The Financial Conduct Authority has announced a temporary ban on the promotion of most ‘mini-bonds’.  Have you ever been tempted by those advertisements offering 8%+ yields on property-backed bonds?  If you have, then you’ve probably been looking at a promotion for ‘mini-bonds’. These investments are not always what they seem and have already resulted in…

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The Autumn Budget may have been deferred, but the tax year clock is still ticking.   The deferral of the Autumn Budget, originally due on 6 November 2019, created several problems. It meant that the political parties went into the election with just a government-sanctioned economic forecast produced back in March, alongside Mr Hammond’s Spring Statement.…

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Recently released economic data suggest a relatively large increase in the main state pensions for the next tax year, but it’s still inadequate for a happy retirement. The new levels of state pension for the coming financial year (2020/21) are usually revealed in or alongside the Autumn Budget statement. But as 2019 has been a strange…

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In early November, HMRC undertook a distinctly non-festive bulk mailing.  “We receive information about investment funds and this information shows that you may have invested in Offshore Investment Funds.” Those slightly discomforting words are contained in a letter which HMRC sent out in early November. It was sent to a subset of taxpayers whose tax…

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Inflation has fallen to its lowest level in almost three years, but you should still take it into account. The October measure of annual inflation was lower than most experts had expected. At 1.5% on the CPI yardstick, it was the lowest since November 2016 and 0.5% below what is still the Bank of England’s central…

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