9 Oct 2024
When it comes to managing your investments, you may have come across various strategies that aim to balance risk and reward. One such method that is gaining popularity among both seasoned and novice investors is the core-satellite strategy. This approach offers a way to create a diversified portfolio while still allowing room for higher-risk opportunities. […]
Read more...9 Oct 2024
When it comes to taking money from your pension, careful planning is essential to minimise your tax liability and maximise the longevity of your savings. Here is how we recommend you structure your pension drawdowns effectively. Use your tax-free lump sum wisely You can withdraw up to 25 per cent of your pension as a […]
Read more...9 Oct 2024
Venture capital trusts (VCTs) offer an opportunity to invest in smaller UK companies while benefiting from attractive tax reliefs. As an investor, you can receive income tax relief of up to 30 per cent on your investment, tax-free dividends, and no Capital Gains Tax when you sell your VCT shares. However, these benefits come with […]
Read more...11 Sep 2024
HMRC has begun to issue ‘nudge letters’ to cryptoasset owners who may have underpaid tax when selling their assets, urging them to amend or submit a tax return. In this rapidly evolving sector, asset holders are not always clear on what income or profit generates a tax liability. This follows the introduction of CARF – […]
Read more...11 Sep 2024
Having the right team that aligns with your goals and values is key to the success of your business. However, many sectors are currently facing a skills and staffing shortage. Government data shows that over one-third of vacancies were skills-shortage related, with around a quarter of all employers having at least one vacancy within their […]
Read more...11 Sep 2024
Your environmental, social and governance (ESG) strategy might just pave the way to growth for your business. ESG initiatives are increasingly important for businesses in terms of client values and acting ethically. However, tracking and reporting on ESG objectives may also be the key to achieving efficiency and optimised business performance – crucial drivers of […]
Read more...11 Sep 2024
While we’ve made meaningful progress in the global energy transition, the pace is still too slow. The charity Accounting for Sustainability (A4S) and Aviva Investors have sounded the alarm in their new report, Accelerating the Transition: Assessing Progress and Driving Action. Despite the shift from voluntary to mandatory sustainability reporting, emissions continue to rise. Scientists […]
Read more...11 Sep 2024
The furnished holiday lettings (FHL) tax regime is set to be scrapped from April 2025, with draft legislation already on the table. If you own a holiday home, now is the time to get familiar with these forthcoming changes and consider how they could impact your tax liability. From April 2025, the tax incentives associated […]
Read more...11 Sep 2024
When you’re self-employed, keeping track of essential dates and deadlines can be challenging. One crucial date to remember is 5 October 2024, which is the deadline to register for Self-Assessment. If you started working as a self-employed individual on or after 6 April 2023, you must register with HM Revenue & Customs (HMRC) by this […]
Read more...18 Jun 2024
According to an Office for National Statistics (ONS) survey from May 2024, 55 per cent of adults across Great Britain reported an increase in their cost of living compared to April. The data showed that 42 per cent of people said their cost of living had remained the same, and the other three per cent […]
Read more...18 Jun 2024
Recent research from MetLife UK has revealed that over half (52 per cent) of working parents have no form of financial protection. This means should they find themselves needing to take time off work to look after their unwell child they will have no additional financial support. The data highlighted that of the individuals without […]
Read more...18 Jun 2024
The UK’s consumer confidence grew again in May, with people continuing to see a brighter future for their finances. This is according to the Consumer Confidence Index from researchers GfK. They saw a two-point increase from April to May regarding people’s feelings about their economic situation. The Consumer Confidence Index provides insight into how UK […]
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