Month: August 2015

Pension savers might benefit now, but are changes on the horizon?

Pension saving could undergo a revolution following the Chancellor’s decision to launch a consultation on tax relief for pension contributions, according to recent post-Budget analysis by ‘This Is Money’. Currently, investors enjoy a big tax break when they pay into a pension, with high earners getting the greatest perk. A basic rate taxpayer, for example, […]

Budget 2015: Practical applications of the new Inheritance Tax rules

Inheritance tax, once only paid by the super-rich, has become a middle-class plague as house prices have soared. But millions will now escape this unpopular ‘death duty’ thanks to a chunky new allowance announced by the Chancellor. For all bar the wealthiest, inheritance tax should no longer be a problem. The new rules mean family […]

What is the New State Pension?

The so-called ‘New State Pension’ will come into force on April 6th 2016 and will affect all pensioners who reach state pension age from that date onwards. For women, this means that you will be affected if you were born on or after 6th April 1953. For men, you will be affected if you were […]

August Market Commentary

July was a dramatic month. Greece held a referendum and emphatically rejected the austerity package offered by its creditors. Motor-cycle riding Finance Minister Yanis Varoufakis resigned, calling the creditors “terrorists”, and the new finance minister, Euclid Tsakalotos, was seen going into yet another final, final crisis meeting with his negotiating position scribbled on hotel notepaper. […]