Capital Gains Tax | Independent Financial Advice Service, Pensions and Investment Portfolio Advisers

June 2010 budget – Women hit for 70% of tax cuts, says Cooper

Wednesday, July 7th, 2010

In a gender analysis of the June 2010 budget, Shadow Welfare Secretary Yvette Cooper claims that 70% of tax cuts will hit women only.
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Tags: Budget June 2010, Capital Gains Tax, Child Trust Funds, Financial Planning, Pensions
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June 2010 Budget – Principle First’s Budget Roundup

Tuesday, June 22nd, 2010

June 2010 Budget - Principle First's Budget Roundup

Chancellor George Osborne called it ‘the unavoidable budget’ but promised there would be no small print in his plan to clear the government’s budget deficit of £155bn over the next 4 years. Here is our summary of the June 2010 budget in easy to read points. Click headline above

Tags: Basic State Pension, Best UK ISA Funds, Capital Gains Tax, Certified Financial Planner, Free Banking, Income Tax, Maximum Pension Contribution, Pension Transfers, Pensions, Repossessed Spanish Property, Tax
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June 2010 Budget Changes – Capital Gains Tax hike to 28%

Tuesday, June 22nd, 2010

As part of today’s June 2010 budget changes, the Chancellor George Osborne has announced an increase in Capital Gains Tax for higher earners from 18% to 28%, effective from midnight tonight. This will relate to higher earners who earn more than £44,875 (i.e. who have taxable income of more than £37,400). For those paying the basic rate [...]

Tags: Capital Gains Tax, Certified Financial Planner, Critical Illness Insurance, Efficient Tax Planning, Occupational Pension Scheme, Office of Fair Trading, Pension Transfers, Retirement Pension, Retirement Planning, Tax
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June 2010 Budget changes set to increase Income Tax allowance by £1000

Tuesday, June 22nd, 2010

Today’s June 2010 budget changes should include an increase of £1,000 in the personal Income Tax allowance for basic rate taxpayers. This increase in Income Tax allowance means that all those earning up to £37,400 will have their tax-free Income Tax personal allowance increased by 15.4%, from £6,475 to £7,475.

Tags: BBC, Best UK Mortgage Deals, Budget, Budget June 2010, Capital Gains Tax, Certified Financial Planner, Free Banking, Income Tax, Income Tax Allowances, Pension Transfers, Personal Tax, Repossessed Spanish Property, State Pension, Tax
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Budget Proposals justified – low Capital Gains Tax costs £1bn, says Cameron

Thursday, June 17th, 2010

Those who turn income into capital cost state £1bn in lost taxes, says the Prime Minister. This would include those whose salary/benefits package includes shares, the sale of which allows them to use their CGT allowances.

Tags: Budget, Capital Gains Tax, Certified Financial Planner, Enterprise Investment Schemes, Financial Planning, NAEA, Reclaim Capital Gains Tax, Reclaim Tax, Repossessed Spanish Property, Stakeholders Pension
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Budget Proposals will affect Pensions, Savings and Tax. What's going down on 22nd June ?

Wednesday, June 16th, 2010

Budget Proposals for Pensions, Savings and Tax. What's going down on 22nd June ?

Budget proposals for June 22nd include changes to pensions, Income Tax, and Capital Gains Tax. They could also open up valuable investment opportunites in both Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EISs). How will the government cuts affect you? Click this headline to read all about it

Tags: Basic State Pension, Best UK ISA Funds, Capital Gains Tax, Certified Financial Planner, First Time Buyer Mortgage, First Time Buyer Mortgages, IHT, IHT Planning, Maximum Pension Contribution, NAEA, National Association of Pension Funds NAPF, Pension Savings, Pensions, Pensions Annuities, Professor David MacKay, Reclaim Capital Gains Tax, Reclaim Income Tax, Repossessed Spanish Property, Venture Capital Trusts
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British Chambers criticise budget proposals for world’s highest Capital Gains Tax

Wednesday, June 16th, 2010

Budget proposals to raise the 18% Capital Gains Tax to a possible 40% or more would give the UK the highest level of Capital Gains Tax in the world. This will inevitably discourage investors, say the British Chambers of Commerce. Click headline to read more.

Tags: Advice On Investments, Barclays, Capital Gains Tax, Certified Financial Planner, Critical Illness Insurance, Efficient Tax Planning, Income Tax Allowances, Investments, Pension Scheme, Stocks & Shares
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Capital Gains Tax could hit elderly in nursing homes

Wednesday, June 2nd, 2010

Capital Gains Tax could hit elderly in nursing homes

Elderly care home residents could face a hefty capital gains tax bill on selling their home. Are you or your family affected? Click on headline to read more.

Tags: Avoid Tax, Best Mortgage Deal, Capital Gains Tax, Certified Financial Planner, Critical Illness Insurance, Efficient Tax Planning, Financial Planning, HMRC, Pension Transfers, Pensions Annuities, Repossessed Spanish Property, Tax, Tax Guidelines
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Happy New Tax Year! The Tax Savings Checklist for 2010/11

Monday, April 12th, 2010

The new tax year, which began on 6th April 2o1o, offers a golden opportunity for tax savings. Make use of your brand new tax allowances to fine-tune your financial planning, and minimise tax. With financial advice you can streamline your savings strategy by getting the best savings rate and fully utilising your ISA cash allowances. You can ensure you take advantage of your allowances for Capital Gains Tax, if you are selling an asset. You can plan to maximise tax reliefs from pensions contributions. You can gain 30% tax relief on investments in Venture Capital Trusts (VCTs). You can take the necessary steps to avoid 40% Inheritance Tax on wealth passing to your children and heirs. If you are an employer, you can plan for the upcoming government NEST scheme, which will require you to have, or set up, a pensions department that offers a pension to all employees.

Tags: Avoid Tax, Best Mortgage Deal, Capital Gains Tax, Cash ISA, Cash ISAs, Certified Financial Planner, Chartered Financial Planners, Cheap Life Insurance, Critical Illness Insurance, Debt Management, Efficient Tax Planning, Enterprise Investment Scheme, future energy supply, Gareth Flanagan, Individual Voluntary Arrangement, Inheritance and Tax Planning, Inheritance Tax, Inheritance Tax Advice, ISAs, Maximum Pension Contribution, NAEA, Online Mortgage Deals, Pension Savings, Pension Schemes, Pensions, Personal Tax, Private Pension, Professor David MacKay, Reclaim Capital Gains Tax, Remortgages, Repossessed Spanish Property, Savings, State Pension, Stocks & Shares ISA, VCT, Venture Capital Trusts
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ISA savers benefit, CGT stable, IHT threat in Budget

Wednesday, March 24th, 2010

budget

Good news for first time buyers, ISA savers, and business owners in the budget. Here is our roundup of personal finance news and the budget changes, hot out of that little brown briefcase on Downing Street.

Tags: Capital Gains Tax, Certified Financial Planner, future energy supply, Individual Voluntary Arrangement, Inheritance and Tax Planning, Inheritance Tax, ISAs, Pensions, Remortgages, Repossessed Spanish Property, Tax Efficiency
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