Month: November 2014

Tony Benn, his strategy for Inheritance Tax reduction

Following his recent death, there has been some recent press speculation over the inheritance tax planning that Tony Benn may have carried out to reduce death duties on his estate. From what we have read in the National Newspapers, it would seem that far from Mr Benn carrying out aggressive tax avoidance, he (and his […]

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Annual CPI inflation update

Synopsis: Annual CPI inflation rose marginally in October, but the small increase still points to no interest rate rise soon. Inflation on the Consumer Price Index (CPI) measure has moved up slightly by 0.1% to 1.3% in October. The October inflation numbers from the Office for National Statistics (ONS) were 0.1% above market expectations, but […]

WHY MAKE A WILL?

Synopsis: The question seems easy enough to answer, yet recent research carried out by the Law Society indicates that a large percentage of those aged between 16-54 do not have a will. According to research carried out by the Law Society last month, 73% of 16-54 year olds do not have a will.  Whereas, 64% of […]

November Market Commentary

In all the time we’ve been writing these market commentaries it’s difficult to remember a more turbulent month than October 2014. Throughout the summer we have been writing about events in the Ukraine and the worries that conflict posed for Europe. Fortunately we now have a ceasefire in the region – and Russia and the […]

Tax free saving with an ISA or pension

Many of our clients will be aware of the tax advantages that can come from using an ISA or a pension to save for your future. If you are not currently a client however, or are unfamiliar with the tax benefits available, then it is worth briefly recapping just what you could be missing out […]

CGT Update and a couple of changes by Keith Knight, Turner Hampton

Annual CGT Exemption The current annual Capital Gains Tax (CGT) exemption for an individual is £11,000. At the top rate of CGT of 28% this is worth £3,080. From 6 April 2015 the amount will increase to £11,100 and will therefore be worth £3,108 for the 2015/16 tax year based on gains being chargeable at […]

FCA advice on protecting yourself against unauthorised finance firms

The Financial Conduct Authority (FCA) provides ten steps to make sure you are dealing with an authorised financial services firm, and to protect yourself from fraud and unauthorised activity. Firms and individuals can only conduct regulated financial services activities in the UK if they are authorised by the FCA or registered to do so, or […]