Month: May 2018

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…

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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…

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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…

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