13 May 2024
Introduced in November 2021, Long-Term Asset Funds (LTAFs) are a relatively new category of UK-authorised and regulated open-ended fund vehicles. They are specifically designed to facilitate investments in long-term, less liquid assets while offering access to retail investors. This integration is achieved by aligning the liquidity of the asset with the frequency of redemptions, underpinned […]
Read more...18 Jan 2024
The recent surge in pension tax relief, exceeding £50 billion for the first time, marks a significant opportunity for savers to enhance their retirement funds. This £14 billion increase over five years highlights the importance of strategic pension contributions and the effective use of tax reliefs. Boosting contributions In the 2022-23 tax year, taxpayers received […]
Read more...16 Nov 2023
Making sure you’re paying the right amount of tax can be taxing! If you receive a State Pension or other type of pension, then you may still need to pay tax on it. Without the pay-as-you-earn (PAYE) structure of the workplace, you may find it hard to know when and how to pay tax on […]
Read more...16 Nov 2023
The Centre for Social Justice (CSJ) has recently proposed a significant change to the UK’s pension landscape. They suggest that the state pension age should rise to 75 by 2035, up from the current age of 66. This proposal comes amid concerns about the UK’s ageing population and the increasing Old Age Dependency Ratio (OADR), […]
Read more...16 Nov 2023
The current financial landscape presents a conundrum for those looking to safeguard and grow their personal wealth. Despite interest rates reaching their highest levels since 2007, the value of cash savings in the UK has been eroded by inflation. As of July 2023, the nation’s cash savings have dipped to £1.95 trillion, a £5 billion […]
Read more...9 Nov 2023
There are many financial and legal benefits to being married or in a civil partnership, but one of the most overlooked reasons is the potential for tax relief. This is because, thanks to the Marriage Allowance, where one partner earns below the tax threshold, they can transfer a portion of their personal allowance to the […]
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