Lifetime ISAs: Get up to £32,000 for free!

Earlier in the year Chancellor George Osborne announced the launch of the new Lifetime ISAs which will be available from 6 April 2017.  If you are saving for your first home or for your retirement, then the Lifetime ISA is geared towards you and could help make the most of your tax allowances from your savings. It’s all too easy to forget about retirement planning when you are busy working, … [Read more...]

Auto-enrolment delay: What does it mean for you and your business?

Hidden away in the 2015 Autumn Statement was the announcement that increases in contributions for auto-enrolment pensions is to be delayed by six months. Currently, contributions to auto-enrolment pensions total 2%. These were due to increase to 5% in October 2017 and to 8% in October 2018. These two increases have now been delayed until April 2018 and April 2019 respectively. What does the … [Read more...]

Budget 2015 Report by FD Business

The UK Budget 2015 took place on Wednesday 18th March 2015. This will be the final budget before the next election in May 2015. Chancellor George Osborne used his final Budget statement of this Parliament to announce that “Britain is walking tall again”. The budget was clearly to help key sectors of the general public, in the hope that George will still be the Chancellor. The budget was … [Read more...]

Pension Changes 2015 and Wealth Succession

Next month heralds the biggest pension changes in almost 100 years. As of April 6th 2015, individuals over 55 will be able to choose freely what they do with their accumulated pension wealth. The new pension changes to The Taxation of Pensions Act 2014 mean that individuals will now be able to cascade their wealth down to generations of their family in a tax efficient manner if they so … [Read more...]