Review your IHT planning in case the Autumn Budget brings in the anticipated changes

One of the few surprises in March’s Budget was that the Chancellor never mentioned inheritance tax (IHT) or expected simplification measures. Before 11 March there had been much speculation that the Budget would introduce a range of changes to IHT. This was more than just the usual press kite-flying, as the Office of Tax Simplification…

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One of the more controversial pension tax rules – the annual allowance taper – was slightly reformed in the Budget.  The annual allowance effectively sets your tax-efficient limit for the total amount of pension contributions that you and your employer can make in a tax year. If the limit is exceeded, then you essentially receive…

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2. The Bank of England base rate is at an all-time low: now could be the time to review your long term financial planning, investments and retirement income.

The Bank of England’s two unscheduled base rate changes in March took interest rates to a new all-time low. The Bank of England’s 0.5% cut in its base rate to 0.25% on Budget Day (11 March) was far from being a complete surprise. The previous week had seen its US counterpart, the Federal Reserve, make…

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Coronavirus has greatly impacted the stock markets, with the UK FTSE 100 and US Dow Jones Index suffering the worst performance since 1987.

The first quarter of 2020 was a traumatic one for investors. 2020 started off well enough. Until the middle of February, most global share markets were flatlining as the year got under way. Then the coronavirus (Covid-19) outbreak suddenly expanded from a localised epidemic in Wuhan into a global issue. The reaction of most major…

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