Month: April 2016

Fairstone Group announces £25 million cash injection

FA consolidator Fairstone has secured a multi-million pound investment from private equity firm Synova Capital. Synova has become the lead investor in Fairstone by providing an initial capital injection of £25m as part of the deal, with more cash available in the future. The transaction means several early stage shareholders in Fairstone have realised their...

Tax Planning: Four ways to give money to your children now

When it comes to tax planning, there are some very sensible ways of giving money to young people, and you may get a government top-up. Wanting to pass on your wealth to your children is a “most basic, human and natural instinct”, according to the prime minister. Using legitimate tax planning to minimise your heirs’ inheritance-tax...

Clearmoney Magazine – navigating uncharted waters

Will the new tax year affect your financial position? Check out the latest edition of the Fairstone Clearmoney magazine for more on tax planning, the new pension reforms and all the latest investment news from China. Click here to read the publication online. If you have any queries or questions about any of the issues...

The Lifetime ISA: What you need to know

Amongst the key announcements that came from the Budget was the introduction of a new ‘Lifetime ISA.’ By far the most attractive feature of this new form of savings account is that contributions every year will receive a healthy 25% bonus from the government. As the maximum annual contribution amount will initially be set at £4,000,...

Tax cuts now, payback later – what will the Budget of 2019 look like?

The Chancellor will need to reduce borrowing by £32bn in 2019-20 – the biggest ever annual cash consolidation – in order to meet his Budget surplus target by the end of parliament, according to a new post-Budget briefing report published by the Resolution Foundation. The Foundation’s post-Budget report shows how the Chancellor has chosen to...

Retirement plans on hold for many over 50s

A third of people aged over 50 who are employed in the private sector are now planning to retire later than they previously hoped, Aviva’s latest Working Lives report reveals. The 2016 report – which comprises research among UK private sector employers and employees – has a particular focus on employees aged over 50, following...

April’s Market Commentary

Another month, another dire warning from the economic great and good. Read our full April market commentary below for more information on the latest developments throughout March. Introduction In March it was the International Monetary Fund’s turn to warn that the world faces ‘economic derailment.’ As always, the blame was laid firmly at the door...