HMRC have recently admitted that over 200,000 parents receiving Child Benefit could be forgoing part of their future entitlement to State Pension.
Temporary increase in the Annual Investment Allowance (AIA), beware the transitional rules, and get the timing right to maximise the AIA available.
Most people know of the high-profile employee owned companies like Lush and the John Lewis Partnership. Following new tax incentives introduced in 2014 by the government there has been a steady rise in employee owned companies and it is being used as an alternative solution to a trade sale or management buyout, to provide an exit for business owners.
You may notice that there has been a recent change to the government gateway account as below – please be assured this is appearing automatically on every VAT gateway account and not an indication that you have been signed up to the MTD for VAT pilot scheme.
These could include investment portfolios or holdings in pooled investment funds. Such assets may deliver an invaluable income stream to help further your charitable aims and objectives particularly in an era of low interest rates available from cash deposits.
Life expectancies are now much higher compared to previous generations; it is widely acknowledged that more of us will need care in our later years. The idea of ‘it will never happen to me’ is quickly evaporating and I would ask you to consider for a moment those you know who are currently in receipt of care.
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