Your options for passing on your wealth
You’ve worked hard all of your life to get to where you are, and providing for those you care about is important to you. However, just owning your own home and having sufficient capital to provide a reasonable income during your retirement may leave your estate with a sizeable IHT liability. If you want to […]
Lifetime Individual Savings Accounts
Lifetime Individual Savings Accounts have been launched by the Government to help 18 to 40-year-olds to save and invest flexibly for the long term. The aim is that people will not have to choose between saving for their first home and retirement. They can use some or all of the money to buy their first home or […]
Product Insight: Investment Bond
One helpful feature of the taxation of investment bonds is the ability for the client to take partial withdrawals each year of up to 5% of the amount invested, for at least 20 years, without triggering an immediate tax liability. Used properly, this facility can give access to regular or one-off payments with minimum admin, […]
Don’t miss this year’s ISA deadline!
Each tax year, we are each given an annual individual savings account (ISA) allowance. The ISA limit for 2016/2017 is £15,240, rising to £20,000 in 2017/2018. Anyone wishing to utilise their allowance should do so before the deadline of midnight on Wednesday 5th April 2017 which marks the end of the 2016/2017 tax year. It […]
Spring Budget 2017 – The Key Points
When Chancellor Philip Hammond stepped up to the despatch box on Wednesday to deliver his first Spring Budget, he’d already announced that it was to be his last, with the financial set-piece poised to move to the Autumn from now on. With the UK potentially just weeks away from triggering Article 50 and firing the […]
The pros and cons of the two most popular ISAs
There are three types of ISAs available for your savings and investments. You can open a Cash ISA, a Stocks & Shares ISA and an Innovative Finance ISA (launched on 6 April 2016). Each of these ISAs provide a tax-efficient way to save whether you decide to invest a lump sum or top up your […]
Taking preventative action
Here, Tristan Hartey offers some solutions for helping to reduce your beneficiaries’ potential Inheritance Tax bill. 1. Make a Will Making a Will ensures your assets are distributed in accordance with your wishes. This is particularly important if you have a spouse or partner, as there is no IHT payable between the two of you, […]
Our Nucleus ‘How to…’ sessions
If you have a Nucleus account with us then you will have heard about the Nucleus training days we’ve been hosting. We introduced the sessions during the last quarter of 2016 and have since arranged more due to their success. Tuesday saw us host our 4th session and we’re delighted that the sessions are still […]
The recipe to successful investing
The key to successful investing is to maintain a good balance between risk and return. To maintain this balance, an investor should never put all their eggs in one basket. Instead, they should share their eggs out into a number of different baskets, which is referred to as ‘asset allocation’. These ‘baskets’ will be made […]
What are Defined Benefit Pension Schemes?
Defined benefit pension schemes are where the amount paid to you is set using a formula. This is based on how many years you’ve worked for your employer and the salary you’ve earned rather than the value of your investments. If you work or have worked for a large employer or in the public sector, […]
