Summary of the 2024 Budget Pensions To be brought into your estate from April 2027. Depending on your personal circumstances this could mean a tax bill of 40% on your pension. Inheritance tax Nil rate band frozen until 2030 – currently £325,000 plus £175,000 if you own a property and are leaving it to [...]
By Rachel Efetha, Chartered Financial Planner. What are Enterprise Investment Schemes? The Enterprise Investment Scheme (EIS) is a UK government initiative designed to encourage investment in small, early-stage companies by offering tax benefits to investors. Here’s a simple explanation of its key benefits: Income Tax Relief: If you invest in an EIS-qualifying company, you [...]
By Caroline Anstee, Managing Director of Anstee & Co. The new Labour Government announced the autumn budget on Wednesday the 30th of October 2024. Since then there has been much speculation and we have seen the cut in the winter fuel payment, now means tested, which was a bit of a shock. The recent [...]
By Rachel Efetha, Chartered Financial Planner. The Alternative Investment Market (AIM) is a part of the London Stock Exchange that helps smaller or growing companies raise money by selling shares to investors. It’s designed to be more flexible and less strict than the main stock market, so businesses that might not yet be big [...]
A recent survey undertaken by Wesleyan Financial Services highlighted that over three-quarters (78%) of UK adults are still unaware of the new Individual Saving Account (ISA) rule changes that are set to come into effect in April 2024. The rule changes, announced by the Chancellor in his autumn statement, are designed to simplify the [...]
Venture Capital Trusts (VCTs) are investment companies that are listed on the London Stock Exchange and are run by a Fund Manager. They offer investors the chance to invest in small firms, not quoted on the stock exchange, who are looking for further investment to help them grow. A VCT, is highly tax-efficient, as the [...]
By Rachel Efetha, Chartered Financial Planner with Anstee & Co. Having just had the Chinese New Year on Saturday 25th January, the festival traditionally will last to February 8th, about 15 days in total. The dates change every year because the festival is based on the Chinese Lunar Calendar. This calendar is associated with the [...]
There are many ways to reduce your capital gains tax (CGT) liability. In this article, we will look at some of the most common options available to you. Make the most of your £12,000 (2019/20) annual CGT exemption. A "reported loss" on a "chargeable asset" can be deducted from the capital gains you made in [...]
I am often asked about Enterprise Investment Scheme (EIS). Often people are aware that they are a way of saving tax but are not sure if they are right for them. So here is a simple, straightforward guide. The Enterprise Investment Scheme is a tax- efficient investment that was introduced by the Government back in [...]
Should they be included in your retirement portfolio? As retirement planning becomes increasingly more complicated, holding Venture Capital Trusts (VCT's) or Enterprise Investment Schemes (EIS's) in your portfolio may prove beneficial. Venture Capital Trusts. VCTs are companies that are listed on the London Stock Exchange. They are run by a fund manager and aim to [...]
