Investments

Trustee investments...take advice

The role of trustee is not to be undertaken lightly, especially as trustees are personally liable should a beneficiary claim some form of negligence. Trusts are often created as a result of an instruction in a will, especially when someone wants to leave...

ISA changes - It's all change for ISA rules and investment limits

On 19 March 2014 in the Government’s 2014 Budget the Chancellor, George Osborne, surprised the Financial Services industry by announcing major changes to the Individual Savings Account (ISA) rules.  It was announced that ISAs would be reformed...

Growing and protecting your money - free seminar

If you are looking for good ideas about how to invest and grow your money, Birkett Long, legal and independent financial services firm, is staging a free seminar in Colchester and Stock. Paul Chilver, a financial planner with the firm, says people...

Growing and protecting your money

With the Bank of England base interest rate held at a record low level of 0.5% for over four years, bank and building society savings account interest rates remain unattractive. Investors with bank and building society Cash Individual Savings Accounts...

Lower Risk Investment Opportunities

With the Bank of England base interest rate being held at a record low level of 0.5% for over four years, bank and building society savings account interest rates remain unattractive. Investors with bank and building society Cash Individual Savings Accounts...

The financial jigsaw - putting the pieces together

During 2012, Britain slipped into the first double-dip recession since the 1970s – a time which saw a period of economic stagnation throughout much of the Western world – and at the time of writing, fears grow of a triple-dip recession with a...

Invest in your future with help from an expert panel

Seasoned and potential investors looking for investment opportunities and financial advice will benefit from the knowledge of a panel of experts at a free event run by Legal and Independent financial advisers Birkett Long in February. ‘The financial...

Action for the start of new 2012/2013 tax year commencing 6 April 2012

Mike Cracknell from Birkett Long examines how you can make the most of tax efficient financial planning opportunities before the current tax year ends on 5 April 2012 and the new year commences 6 April 2012. 1. Make the most of Individual Savings Accounts...

EIS and VCT

One of the negatives for pension savers is the new annual £50,000 limit on contributions, and this is already causing high earners to look for alternative forms of tax-efficient investment, such as Enterprise Investment Schemes (‘EIS’),...

Junior ISAs - April update

The Treasury has announced that the successor scheme to Child Trust Funds (‘CTFs’), dubbed Junior ISAs, will be available in November 2011 and will have an annual contribution limit of £3,000. Also that the investment limit for existing...

Tax planning in general terms applicable to 2011

Employers should utilise salary sacrifice for their employees making pension contributions to an employer's pension scheme to contra rises in both the rate of Primary and Secondary Class 1 National Insurance. Third party pension contributions - this...

Action before tax year end 5 April 2011

For individuals with a "relevant income" of £130,000 or more (i.e. effected by the "anti-forestalling rules") for the 2010/2011 tax year, to make gross pension contributions to the value of £20,000 or £30,000, as...

Venture Capital Trusts

Interest in Venture Capital Trusts ('VCTs') has been subdued for the past couple of years. Investors have fretted about the global economy and managers have preferred to sit on cash, the return on which has usually been lower than their costs. However,...

ISA limits increased

The Government has announced that the annual ISA investment limit will be increased from £10,200 to £10,680 with effect from 6 April 2011. For a couple, this means that £21,360 can be invested with no tax on dividends or interest, no...

Junior ISAs

Following the demise of Child Trust Funds (‘CTFs’), the Government has announced that an alternative tax-free savings plan for children is to be introduced, which has been dubbed the Junior ISA. The new product will be available from the Autumn...

Careful Planning - New Tax Laws

Those with taxable income in excess of £100,000 per annum face a significant increase in personal taxation as from 6 April 2010. An individual’s Personal Allowance (£6,475 – 2010/11) will be reduced by £1 for every £2 of...

Top Tax Tips

The current 2008/09 tax year will be remembered for an unprecedented series of financial and economic events. With Bank solvencies, cash flow and in some instances merely financial survival in the foremost thoughts of many, it is more important than ever to...