The “New” Individual Savings Accounts (NISA’s) and what they mean for you
May 15, 2014
There is good news for savers when, from 1 July 2014, the annual limit on ISA investments will rise to £15,000. At the same time, the scheme will be renamed the New ISA or NISA and investments may be made in, or transferred between, Cash and Stocks and Shares NISAs in whatever proportions the investor chooses. For example, the whole £15,000 subscription for 2014/15 may be placed in a Cash NISA, or savings previously accumulated in a Stocks and Shares ISA may be transferred to a Cash NISA.
The impact of petrol prices on the UK recovery
April 24, 2014
The UK has the highest petrol pump prices of any major world economy, inevitably hitting businesses hard as they struggle to pull out of recession. Research by our firm has highlighted that the UK levies taxes of 59% on diesel, which is the highest in any major economy, and 60%* on petrol – the third highest. This is considerably more than other major developed economies such as the United States, Canada and Australia.
The UK tops the league for the highest inheritance and estate taxes amongst European and other major economies
April 4, 2014
Taxpayers in European countries are paying considerably more in inheritance and estate taxes than many other major economies and those in the UK is pay the most overall. These taxes are often the focus of political debate because they are seen by many as discouraging wealth creation. Many emerging economies, including China, India and Russia do not levy any estate or inheritance taxes at all.
How to create happiness by giving people their own money back!
April 2, 2014
One of the most startling changes to be announced in the recent budget was the proposal that, from 6 April 2015, pensioners will be able to draw down their entire pension fund and reinvest it, or spend it, rather than being obliged to purchase a life annuity. For those of us who are not many years from retirement, and who have pondered on how they might beat the system by enjoying the use of the whole of their funds before they die, this is a great relief, There is little doubt that the good feeling that this will generate among a large number of older voters will benefit the Conservatives in an election year.