News & Insights - Page 8 of 21

Investor implications – Dividend Allowance cuts

October 19, 2023

With the UK in the midst of a sharp tax-raising drive, understanding the full impact of fiscal changes on investments has arguably never been so critical. One area that has been subject to particularly draconian reductions is Dividend Allowance, with changes in this area likely [...]

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Lifetime Allowance removal provides pension boost

October 12, 2023

Several months have passed since the Spring Budget, which, although not necessarily packed with good news stories, held one announcement that certainly did bring considerable cheer to higher rate taxpayers. A recent survey has revealed the dramatic impact that Chancellor Jeremy Hunt’s decision to scrap [...]

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Economic Review – September 2023

October 6, 2023

Rate-hike pause as inflation dips Last month, the Bank of England announced a pause in its long run of interest rate rises following an unexpected dip in the UK headline rate of inflation and ‘increasing signs’ that higher rates were starting to hurt the real [...]

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Residential Property Review – September 2023

September 26, 2023

Economic uncertainty weighs on the residential market The most recent UK Housing Market Update from Savills has highlighted that buyers’ budgets continue to be impacted by higher mortgage rates, and although inflation has begun to move lower, core inflation remains ‘unexpectedly sticky.’ During July, with [...]

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Achieving real financial empowerment

September 14, 2023

Traditionally, people might have assessed their financial health by simply checking the balance on their bank account or totalling their amassed level of wealth. In recent years, however, a different measure has emerged which seeks to balance financial stability with emotional wellbeing. Financial empowerment This [...]

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IHT goes mainstream

September 7, 2023

Inheritance Tax (IHT) receipts have been consistently rising, with new data from HM Revenue & Customs (HMRC) showing takings for the 2022-23 tax year totalled £7.1bn, up a massive £1bn from the previous tax year (£6.1bn 2021-22). According to HMRC, this huge uplift can be [...]

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Economic Review – August 2023

September 1, 2023

UK growth rate exceeds expectations The latest gross domestic product (GDP) statistics revealed that the UK economy grew more strongly than expected in June, although more recent survey data does suggest a renewed contraction looks ‘inevitable.’ Official data released last month by the Office for [...]

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Residential Property Review – August 2023

August 26, 2023

Demand down but activity remains robust The residential sales market experienced further negative indicators in July, according to the latest UK Residential Survey by the Royal Institution of Chartered Surveyors (RICS), with new buyer enquiries and agreed sales volumes continuing their decline. At the national [...]

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Wealth planning – striking a balance

August 10, 2023

While recent financial challenges have taken their toll on everyone’s pockets, it comes as no surprise that parents are putting concerns about their children’s finances above their own, as highlighted in a recent survey of advisers¹. Over half (55%) of the advisers surveyed noted that [...]

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Spotlight on pension changes

July 27, 2023

During the Spring Budget the Chancellor announced several changes to pensions including increasing the Annual Allowance and the Money Purchase Annual Allowance. The changes, the most significant since pensions freedoms in 2015, have largely been met with positivity, bringing greater flexibility and opportunity. Some higher-paid [...]