06 Aug 2020

‘Blue Light’ Inheritance Tax exemption

Parliament has recognised the gallantry of Soldiers since Napoleonic times and provided exemption from Inheritance Tax firstly for soldiers killed in the line of duty, but this has since been extended to cover all armed forces as well as for deaths resulting from health issues that were caused by the service they made to their country rather than actual ‘death in service’.

02 Jun 2020

Beware the pitfalls of the Bank of Mum and Dad

According to Legal and General the ‘Bank of Mum and Dad’ lent their children £6 billion in the UK last year.

For any of you that either have made, or have considered making gifts to your family, you will be aware how important it is to document these gifts as records would be called upon in the event of your death, however, it is also really important to document any loans.

05 May 2020

Fiscal stimulus as never seen before

The coronavirus crisis has transformed the fiscal landscape in the UK. Britain was on course for a budget deficit of £55 billion in the next tax year, but now borrowing could be as much as £200 billion as the government pledges to support our work force.

26 Mar 2020

Our Service to You during the Covid-19 lockdown

As you all know we have been advised to stay at home and do our best to keep everyone safe.

We wish to provide the best service we can to our clients during these times, and I would like you to know how we have planned to continue working on your behalf, adapted, to the current situation.

04 Feb 2020

Probate fee hike finally scrapped

In 2017 we first heard that the £215 flat probate fee for all estates over £5,000 was to be dramatically increased.

Initially this was going to be as high as £20,000 for estates worth over £2 million, a 9,200 percent increase. The proposed fees were then lowered, with tiered fees of between £250 and £5,000 depending upon the estates value.

24 Jan 2020

Workplace Pensions Shortfall

Its been calculated by Aegon that if a 22 year old has the prescribed personal and employer contributions paid in to their workplace pension scheme from now until retirement, they will have £106,500 less in their pension pots than they need to live as they are accustomed to.

16 Aug 2019

TV Turmoil

It has been confirmed that TV licences for over 75’s will no longer be universally free from May 31st 2020. In order to still qualify for a free licence an individual needs to be claiming Pension Credit.

25 Jul 2019

The Inflation Basket

Inflation: the annual rise in the cost of goods and services, is measured by various indices and the goods and services in those indices change each year - so what's 'In' and what's 'Out' this year

24 May 2019

One-third of over-75s have been targeted by scammers

Research by the Financial Conduct Authority (FCA) has found that a third of people aged 75 or over believe they have been targeted by a fraudulent investment scam in the last three years.

This is saddening to hear. It seems most frequent scams are involving unauthorised firms promoting investments in shares, bonds, forex and cryptocurrencies. Please remember that we are here for our clients, to pass any investment ideas by, and to provide you with a second opinion.

01 May 2019

Spring time investment lessons

As we see the tulips blooming, I am reminded of ‘tulip mania’. I’m sure you are all familiar with the story of how the prices of highly fashionable tulip bulbs reached extraordinarily high prices and then dramatically collapsed in 1637, ruining many an investor

28 Mar 2019

Investment Matters - A tribute to Allan Harragan

I’m going to ask you to forgive my self-indulgence with this

quarters Investment Matters, and make this issue a tribute to Allan.

Now, there are some clients who never worked with Allan, but I hope that

there may be some insights and lessons that will still be of benefit to

you too.

15 Nov 2018

Is “LISA” about to “pass away”?

There has been recent talk about the success and future of the lifetime ISA (LISA). Comment has included former Minister for Pensions Ros Altmann saying that the LISA was a “fudge that was dreamed up in the last 10 days of the pension tax consultation” and that “it is very dangerous for pensions“.