Tag Archives: Tax Allowance

School fees planning

School Fees Planning

Parents wishing to give their children the benefit of a private education face startling costs. The average fee for a boarding school is over £30,000 a year for a single pupil, and for day pupils over £17,000. Then there are the costs of extras such as clothing and equipment.

School Fees – Smarter Investing by Grandparents

School Fees Planning

Many parents and grandparents value the standard of education offered by independent schools and will pay for that privilege. Even if children do not go to an independent school, they may well go to university. Planning for these costs can help avoid the burden of a sizeable student loan.

Pension Update : 2016 Autumn Statement

Good News / Bad News

Only one change was announced in relation to pensions, and this relates to contribution limits. The current annual contribution allowance is £40,000, but this reduces to £10,000 in cases where the pension holder has begun drawing down income (as opposed to tax-free cash) from a ‘money purchase’ pension. This £10,000 limit is now to be […]

Autumn Statement 2016 – what it means for you

Key questions to ask a financial adviser

Philip Hammond’s first Autumn Statement didn’t contain any major tax or pensions changes that have any immediate impact for you. This means we can plan for the tax year end with confidence and clarity.