September 13, 2018Student Loans – is it a case of smoke and mirrors?
Student loans are a slippery subject. The problem starts with the word “loan”, which is near enough a half-truth. The latest estimates suggest that about 45% of outstanding student debt (original loan plus accumulated interest) will eventually be written off. How the Treasury accounts for student loans and interest has been the subject of a paper from the Office […]
August 17, 2018Tax effects on death of a Spouse or Civil Partner
Introduction Bereavement is a difficult time, particularly when this involves the death of a spouse or civil partner. There is often a plethora of arrangements to be made, including the management of the person’s financial affairs. Ensuring that tax payments and allowances have been considered is an area which can sometimes be forgotten at this […]
Equerry Investment Management endeavour to keep an eye on global news that could potentially have an impact on the UK and ultimately our client’s investment interests. With Donald Trump visiting the UK this week, our Branch Principal, Andrew Coveney, has taken note of a MoneyWeek article, published in their 5th July 2018 edition. Here, MoneyWeek […]
25% of UK parents regret not saving earlier for their child’s education and 20% say they wish they had saved more, according to new data. It seems that more than 70% of parents contribute towards the cost of their child’s education, at a “rich mix” of fee-paying schools, colleges or university. Despite this, less than […]
June 6, 2018May 2018 Employment Report
Please click here to see the Raymond James Economic Research May 2018 Employment Report.
Background The Lifetime Allowance (LA) is designed to limit the total pension savings an individual can accumulate tax-efficiently. Accumulated benefits in excess of the LA are taxed at rates which largely remove the tax benefits. A LA test has to be undertaken every time there is a Benefit Crystallisation Event (BCE). The following information is […]
May 14, 2018How is your knowledge of Trusts and Taxation?
The subject of trust taxation covers income tax, capital gains tax and inheritance tax. An understanding of trust taxation will enable you and your financial adviser to better identify suitable investment opportunities. It is advisable to have an understanding of the principles of taxation in order to make sensible investment choices. When can a tax […]
May 9, 2018Would you like to know more about ISAs?
What is an ISA? An Individual Savings Account or ISA is a tax-free scheme for saving. For investors, the returns from ISA savings are free of UK income tax and capital gains tax. For this reason, income and capital gains do not have to be entered on a tax return and funds can be removed […]
April 30, 2018Are you considering your SIPP options?
A Self Invested Personal Pension, or SIPP is a type of personal pension that gives you a range of options and consequently, a level of freedom, about how you invest your retirement funds. What are the advantages of having a SIPP? A SIPP has the potential to give you more control over how and where […]
April 5, 2018What are Mitigation Strategies for Inheritance Tax?
This article aims to help you to negotiate the complexities of IHT liability and enable you to reduce or eliminate the risks posed by Inheritance tax to your estate. Background to IHT Due to existing inheritance tax (IHT) rules, when an individual dies, his or her estate is subject to a sizeable claim from HM […]