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Will the first online-only savings bond mean savers will miss out?

The new government-backed savings bond from National Savings & Investment (NS&I) is set to launch in April this year, offering what Chancellor Philip Hammond has described as a ‘market-leading’ interest rate of 2.2% over three years. The bond is also set to become the first savings account offered by NS&I which will only be offered...

We asked one of our Chartered Financial Planners about the use of With Profit funds

How often do you still recommend with-profit policies? With-profit funds are still very much like marmite. Some advisers don’t like them and some do. This is mainly due to the period post 1999/00 when the dot-com bubble crashed and all with profit providers applied MVRs to their funds. I feel these funds and their features...

What does the 25% charge on QROPS transfers mean for your dream to move abroad?

In the Budget, the Chancellor Philip Hammond announced a 25% charge for people moving their pension abroad. If you’re planning to spend your retirement somewhere warmer and sunnier than the UK then the news may have worried you somewhat – will it end up stalling your dreams of life after work spent overseas? The charge...

Women face gender gap in pension contributions as well as pay gap

Whilst the pay gap experienced by women in comparison to men is most likely a problem you’ve heard about, another gender gap has emerged which is just as concerning. Recent figures suggest that, on average, women are receiving smaller pension contributions from their employers than men. Between 2013 and 2016, women benefitted from pension contributions...

April Market Commentary

It’s tempting to think that Brexit is the only story worth reporting: in fact, there was plenty happening in March, from elections in Holland to a rate rise in the US, new growth targets for China and – also in the Chinese capital – a park which spectacularly failed to live up to its name…...

NHS Pension Scheme 2015 – how to buy your way to early retirement

On 1st April 2015, the NHS Pension Scheme (NHSPS) 2015 was introduced. This will be the pension scheme that all new members of the NHS will join. However, some members of the 1995 section and the 2008 section of the old NHSPS will also be moved to the NHSPS 2015, depending on their ages as...

Guide to Spring Budget

The Chancellor of the Exchequer, Philip Hammond, delivered his Spring Budget to Parliament this week. In our guide, we consider the key measures and outcomes and look at the impact on you, your family and your business. You can read the full guide here. The Chancellor resisted making far-reaching tax changes in this last Spring...

Clearmoney Magazine – March/April

Welcome to our latest issue of Clearmoney Magazine, featuring articles written to help you make the most of your hard-earned money and achieve your long-term financial security. Each tax year, we are given an annual Individual Savings Account (ISA) allowance. Anyone wishing to utilise their allowance should do so before the deadline on Wednesday 5...

IR35 is changing from April 6th

IR35, the intermediaries legislation introduced to tackle tax avoidance through personal service companies (PSCs), is set to change this year. Since April 2000 when it was brought in, IR35 has been the cause of much ire for freelancers and contractors, as well as proving difficult for HMRC to police effectively. The changes are hoped to...

How is your business preparing for the digital tax regime?

By now, you’ll undoubtedly be aware of HMRC’s ‘Making Tax Digital’ (MTD) project. The aim of the project is to modernise the entire tax system by requiring all businesses to manage every element of their tax affairs online by 2020. The new system is scheduled to be implemented from April 2019 and will have an...