Archive for July 2016

Going for gold with your SIPP  

The Royal Mint is offering gold bars to SIPP investors. The rules on what investments can be held within a self-invested personal pension (SIPP) are simple: you can choose anything. However – and it is a very significant however – certain assets, such as art and residential property, are classed as “taxable property” and attract…

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Chinese shares almost in from the cold

An important decision on the leading emerging markets index has been announced. Which country has the second largest set of stock markets after the US? Is it: UK Japan Germany China The answer is that China ranks number two, which might come as a surprise. However, at present the shares listed on China’s mainland stock…

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Retirement choices shrink as annuities withdrawn

One of the UK’s biggest insurance companies has withdrawn from the advisory annuity market. The pension freedom reforms revealed in the 2014 Budget claimed another victim last month as the Prudential announced it would no longer provide annuities via financial advisers. Earlier in the year two specialist annuity providers merged in the face of declining…

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A volatile first half for 2016 investments

The first half of 2016 has been marked by volatility – especially in the final week. June, or to be more accurate, the final five working days of June, proved to be a volatile time for share markets around the world. After two of the four constituent parts of the UK voted for Brexit, markets…

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Are your children already eyeing up their inheritance?

Recent research shows that UK household savings are forecast to fall to their lowest rate in over 50 years.   A report produced by the Centre for Economics and Social Research (CEBR) has forecast that UK household savings will fall to just 3.8% of disposable income this year, its lowest level since 1963. The ratio was…

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Your bank rewards may be less than interesting

Not everything your bank pays you counts towards the personal savings allowance. When the personal savings allowance (PSA) was first announced in the March 2015 Budget, it all sounded quite straightforward: If you were a basic rate taxpayer, you had a £1,000 allowance to set against savings income; If you were a higher rate taxpayer,…

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