It is worth looking at what your pension pot could buy for your retirement. The importance of pension contributions has been bolstered by the rollout of auto-enrolment pension schemes. However, it is not as clear what your savings will give you when you come to retire. For example, Louise, a healthy, non-smoking 65-year-old, reaches retirement with £1,000,000 in her pension plan. If she uses the entire fund to buy herself an inflation-proofed income, what will be her first mo
There are advantages to planning your ISA investments around the start of the tax year. With ISAs all the taxation benefits occur afterinvestment is made, yet the focus is often on year-end contributions. Various articles on ISAs filled the weekend press in March, and are set to re-emerge like a financial sign of spring in 12 months’ time. For other investments, such as venture capital trusts and pensions, there is a logic in waiting until the end of the tax year – you have a
Buy To Let - the secret of success
Warning signs ahead for landlords. A new study from Savills shows that landlords have profited significantly in the decade since the financial crash, but that a raft of taxation reforms are starting to push them away from an increasingly bleak buy-to-let market.
And there’s a big gap between the best and worst performing BTL investors when we factor in analysis from Countrywide, which highlights that, when it comes to overall returns,
Important changes for venture capital schemes and enterprise investment have recently come into effect. New ‘risk-to-capital’ conditions apply to investments in venture capital trusts (VCTs), enterprise investment schemes (EISs) and seed enterprise investment schemes (SEISs). The changes took effect on 15 March 2018, when the Finance Act 2018 received Royal Assent. Broadly speaking, an EIS or SEIS company, or a company in which a VCT is investing must both: Have objectives “t
The start of the new tax year on 6 April marks several changes to tax and related matters that could make you richer… or poorer. The absence of a Spring Budget does not mean that the usual raft of changes at the start of the new tax year have disappeared. Most of the important changes were announced in the Autumn Budget, in November 2017. However, Scotland has also recently approved a new set of income tax rates and bands. Here is a list of the more important changes that tak