Tag: Tax

Inheritance Tax by IFP’s John Copsey

Posted on August 6, 2014 No Comments

IFP are delighted to bring you a brand new feature! Each month, we will ask the public to name a topic they would like one member from the IFP team to write about. Topics can range from Auto Enrolment to Long Term Care to Inheritance Tax Planning. Each article will be a bespoke piece of […]

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Tax Recovered from Avoidance Scheme Clampdown

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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NISA v Pension – Two punishing jabs leading to the knockout punch…

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“Out with the old and in with the new” 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 far […]

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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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ISA’s: now much NISA!

Posted on May 29, 2014 No Comments

Virtually all the headlines surrounding George Osborne’s recent Budget were about the changes to the pensions rules. Rightly described as the biggest changes to pensions legislation for a hundred years, they will have far-reaching implications for the financial planning of many of our clients. With all the attention devoted to pensions, it was easy to […]

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Save now to avoid becoming an Ebaby Boomer

Posted on May 6, 2014 No Comments

Britain’s baby boomers are turning into eBaby boomers as the rising cost of living is forcing them to sell off their possessions to maintain their lifestyle. Concerned about making ends meet, one in five of the post-war generation are selling their clothes, jewellery and electronics online to boost their incomes, according to a recent study […]

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What does ‘Compound Interest’ mean to a saver?

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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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Are you in an Inheritance Tax hotspot?

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Estates liable for Inheritance Tax in the UK in 2010-2011 faced a bill of nearly £166,000 on average, according to new analysis of HMRC data by Prudential. The study, based on the latest publicly available regional data on tax receipts, shows that in the 2010-2011 tax year, inheritance tax was paid on around 15,600 estates […]

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IFP’s 2014 Budget Overview

Posted on March 20, 2014 No Comments

The Chancellor delivered his 2014 Budget to Parliament yesterday and it proved to contain both big changes to ISAs and the biggest pension reforms for many years. The changes were ambitious and wide-reaching and give both savers and retirees new options to consider in their financial planning. In order to help to put the Chancellor’s […]

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