Tag: Tax

Don’t worry! There will be no stamp duty rise on your ‘granny flat’ after all!

Posted on June 17, 2016 No Comments

November 2015 saw Chancellor George Osborne announce a significant rise in the amount of stamp duty for second home and buy-to-let properties. The new level, which came into effect in April this year, is higher than that on residential property by three percentage points. What this means is that buying a second home for £200,000, […]

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ISAs – Use it or lose it!

Posted on March 2, 2016 No Comments

As the end of the financial year draws ever closer, it’s important not to forget about any ISAs (Individual Savings Accounts) you have and any remaining payments that you’re allowed to make. The maximum allowance for ISAs for the 2015/16 financial year is £15,240, so it’s important that you invest any funds that you have […]

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Buy-to-Let Landlords: To sell or not to sell

Posted on August 27, 2015 No Comments

It is time for another article, hand written by a member of our very own team. Everyone meet IFP’s Senior Paraplanner, Paul Bowater. Paul started with IFP as a graduate trainee in November 2010. He has since achieved the Advanced Diploma in Financial Planning and is applying for Chartered status in November. With all of […]

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IFP’s 2015 Budget Summary

Posted on July 16, 2015 1 Comment

Click here to download the 2015 Budget Summary in PDF format. Introduction It’s a parliamentary tradition that while making the Budget speech, the Chancellor may drink whatever he wishes. Previous Chancellors have opted for whisky (Kenneth Clarke), gin and tonic (Geoffrey Howe) and even sherry and beaten egg (William Ewart Gladstone). Reflecting more sombre and […]

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July 2015 Budget Preview

Posted on June 30, 2015 No Comments

George Osborne will deliver the second Budget of 2015 on Wednesday, July 8th, just two months – almost to the day – after the Conservatives secured an outright majority in the General Election. As always, IFP have provided preview commentary in relation to the July 2015 Budget which we do hope you find useful! With […]

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What is the impact of Automatic Enrolment?

Posted on March 26, 2015 No Comments

  Automatic Enrolment What is the impact for both employers and employees? The Office of National Statistics 2014 Annual Survey of Hours and Earnings provides us with evidence of the considerable impact of Automatic Enrolment within the pensions arena – for employees and employers. According to the survey findings: The workplace pension scheme membership figures […]

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Autumn Statement Commentary

Posted on December 5, 2014 No Comments

Introduction When George Osborne stood up to deliver his Budget in March everything in his garden was rosy – or as rosy as the prevailing world economy would allow. Most of the UK economic indicators were moving in the right direction and it was generally agreed that the UK was recovering from the global recession […]

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Tax Free Savings – NISA vs Pension

Posted on November 5, 2014 No Comments

Many of our clients will be aware of the tax free savings advantages that can come from using an ISA or a pension to save for your future. If you are not currently a client however, or are unfamiliar with the tax benefits available, then it is worth briefly recapping just what you could be […]

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Additional UK Pension Reforms – October 2014

Posted on November 3, 2014 No Comments

The government has published the Taxation of Pensions Bill, which will change the tax rules to allow individuals aged 55 and above to access their defined contribution pension as they wish from April next year. As part of this bill, the government is proposing to change the rules on taking pensions as a lump sum […]

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Important pension notice: 55% ‘death tax’ abolished

Posted on October 10, 2014 No Comments

Ahead of the major pension changes already announced for April 2015, the Chancellor, George Osborne, this week announced another shift in pension policy that could have a big impact on many savers and their financial planning requirements. Speaking at the Conservative Party’s Annual Conference, Mr Osborne announced the abolition of a so-called death tax, which […]

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