The General Election 2017

As Parliament will be dissolved on the 3rd May in preparation for the forthcoming general election, some elements of the Finance Bill will not go ahead as planned. It was deemed there was insufficient time to get the Finance Bill in its entirety on to the statute book. The following proposed changes will be delayed, … Continue reading The General Election 2017

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Lifetime ISA

The end of the tax year is now only 2 days away. From the start of the new tax year the Lifetime ISA will be available. The Lifetime ISA will allow adults between the ages of 18 and 39 to open a Lifetime ISA and invest up to £4,000 each year and receive a bonus … Continue reading Lifetime ISA

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Pension Scams

A new client recently came to see us. His previous adviser had recommended an unauthorised investment and now he has a copy of the Administration Notice from the administrators. For most people a pension, whether it is a workplace scheme, a Personal Pension or a SIPP (Self Invested Personal Pension) this will possibly provide a … Continue reading Pension Scams

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Money Purchase Annual Allowance

Normally you can contribute up to £40,000 to a personal pension in any one tax year. For those people who have started drawing income benefits they have triggered the Money Purchase Annual Allowance, which restricts the contributions to £10,000. The MPAA effectively stops individuals using pension flexibilities around accessing a money purchase pension arrangement as … Continue reading Money Purchase Annual Allowance

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