Month: September 2019

275 – A BUMPY RIDE FOR AUGUST ON THE MARKETS

Stock markets, as well as some family holidaymakers, experienced a roller coaster August. The traditional holiday month proved to be anything but quiet on the world’s investment markets. Inevitably the downward trends attracted more attention, particularly the fall in US share values on 13 August. “Dow drops 800 points” is a headline that newspaper editors…

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274 – MONEY PURCHASE ANNUAL ALLOWANCE PENALTIES

A Freedom of Information (FoI) request has revealed a gap in HMRC’s knowledge about how many people have been hit with penalties around the annual allowance. The annual allowance, which effectively sets the tax-efficient ceiling on annual pension contributions, used to be a subject of little interest, even among pension professionals. When it started life…

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