We caught up with Catherine Bond of Blue Peak Consulting, one of our Associated Professionals, about the tax changes relating to rental property. Catherine explained: “If you have a rental property, HMRC are further restricting the percentage of your finance costs that are deductible from the rental income. From 6 April 2019, any higher rate relief will be…
Market update 1st April 2019
Despite being granted a short delay before the UK leaves the European Union, Theresa May lost the third meaningful vote on her Withdrawal Agreement in the House of Commons resulting in continued uncertainty around the UK’s exit. We are now due to leave on 12 April which is the d, being the date of the…
Marc Sullivan attains SOLLA accreditation
We are delighted to share that Marc has qualified as an accredited member of the Society of Later Life Advisers (SOLLA). SOLLA helps people and their families finding accredited financial planners who understand the financial needs of people in later life. Accredited advisers have demonstrated that they can provide the required financial advice for individuals…
Key tax allowances for the 2019/20 tax year
Some of the key tax allowances for the 2019/20 tax year, relating to personal financial planning, are: The individual personal allowance rises to £12,500. Higher rate tax threshold increases to £50,000. Annual Capital gains tax allowance increases to £12,000. The Individual Savings Account (ISA) contribution limit remains at £20,000. For Junior ISA’s the allowance is increasing…
Market update for February 2019
Market news for February 2019 UK news continues to focus on Brexit as we approach 29 March, which is the date we are due to leave the European Union. Fortunately, the rest of the world continues largely unaffected. Despite the reportedly failed summit meeting between the United States (US) and North Korea, there is hope in…
Natasha passes her first financial services exam
Congratulations to Natasha for passing her first exam, the Chartered Insurance Institute (CII) Financial services, Regulation and Ethics examination. This is a fantastic achievement as Natasha has only been with us for 3 months and the result is a reflection of her hard work and determination to be a successful Wealth Manager the future.
Free Will writing service from Bequeathed.org
We have been introduced to a free online Will writing service www.bequeathed.org We have tried it out and if a standard Will is required, it appears to be relatively straight forward to use. The service is supported by charities and solicitors who pay subscription fees which fund the free Will writing facility. The online questionnaire…
Investing into Venture Capital Trusts and Enterprise Investment Scheme’s
Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EISs) were introduced by the government in the mid 1990’s to encourage investment into new business start-ups or those in the early stages of their development. The thought behind them was to raise private capital for smaller companies in order to stimulate the overall economy, as the…
Pension Death Benefits – What happens to your pension when you die?
Before the changes to pension rules in April 2015, only a dependant of the pension plan holder could receive a drawdown pension on the plan holder’s death. Since April 2015 however, a nominee can also now receive a drawdown pension called Nominee Flexi-Access Drawdown. What’s more, on the nominee’s death, a successor (or successors) can…
Supporting the Bliss charity in 2019
Supporting the Bliss charity in 2019 The Essential Wealth Management chosen charity for 2019 is the Bliss charity. Bliss’ vision is that every baby born premature or sick in the UK, has the best chance of survival and quality of life. The Essential Wealth team have signed up to complete a Tough Mudder event on…
