Right place, right time, right order. Tax incentivised, tax free, or potentially tax free – some of the savings choices currently on offer. Failing to make the most of these will result in you paying unnecessary tax on your income and savings. But saving into the right tax wrappers at the right time, and crucially […]
It’s business as usual for pension saving as the Chancellor confirmed there will be no imminent changes to pension tax relief. And the introduction of the new LISA saving vehicle from April 2017 adds another attractive complementary option to the saving landscape. Taken together with cuts in CGT rates, further boosts in income tax thresholds […]
Following last week’s blog post on Financial Planning – Current Hot Topics, here are a few more tax efficient strategies to consider in the run up to the Budget.
With the Chancellor’s budget on 16th March and the tax year end on 5th April, now is the time to take a quick look at a few financial planning hot topics.
With effect from 6 April 2016, a new savings allowance is to be introduced under which the first £1,000 of interest earned each year by basic rate taxpayers and the first £500 of interest earned by higher-rate taxpayers will be free of tax.