According to research from Fidelity 91% of Britons admit they do not understand Capital Gains Tax (CGT) and only 6% could identify the correct annual ‘tax-free’ allowance. Given the few tax concessions on offer it’s important that people consider using their CGT allowance. It could save you up to £5,100...
Today's headline of the day comes from the Daily Telegraph. The article reports how property prices in China have hit record levels fuelling concerns of a bubble forming which could ultimately burst.
Today I thought I’d bring you some interesting graphics from Citywire. The graphics are based on a survey of 91 wealth managers and make interesting reading if you are trying to decide where to invest your cash over the next 12 months:
Pensions offer a tax efficient way to invest for your retirement. Not only do the funds within a pension grow free of any income or capital gains tax but any contributions you make into the plan receive income tax relief at your highest marginal rate.
Happy new tax year! The arrival of the new tax year means some big changes to the nation's personal finances, most notably the introduction of the 50% income tax band for top earners. The BBC have pulled together the changes in a neat table which I have included below.
Inflation is the enemy of savers and anyone on a fixed income. In today’s low interest world where the general consensus is that inflation could soon gate crash and spoil the party...
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