by Dan Eatch | Sep 21, 2018 | Pensions, Tax planning
Pension freedom rules that make it easier for investors to access their pension savings may lead to excessive tax bills. The pension freedom rules allow anyone aged 55 or over to access their personal pension funds, but there are complicated rules on how withdrawals...
by Dan Eatch | Jul 23, 2018 | Investments, Pensions, Tax planning
The erosion in the values of tax thresholds is known as ‘fiscal drag’, and is a highly-effective form of stealth tax used by Chancellors from successive governments. Fiscal drag is the result of not adjusting tax thresholds (or allowances) in line with inflation....
by Dan Eatch | Jun 12, 2018 | Investments, Mortgages, Tax planning
Many couples in long-term relationships maintain independent finances, but typically also operate one or more joint accounts to cover day-to-day bills or for savings. There are a number of benefits and risks to managing joint finances. On the simplest level, a joint...
by Dan Eatch | Apr 6, 2018 | Pensions, Savings, Tax planning, Wealth planning
When the current tax year comes to an end so will some valuable tax planning opportunities. Some of these will survive into 2018/19, but many will finish on 5 April – and if you don’t use them, you will lose them. This year there will be no Spring Budget to...
by Dan Eatch | Apr 6, 2018 | Investments, Mortgages, Tax planning
The next instalment of tax changes to buy- to-let investments come in from 6 April. If you are a buy-to-let landlord, or you are thinking of this type of investment, you need to understand the implications. Reform of tax relief on buy-to-let residential mortgage...
by Dan Eatch | Apr 6, 2018 | Mortgages, Tax planning
The government has requested a review of inheritance tax (IHT), focusing on making the system less complicated. The Chancellor, Philip Hammond, has asked the Office of Tax Simplification (OTS) for “proposals… for simplification, to ensure that the system is fit for...
