Archive for the ‘Tax Planning’ Category

Image Courtesy of Flickr_Ishan Manjrekar

Budget Snapshot 2018

The Budget statement was delivered today at 3.30pm by the Chancellor of the Exchequer, Philip Hammond. This is the first Monday Budget since 1962, the year Ipswich Town were Football League Champions for the only time. The Budget is a report presented each year by the Chancellor of the Exchequer to Parliament and the nation. [...]

READ MORE
Image Courtesy of Flickr_Ishan Manjrekar

Stuck in Frozen Tax Thresholds?

The value of key tax thresholds is being eroded, as elements of the income tax system lag behind inflation. 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 [...]

READ MORE
PK Partnership cost of financial advice

A new era for VCTs and EIS

There has been a major overhaul of venture capital trusts (VCTs) and enterprise investment schemes (EISs). The changes come as a response to a government consultation paper last summer which looked at patient capital”. This was defined by the Treasury as “long-term investment in innovative firms led by ambitious entrepreneurs who want to build large-scale [...]

READ MORE
PK Partnership cost of financial advice

New focus on inheritance tax

The government has requested a review of inheritance tax (IHT), focusing on making the system less complicated. The Chancellor, Philip Hammond, has asked the Office of Tax Simplification (OTS) for “proposals… for simplification, to ensure that the system is fit for purpose”. The OTS has been asked to “focus on the technical and administrative issues [...]

READ MORE
PK Partnership Budget Savings and Pensions

Refresh your New Year Resolutions

It’s that time of year again, so what financial resolutions should you be making? New Year resolutions have a tendency not to last very long. By the time the festive season finally ends and the decorations are put away, the eat less/drink less/exercise more resolutions have often also disappeared. For 2018, why not adopt a [...]

READ MORE
PK Partnership cost of financial advice

Can you really avoid inheritance tax?

Inheritance tax (IHT) was once famously described as “a voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue” by Roy Jenkins, a former Chancellor of the Exchequer.  When Gordon Brown was Chancellor of the Exchequer, he called IHT a ‘voluntary tax’ because he said there were many ways [...]

READ MORE
Image courtesy of Flickr_Pink Sherbert Photography

Budget Snapshot 2016

The 2016 Budget statement was made today at 12.30pm by the Chancellor of the Exchequer, George Osborne. About the Budget The Budget is a report presented each year by the Chancellor of the Exchequer to Parliament and the nation. The primary role of the Budget is to control public finances by setting out how much [...]

READ MORE
Image courtesy of Flickr_Sheila Sund

Financial Planning for your children’s future

READ MORE
PK Partnership Budget Savings and Pensions

The Budget: savings and pension surprises!

The Budget earlier this week included several surprise announcements to encourage saving, as well as some major reforms to pensions. If you’ve been reading the papers or watching the news and want to understand exactly what the changes mean for you, below is a summary of the main points, along with our immediate thoughts.

READ MORE
Image Courtesy of Patrícia Almeida on Flickr

Year-end tax planning strategies to protect your wealth

Although we are at the beginning of a new calendar year, there are only two months to go until the end of the 2013/14 tax year, which means now is the time to make sure you have used your annual reliefs, exemptions and allowances. Whether you are a run a business, own rental property or [...]

READ MORE

CLIENT LOGIN


Personal Finance Portal standard life