‘Wealth Management’ Archives
Commission Based IFA Fees To Stop January 2013
New rules governing commission based IFA fees ( independent Financial Advisors) from January 2013 will start in a new system, known as the Retail Distribution Review. All new IFA’s wil be part of the changed system which will mean you’ll have to agree any fees [Read More]
Offshore Bank Accounts Targeted By HMRC For Tax Evasion
It was revealed last year that the HMRC launched a nationwide programme to target UK taxpayers who have European offshore bank accounts for the sole purpose of pursuing them for unpaid taxes on the interest earned on their capital. The main aim of the campaign by HMRC is to [Read More]
QNUPS Guides And Advice For Expats Cause Confusion
QNUPS guides and advice from IFA’s and specialists is causing confusion for expats using the scheme. Sudden recent changes to QROPS pension planning has made financial advisers cautious in choice of jurisdiction, and as to the benefits that QNUPS may offer. QNUPS was [Read More]
QROPS Pension Changes And Alternatives
Recent QROPS pension changes has meant that over 300 pension schemes which are based in Guernsey have been suspended by the government. This move has caused a shock wave within the offshore pension industry. QROPS pension changes in Guernsey mean that after April 6th 2012 [Read More]
How To Stop The Budget Tax Raid On Pensions
Many political pundits believe that the next budget will include a tax raid on pensions. Danny Alexander, has commented that he wants the higher-rate tax relief to be scrapped, saving the government £7billion. This means that private pension savers would get relief at the [Read More]
HMRC Business Tax Checks Pilot Extended
Recently announced is the intention to extend a pilot scheme from the HMRC for business tax record checks on missing tax from contractors who work via limited companies. The Tax man Is Coming The HMRC are seeking to plug a ‘tax gap’ of an estimated £35 [Read More]
Irish Move Abroad For Jobs
Many of the expat forums and news sites are reporting that Irish nationals are moving abroad in much greater numbers due to the flagging economy in Ireland. The UK alone sees around 1000 Irish workers per month arriving to seek employment. Many already have jobs lined up [Read More]
Three Rules For Investing Control
When starting out investing yourself rather than using a fund manager to do it for you, there are three basic rules to follow which we will talk about here. The rules are there to help curb any emotional reaction to trades. Barclays Wealth Report A recent survey report from [Read More]
The Small Self Administered Scheme Tax Saving Nugget
Ever heard of a SSAS or Small Self Administered Scheme for saving tax via pensions? This is no ordinary pension plan. It can be a very efficient vehicle for pension planning and huge tax saving together with a very effective way to transfer a family company from the older [Read More]
How SIPP Pensions Work
Before investing in a SIPP for your pension it’s important to understand how they work. SIPPs , or self invested personal pensions, were introduced around 20 years ago so that investors could have a choice about where and how to invest money for their personal [Read More]
