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 moreWith Brexit now less than a year away, how insular are your investments? Brexit - or more accurately the start of the transition/implementation period of the UK leaving the EU - begins on 29 March 2019. By the end of the following year, the UK's remaining links to the EU are due to be cut.…
Read moreIt 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 moreImportant 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 moreThe Chancellor's Spring Statement on 13 March was, as promised, a low-key event. Last autumn, Mr Hammond announced he would have only one 'fiscal event' each year - an autumn Budget. The Spring Statement would become a response to revised projections from the Office for Budget Responsibility (OBR). The Treasury has had to provide an…
Read moreThere 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 moreGood 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 moreYou 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 moreThe 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 moreThe 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 moreThe 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 moreMost people wait until they accumulate wealth or enter the winter of their life before considering doing their will’s but in reality you should regard the importance of writing a will as essential as soon as you become a parent. In the event where both parents were to pass at the same time or more…
Read moreAn HMRC paper promised in the Budget could be bad news if you use Airbnb. The government has set out a call for evidence relating to rent-a-room relief in response to the rise in short term rentals facilitated by Airbnb and its competitors. Rent-a-room relief is typical of some of the neglected parts of the…
Read morePPM would like to welcome Emma Green to the team as their Client Review Manager. 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…
Read moreI would like to introduce myself as the new mortgage adviser for PPM, I am Laura Lowndes and have been working for Pryor Portfolio Management for 18 months and qualified as a mortgage adviser in August 2017. I would like to take this opportunity of offering yourselves, family members or friends a free mortgage review.…
Read moreWith the rise in interest rates recently, there is no time like the present to review your mortgage? With another rate rise predicted for the near future, reviewing your mortgage could be as important as ever. In reviewing your mortgage, there is a good chance that I will be able to save you money on…
Read morePPM would like to wish you all a very peaceful and happy Christmas. From all the staff at PPM 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…
Read moreThe long-running saga of the final spring Budget and subsequent Finance Bills is one step nearer the end. The Chancellor’s spring Budget was thrown into disarray by the snap election. It was billed as the last spring Budget, since from now on all Budgets will be autumn events. However, only about a fifth of the…
Read morePension flexibility two years on – the report card The Financial Conduct Authority (FCA) has examined the impact of pension flexibility and is worried about the lack of advice. Pension flexibility came into effect in April 2015. In theory, since then it has been possible from age 55 onwards to withdraw your entire money purchase…
Read moreThe government has announced plans for a further increase in state pension age. On the day before Parliament shut up shop for its summer holidays, David Gauke, the Secretary of State for Work and Pensions, announced that the government had decided state pension age (SPA) should be increased to 68 between April 2037 and April…
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