Economic News Archives - Charterbridge

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Economic News

End of Year Tax Planning

FEBRUARY 2016 END-OF-YEAR TAX PLANNING The run up to the tax-year end is a good time to consider tax planning to maximise the use of an individual’s allowances, reliefs and exemptions for the current tax year.  Some of these will be lost if not used before the tax-year end.  For those people who currently pay […]

FYI Professional news update

News items you might have missed: New tax rules threaten Buy2Let investors In a major report on the effects of the new tax rules on Buy-To-Let mortgages, the Financial Times quoted accountants views that even with a 30% deposit and a 6% rental yield, a property could be loss-making for a higher rate taxpayer.  For […]

FYI Professional Must-Read News Flashes

In this article in case you missed them: HMRC chases contractors. Family Disputes on the rise. Property – The place to buy is Birmingham Property – Listing slump hits London properties Pensioner wins cash-in battle. Avoid a Drawdown Disaster. Beware 70% pension tax charge. Pension tax relief under threat…again. Millions won’t get new flat-rate pension. […]

Cap on Long Term Care Costs Delayed until 2020…

PROMISED CAP ON CARE COSTS DELAYED UNTIL 2020   The Government has announced that it will be delaying its flagship policy to cap social care costs under the Care Act 2014 until April 2020 due to funding concerns. Government plans to introduce a £72,000 cap, on the amount self-funders would have to contribute to their […]

ANOTHER LIFE EXPECTANCY CALCULATOR

ANNUITIES/PURCHASED LIFE ANNUITY Date posted: Wednesday, July 29, 2015   Synopsis: The Office for National Statistics has a useful tool to offer an answer to the question ” How long will my pension need to last?” One of the points which regularly emerges in surveys is that Joe Public underestimates their life expectancy. This obviously […]

Government Promote Wills

WILLS/WILL TRUSTS   The Ministry of Justice has, this week, launched a public awareness campaign to encourage people to plan for their and their families’ futures by ensuring they have wills and lasting powers of attorney in place. The ‘Choice not Chance’ campaign consists of a campaign page on the Government website with links to […]

Don’t worry about rate rise, says Bean

Don’t worry about rate rise, says Bean Charlie Bean, a deputy governor of the Bank of England has argued that businesses should be confident that when interest rates rise it will be slowly and to a level below those of 2008. The Times, p. 40 Savings Banking & Finance The ABI has warned that reforms […]

Virgin Money’s profits jump on mortgage loans

Round Up Virgin Money’s profits jump on mortgage loans Soaring mortgage lending drove up profits in 2013 at challenger bank Virgin Money, the lender said yesterday. The bank, which was built out of the remains of Northern Rock, made a pretax profit of £179.4m in 2013, up 23.5 per cent on the year. City AM […]