Our News

PPM – Autumn 2018 Newsletter

Please see attached our Autumn 2018 Newsletter. Pryor Portfolio Management - Autumn The contents of this article is for information purposes only and represent the opinion of Pryor Portfolio Management Limited only. No action should be taken on the basis of this article alone. We always recommend you seek more detailed independent financial advice before…

Read more

Do you have a spare £230,000?

Financing a child’s path to adulthood is a serious commitment for parents. Any new parent will tell you a child is expensive from the outset: there is so much to be bought to cater for a new member of the family. But this is just the first step of many building up to a child’s…

Read more

A REFUND FOR POWER OF ATTORNEY

You may be due a refund if you have registered a power of attorney in recent years. It is not often the government offers a refund because of overcharging, but last month it emerged that the Office of the Public Guardian (OPG) had been levying excessive fees for four years. The fees related to the…

Read more

A review due on how savings are taxed.

The way savings are taxed is being reviewed by the Office of Tax Simplification (OTS). The OTS is looking at the way in which savings and investment income is taxed, which can be very complicated. According to its paper, published in May 2018, “the interactions between the [tax] rates and allowances is sufficiently complex at…

Read more

Pension transfer advice in demand

Transfers out of private sector final salaries boomed in 2017. There was a dramatic increase in the value of number of transfers out of defined benefit (usually final salary) pension schemes in 2017. A recent Freedom of Information (FoI) request to the Financial Conduct Authority (FCA) revealed that the £20,800 million was transferred last year,…

Read more

Interest rates will rise………but when?

The Bank of England did not raise interest rates in May, despite earlier suggestions that it would. About four years ago a member of the Treasury Select Committee compared Mark Carney, the Governor of the Bank of England, to “an unreliable boyfriend”. The remark was prompted by Mr Carney’s record of talking about future interest…

Read more

Question : Which age group pays most tax?

A new report has proposed taxing the baby boomers to help resolve major issues around intergenerational fairness. The report, published by the Intergenerational Commission in May, offers ten policy recommendations which would represent a radical overhaul of the UK tax system. Examples include replacing inheritance tax with “a lifetime receipts tax that is levied on…

Read more

PPM – Summer Newsletter

Please see attached our Summer 2018 Newsletter. PryorPortfolioManagement Summer18FinancialFocusNewsletter2 The contents of this article is for information purposes only and represent the opinion of Pryor Portfolio Management Limited only. No action should be taken on the basis of this article alone. We always recommend you seek more detailed independent financial advice before taking action -…

Read more

HOW USEFUL IS THE DOW?

The Dow Jones industrial Average - the Dow - is a well-known part of the investment market, often quoted by news sources. But what does it mean, and is it useful when making investment decisions? The Dow was created in 1896, and is arguably still used today mainly thanks to history or habit. There are…

Read more

GET YOUR TAX RETURN OFF THE TO DO LIST!

HMRC is starting the tax year with their annual reminder to submit your tax return. HMRC's reminder might seem early, but its statistics show that 750,000 people (6.5%) missed the deadline for 2016/17, potentially facing an immediate £100 penalty, even if they had no outstanding tax to pay. Anyone with a 2016/17 return still outstanding…

Read more

WHAT DOES A £1 MILLION PENSION BUY?

It is worth looking at what your pension pot could buy for your retirement. The importance of pension contributions has been bolstered by the rollout of auto-enrolment pension schemes. However, it is not as clear what your savings will give you when you come to retire. For example, Louise, a healthy, non-smoking 65-year-old, reaches retirement…

Read more

NEW RISK CRITERIA FOR VENTURE CAPITAL TRUSTS

Important changes for Venture Capital Schemes and enterprise investment have recently come into effect. New 'risk-to-capital' conditions apply to investments in venture capital trusts (VCTs), enterprise investment schemes (EISs) and seed enterprise investment schemes (SEISs). The changes took effect on 15 March 2018, when the Finance Act 2018 received Royal Assent. Broadly speaking, an EIS…

Read more

THE EARLY BIRD CATCHES THE 18/19 ISA NOW

There are advantages to planning your ISA investments around the start of the tax year. With ISAs all the taxation benefits occur afterinvestment is made, yet the focus is often on year-end contributions. Various articles on ISAs filled the weekend press in March, and are set to re-emerge like a financial sign of spring in…

Read more

Happy New Tax Year

Good Morning. Please find attached a document you may find useful with all the headline tax changes for 2018/19. If you would like a copy of our more comprehensive tax guide for 2018/19 then drop us a line! Tax tables 18-19 The contents of this article is for information purposes only and represent the opinion…

Read more

NEW TAX YEAR – NEW RULES!

The start of the new tax year on 6 April marks several changes to tax and related matters that could make you richer... or poorer. The absence of a Spring Budget does not mean that the usual raft of changes at the start of the new tax year have disappeared. Most of the important changes…

Read more

INHERITANCE RULES IMPROVE FOR ISA’s

The rules for inheriting ISA's will change from 6 April. It was announced by George Osborne in 2014 that ISA's would become inheritable by surviving spouses and civil partners. At the time, nobody - not even the Treasury - was clear what the then chancellor meant. The plans for ISA 'inheritance', when they eventually emerged,…

Read more

Automatic Enrolment – The next steps

The next steps in automatic enrolment The government has published a review on automatic enrolment in workplace pensions which makes important proposals for employers. Automatic enrolment of employees in workplace pensions has been a greater success than many predicted when it was introduced in October 2012. To date over nine million employees have been automatically…

Read more