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Up until recently relevant life plans used by, mainly, the directors of limited companies to provide life cover while the premiums are treated as a business expense. These plans have been very popular providing life cover in a very tax efficient way. Until recently these have only been able to provide life cover benefits only, … Continue reading Relevant Life – Critical Illness

TM Asset Management Ltd are delighted to announce that TM Asset Management have been shortlisted for Financial Adviser of the year in the Midlands and East Anglia category by Professional Adviser. The Professional Adviser Awards recognise excellence in the financial services sector. http://bit.ly/1TXf9MR

With a surprise major U-turn over his intended Tax Credit cuts, George Osborne, the Chancellor of the Exchequer, delivered his joint Spending Review and Autumn Statement on the 25th November 2015. Despite this setback to his finances, from which he had hoped to save £4.4bn in welfare costs, he still maintains that he will be … Continue reading Autumn Statement and Spending Review

The NS&I instant access ISA has reduced the interest rate to 1.25% from 16 November 2015. The government-backed organisation said it had reduced the rate on the tax-free account to bring it in line with other providers. NS&I, which has restrictions on how much money it can accept each year, has faced criticism from other … Continue reading National Savings ISA – Interest rate cut from 16th November 2015

A Lasting Power of Attorney (LPA) is a legal tool that allows you to state who you would like to make decisions on your behalf, should you become unable to do so in the future. It lets you choose a person (or people) you trust to act for you. This person is referred to as … Continue reading The Importance of a Lasting Power of Attorney

Good news for pension savers, the Treasury has announced it will delay making any changes to pensions tax relief until Spring 2016 during the next Budget. Chancellor George Osborne said “We have taken significant steps to encourage saving, not least by giving pensioners control over their pension pots in retirement and by trusting those who … Continue reading Treasury to delay pension changes