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

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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Pension income will fall short of expectations by £5,000 per year, says AXA

Monday, May 24th, 2010

Pension income will fall short of expectations by £5,000 per year, says AXA

Many over-45s are deluding themselves about the pension income and lifestyle they will achieve in retirement. For most, their reality will fall short of their hopes by around £5,000 a year, according to AXA.

Tags: AIB Bank, AXA, Basic State Pension, Best UK ISA Funds, Lufthansa, LV=, M&G Corporate Bond, Maximum Pension Contribution, Pension Income, Pension Planning, Pension Plans, Pensions, Tax Guidelines
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Women breadwinners ignore life and critical illness insurance – AXA

Friday, May 21st, 2010

Women breadwinners ignore life and critical illness insurance - AXA

While the woman is increasingly the main breadwinner in the UK household, she fails to realise that this has created a need for her to take life and critical illness insurance, according to AXA.

Tags: AXA, Critical Illness Insurance, Inheritance Tax Advice, Inheritance Tax Liability, Life Cover, Life Insurance, Mortgage Application, Personal Insurance, Remortgage, Retirement Income, Tax Guidelines
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Critical illness insurance discount for those with previous conditions

Monday, January 4th, 2010

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Aviva is planning premium discounts on its critical illness insurances for those who have come through cancer, and would therefore not have cancer cover in their policy.

Tags: Aviva, AXA, Best Maxi ISA, Contribute To A Pension, Critical Illness Cover, Critical Illness Insurance, Critical Illness Policy, Financial Ombudsman Service, Health Insurance, Inheritance Planning, Legal & General, LV=, Pensions and Retirement, Remortgage, Retirement Income, Tax Guidelines, Tchibo, Zurich
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Public lose out on tax claims, says LITRG

Monday, December 7th, 2009

Many claimants seeking tax credits may miss out on up to Â£500 of their entitlements, because the Revenue (HMRC) is failing to make them aware of their full entitlements.

While backdating of tax claims is automatic for people with children, there is no automatic backdating of tax credit claims for people with no children, who were in work prior to submitting a claim â€“ even though they are entitled to backdate for up to three months, according to the Low Incomes Tax Reform Group (LITRG).

Tags: Financial Planning, HMRC, LITRG, Low Income Tax Reform Group, National Association of Pension Funds NAPF, Pension Transfers, Pensions Annuities, Reclaim Income Tax, Repossessed Spanish Property, Tax, Tax Guidelines, Variable Rate Mortgages, VCT
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Putting off your pension saving is costing you thousands

Tuesday, November 24th, 2009

Younger consumers who delay the start of their pension saving by just five years could be reducing their eventual retirement fund by nearly Â£45,000, according to new findings by AXA.

Tags: AIB Bank, AXA, Financial Life Cycle, Halifax, Life Insurance Products, Life Policy, Long Term Disability Insurance, Low Income Tax Reform Group, Maximum Pension Contribution, Office of Fair Trading, Pension, Pension Advice, Pension Financial Planning, Pension Fund, Pensions, Retirement Planning, Tax Guidelines
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Quarter of people in need of debt management advice

Monday, November 23rd, 2009

Almost a quarter of UK adults (24%) need debt management advice,Â due to hidden debt that has not been revealed to their partner, friends and family, according to a new report by AXA*.Â The average level of debt for those affected is Â£4096.32, spread over bank overdrafts, credit cards, store cards and loans.Â The age grouping [...]

Tags: AXA, Consumer Financial Planning Body, Council Of Mortgage Lenders, Credit Cards, Debt Management, Debt Management Advice, Enterprise Investment Schemes, Financial Planning, Investec, Loans, Mortgage Adviser, Personal Finance, Repossessed Spanish Property, Tax Guidelines, UKSIF
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Protect your personal tax allowance

Wednesday, July 22nd, 2009

Are you a high earner? Then being alert toÂ certainÂ aspects of your tax planning regime could save you a substantial sum. From next (tax) year, April 2010, new rules come into effect that you should be aware of. AsÂ of next April, ifÂ your salary is over Â£100,000, then you may wish to consider that you face a [...]

Tags: Critical Illness Insurance, Efficient Tax Planning, Free Banking, Income Tax, Life Insurance Products, Maxi ISA Contribution, Maximum Pension Contribution, Pension, Pension Scheme, Pensions, Pensions Annuities, Repossessed Spanish Property, Tax Efficiency, Tax Guidelines
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