Month: March 2016

Saving for a jigsaw

In April last year, the pension freedoms introduced flexibility around pension income withdrawal. This was seen as a massive positive within the retirement industry. However in April 2016, the lifetime allowance will drop to £1m. A wide variety of tax-free investments play their part in the tax-free saving jigsaw for private clients. We spoke to...

Are your financial plans still on track after the Budget 2016?

Chancellor of the Exchequer George Osborne delivered his eighth Budget speech on Wednesday 16 March, his third in 12 months. In our summary of the key announcements, we consider how they could impact on your finances today and in future years to come. Download our full guide here. There are likely to have been a...

Budget 2016: How might you be affected?

We’ve provided a brief summary of the key changes announced in the Budget this week by the Chancellor, to help you get to grips with how you might be affected. Our summary We spoke to IFA Magazine to give our views on this budget, which on the face of it, is looking better for low...

Budget 2016: Our reaction

Yesterday we spoke to IFA Magazine about what the day’s Budget announcement would mean for both businesses and individuals. On the face of it, the Budget is looking better for low and mid-income families. The personal allowance is increasing to £11,500 from April 2017 and the threshold for higher rate tax has increased from £42,385 to...

Budget 2016: What’s going on in the Chancellor’s mind?

As we await the Chancellor’s Budget today, here’s an idea of what we can expect, from the BBC’s Political Correspondent, Ross Hawkins. Click here for more… Do feel free to get in touch with us directly if you have any questions around this topic. T:02892 605 088  |  E: info@fairstoneni.co.uk

Getting your affairs and wills in order

Estate Planning- Wills A story recently published in the New York Times highlighted an issue which often comes to light when people die – no matter where you live. It’s an issue that all too often we come across as financial advisers, and one which can be avoided by preparing now for the unavoidable event...

March Market Commentary

February was another month where the problem for this commentary was what to leave out: the world is not short of ‘events’ at the moment. In the Far East, North Korea successfully fired a long range rocket, causing consternation in Tokyo and Seoul. Closer to home, David Cameron returned from Brussels with his deal on...

Changes to Tax Relief for Pension Contributions?

After several years of speculation, according to a recent BT Home article, fears are growing that Chancellor George Osborne is finally poised to take away higher-rate tax relief for pension contributions. If this is the case, then the vital cut-off date for investors could well be Wednesday 16th March – the day of his next...

Don’t forget, from April 2016 the annual allowance tapered reduction begins

Think back to the Chancellor’s budget proposals in July last year, and you may remember an announcement about changes to the annual pension allowance. Well, that change is set to come into effect at the start of the new tax year on 6th April 2016. It therefore seems like a good idea for a bit...

Use it or lose it time for your ISA

As the end of the financial year draws ever closer, it’s important not to forget about any ISAs (Individual Savings Accounts) you have and any remaining payments that you’re allowed to make. The maximum allowance for ISAs for the 2015/16 financial year is £15,240, so it’s important that you invest any funds that you have...