Author: clientsfirst

ERNIE turns 60!

The first premium bond was sold on 1st November 1956, with £5 million worth of premium bonds sold on the first day alone. There are now 21 million people holding more than £63 billion in premium bonds, proving that they are still a popular form of investment. The first draw was held on 1st June...

July Market Commentary

July Market Commentary This time last month David Cameron was firmly in place as UK Prime Minister, facing the equally secure Jeremy Corbyn across the despatch box. Both of them were backing Remain in the forthcoming EU Referendum and – despite the occasional flurry of support for Leave – the UK looked set to stay...

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

Pension tax changes: Should you pay more before relief rates are curtailed?

Given recent comment from George Osborne, and mentions of the same during the Autumn Statement, it appears as though pension tax is set for a shake-up in 2016. With that in mind, there appears to be a potential opportunity for higher-rate taxpayers to make the most of their savings while the good times last. Though...

The Autumn Statement – local impact on local people

The latest budget pronouncements by the Chancellor in his 2015 Autumn Statement may accelerate increases in local council taxes over the next few years, for both homeowners and businesses. The Chancellor acknowledged the pressure on the social care system and therefore resolved to give local councils the power to increase social care funding through a...

Autumn Statement spelling out clear policy messages

According to George Osborne’s Autumn Statement and Spending Review, we all look set to face a galvanised HMRC, with an increased war chest for tackling tax evasion and avoidance. The Chancellor believes £5bn of additional revenue is expected to be raised by his new range of initiatives. Measures are planned to introduce new penalties for...

New Digital Tax Accounts are coming…

Information in the Autumn Statement indicates that by 2020 individual taxpayers may be expected to report and pay their liabilities every quarter via their new digital tax accounts. The Chancellor promised an injection of £1.3bn to deliver, “the most digitally advanced tax administration in the world” by 2020. The new Digital Tax Accounts (DTAs) will...

December Market Commentary

November brought us the Chancellor’s Autumn Statement and Spending Review in the UK – and rather more tragic events abroad. Friday November 13th saw the massacre in Paris, which was inevitably followed by an escalation in the bombing of ISIS in Syria. World stock markets inevitably fell in the wake of the Paris attacks, but...

June Market Commentary

It now seems hard to remember, but this time last month the UK was only a week away from a General Election – an election that was the most difficult to predict in a generation. The pundits were unanimous: the Election would certainly lead to a hung parliament. There would be weeks of wrangling and...

A Guide to the Budget 2015

In his final Budget before May’s general election, the Chancellor of the Exchequer, George Osborne, announced tax cuts for first-time buyers, workers and savers, and claimed Britain was ‘walking tall again’ after five years of austerity. In our Budget 2015 Summary, we have provided information about the key announcements but primarily look at the main areas around financial planning. Please click here or on the...