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 27, 2018 | Investments, Savings
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...
by Dan Eatch | Apr 6, 2018 | Pensions, Savings
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,...
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 | Jan 31, 2018 | Investments, Mortgages, Pensions, Protection, Tax planning
THE CHANCELLOR DETAILED A LONG LIST OF TAX CHANGES IN HIS AUTUMN BUDGET, ALTHOUGH HE WAS GENERALLY MORE CAUTIOUS THAN HE WAS IN HIS SPRING ANNOUNCEMENTS. Back in March last year, Philip Hammond’s Budget debut as Chancellor almost marked his simultaneous finale in the...
