Tag: economy

New flexible pensions: why we will not be spending them all at once…

Posted on July 23, 2014 No Comments

Much has been written about the new dawn of pensions flexibility ushered in by the Chancellor in his last budget. Amidst the thunderous applause and cries of ‘long overdue!’ from most pension holders there were, however, stern noises from certain quarters – Labour’s Ed Balls among them – that the overwhelming temptation for many would […]

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7 Alternatives to using pensions to save for retirement

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Faced with a hefty 55 per cent pensions tax bill because of HM Revenue & Customs new lower lifetime pensions allowance, many middle-to-high earners with generous pension arrangements are seriously on the lookout for alternatives to pensions as savings vehicles for retirement. That is quite a few savers potentially hunting around, considering that approximately 360,000 […]

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SMEs need to take care in the complicated insurance arena

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“Small businesses are experts in their particular field but are often not experienced in buying insurance. That is why they need to be able to trust their insurance intermediary to act in their best interests. If there are conflicts of interest that are not identified or properly managed, that trust is put at risk.” (Clive […]

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HMRC boasts record level of additional tax after avoidance crackdown

Posted on July 14, 2014 No Comments

HMRC has revealed a dramatic jump in its revenues thanks to its recent measures aimed at clamping down on tax avoidance schemes. During the course of the tax year 2013/2014, HMRC claims that it has generated an extra £23.9 billion in tax; a staggering figure, especially considering it puts them £1 billion ahead of a […]

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New ISAs: going the distance with new pensions – or delivering the knockout punch?

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‘Out with the old and in with the new’ regimes The Chancellor’s March 2014 Budget may well go down as one of the most radically overhauling game-changers since Lloyd George ushered in the state pension in the 1908 Pensions Act (at the time perceived as dangerously radical). It has completely levelled the playing field as […]

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July Market Commentary

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June was a good month for British and Chinese manufacturing, a disastrous month for General Motors (GM) and sadly, the England team who can now be found on the beaches of the Algarve. At least they escaped the anger directed at South Korea’s players, who were pelted with toffees on their return to Seoul! UK […]

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June Market Economic Commentary

Posted on June 3, 2014 No Comments

Some months we sit down to write this report and think to ourselves, ‘Not much happened really…’ And then you get a month like the one that’s just finished where pretty much everything happened! Elections were held across Europe – and the big story was the rise and rise of the extremist parties, with UKIP […]

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What does ‘Compound Interest’ mean to a saver?

Posted on May 6, 2014 No Comments

Do you know whether your bank or building society pays Compound Interest on its fixed rate savings accounts and ISAs? They are likely to quote you the Annual Equivalent Rate (AER) as a percentage interest rate, but will this Simple Interest be compounded? We know that current savings interest rates are small and if the […]

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May Market Economic Commentary

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The month got off to a gloomy start, especially if you are a Guardian reader. Five signs the global recovery may be an illusion was the headline on one of its main analysis articles, which pointed out that the world of 2014 was not very dissimilar to the world of 2004 – when (we now […]

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The Year of Hard Truths – A Look Ahead to the 2014 Budget

Posted on February 13, 2014 No Comments

Chancellor of the Exchequer, George Osborne, will deliver the 2014 Budget on Wednesday, 19th March – little more than three months after he delivered the Autumn Statement. When Osborne delivered his Budget in March 2013, the news for the UK economy wasn’t particularly good – in fact, many commentators were worrying about the UK slipping […]

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