Stuck in frozen tax thresholds?

Stuck in frozen tax thresholds?

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....
Which ISA is right for you?

Which ISA is right for you?

If you are looking to maximise your tax-efficient savings, there is now a range of Individual Savings Accounts (ISA) to choose from. And it makes sense to start saving from the beginning of the tax year.   You can invest up to £20,000 in the 2018/19 tax year under...
The lifetime allowance increases – at last

The lifetime allowance increases – at last

Investors can save more into pensions from 6 April 2018, when the lifetime allowance (LTA) increases from £1 million to £1.03 million. The LTA is a critical part of pension planning. It is the total value of payouts from pension savings, as a lump sum or income,...