7Mar, 2014

Venture Capital Trusts (VCTs)/Enterprise Investment Trusts (EISs)

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In such an oppressive financial environment in terms of the tax and national insurance burden, it is important for advisers and accountants to ensure that clients are aware of how they can mitigate their liability whilst maximising income and investment returns. VCTs and EISs have, hitherto, been perceived as offering a high degree of investor risk in return for the tax breaks but, through Chantler Kent Investments, we can now provide investors keen to mitigate their tax liability the benefits of a VCT or EIS, with a number of discrete […]
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7Mar, 2014

New ISAs

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The New ISA (NISA) limits are being increased to £15,000pa from July. This is a welcome change allowing couples to shelter up to £30,000pa plus a further £4000 per child into a Junior ISA or Child Trust Fund. It is especially beneficial for those who are being hit by the restrictive pensions rules already referred to. Savers in JISAs and CTFs should appreciate that the money is the child’s at 18 and they may not share their parents’ ideas as to what it might be best spent on! It should […]
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7Mar, 2014

Disappointed?

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Unhappy with the performance or return on your investment? There may be a sound reason for the apparent poor performance of your pension or investment but that doesn’t mean we cannot address the problem. Does the pension or investment match your attitude to risk? Can you move the funds to suit changing economic and personal circumstances? Some self-select and on line facilities permit this but usually they rely on you making the decisions, which is why they are ‘cheap’! Can you really trust yourself to do this? Do you honestly […]
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7Mar, 2014

Pension Surcharge

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The Lifetime Allowance reduced from £1.5 million to £1.25 million on 6th April 2014. For those of you that have been in the NHS scheme for some time and with significant pensionable earnings, there is a real possibility that the Lifetime Allowance will be exceeded. For those of you that are close to the lifetime limit, you may have registered for ‘Fixed Protection’ before April 2014. Fixed protection is only effective if any further accrual is within statutory limits which, for the NHS scheme, is effectively an increase in pensionable […]
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7Mar, 2014

With Profits Plans

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The annuity issue is actually only one problem for pension savers. In fact, there are several issues with which savers and their advisers should be concerned. Steve Webb, the pensions minister, is currently instigating a review on pension charges, looking at older pension contracts with annual management charges that can be as high as 2.3%. In addition to this, where charges are not transparent, the additional issue of poor annual bonus rates payable on With Profits plans. A headline in the Money Mail on February 26th referred to ‘With-Profits plan […]
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7Mar, 2014

Rip Off! What Rip Off?

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I have a veritable library of financial articles and it is quite amusing to look back at what was written years, months and even just a few days ago. One I have been sitting on is from The Telegraph dated last November and asks ‘What about annuity rip–offs, minister?’. The speed with which events outside our control can impact upon us is sometimes quite breathtaking and often they are to our disadvantage. Events such as the Russian annexing of Crimea can have a sudden and dramatic impact upon global economies […]
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