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We know the tax year runs from 6 April 2019 to 5 April 2020, yet effective tax planning needn’t be left until the end of the tax year. Here are some tips to get you ahead. Consider topping up your pension Normally, between you and your employer, you can pay a maximum of £40,000 (or… Read more
Following the Spring Statement, the 2019-20 tax rates card summarises the main changes which apply to your business or personal lives. The tax card contains lots of useful information such as: Personal tax rates Several changes have taken place to the personal tax rates, including the amount of income everyone can earn tax free. The… Read more
1. If your taxable income will be £50,000 or more for the current tax year 2019/209, you might consider paying a pension contribution before the end of the year to reduce your exposure to higher rate tax. 2. If you or your partner receive child benefit and you or your partner has taxable income over… Read more
Amidst all the Brexit debates, the Chancellor Philip Hammond presented his second Spring Statement on Wednesday 13 March 2019. In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility forecasts. In addition he launched consultations on various aspects of the tax system together with updates on… Read more
On Saturday 23 February 2019 The Times published their supplement listing the Top IFAs, Mortgage Advisers, Accountants and Solicitors in the UK, based on reviews on the independent consumer ratings website VouchedFor.co.uk. We are extremely proud to announce that our very own Nick Lawson has been included in this feature once again. Nick was highly recommended… Read more
Tax Rates Card 2018-19 Following the Spring Statement, below is a 2018 tax rates card 2018-19. The main changes which apply to your business or personal lives are summarised on the tax card. We are sure that you will find it a useful point of reference throughout the coming tax year. We have listed… Read more
What should you consider when choosing an Independent Financial Adviser? Whatever stage you are in your life, the advantages of taking control of your finances can never be underestimated for enjoying your life to the full and sleeping soundly at night! So you’ve decided the time may be right to take positive action to plan… Read more
A new residential nil rate band for Inheritance Tax (IHT). From 6th April 2017 a residence passed on death to a direct descendant will attract a new allowance. A direct descendant is a child (including a step-child, adopted child or foster child) of the deceased and their lineal descendants. The amount of the main residence… Read more
Top 250 Independent Financial Advisers in the UK On Sunday 10th April the Sunday Times published their first supplement listing the Top 250 Independent Financial Advisers in the UK based on reviews on the independent consumer ratings website VouchedFor.co.uk. We are proud, but not at all surprised, to say that Nick Lawson was featured. Rated… Read more
Congratulations to Mr and Mrs Wright from near Easingwold, who correctly answered all the quiz questions at our Inheritance Tax Seminar held in York on 26 November. Mr and Mrs Wright joined many other Yorkshire residents, interested in finding out more about Inheritance Tax and how to plan for this tax. The seminar which included… Read more
