One of the biggest changes to UK data privacy law comes into effect on 25th May 2018…. Read more
CRS Consultants and Clive Steggel are excited to announce they are taking part in the Dragon Boat Race at the Northwich River Festival organised by The Rotary Club of Northwich. Our Team is called “Parrs Bank Paddlers”… Read more
CRS Consultants are excited to announce they are taking part in the Dragon Boat Race at the Northwich River Festival organised by The Rotary Club of Northwich. Our Team is called “Parrs Bank Paddlers”… Read more
It’s with great pleasure that CRS Consultants are celebrating Phil Johnson’s impressive 20 year career working with CRS Consultants!… Read more
M&G and Aviva Investors have both followed Standard Life in suspending trading on property funds. We would like to reiterate that we view commercial property as a genuinely long term investment which should remain part of a well diversified portfolio.
As you may be aware, dealing (both purchases and sales) in the Standard Life UK Real Estate Fund (and its Income and Accumulation Feeder funds) has been suspended owing to increased redemptions by investors that cannot be met due to the relatively illiquid nature of commercial property…. Read more
Nothing changes immediately in that the UK remains a member of the EU until it triggers the formal exit process, following which it remains a member for at least two years…. Read more
Making a contribution into a pension is still one of the most tax efficient investments you can make. As well as growing in a tax efficient way, pension contributions can be used to reduce your current income tax liability. If you own and run a limited company, then your company could make an employer contribution to reduce its corporation tax bill.
At retirement you will be entitled to up to 25% as a tax free lump sum and the remaining funds are used to generate a taxable income. The rules relating to pensions and retirement planning can be complicated and not suitable for everyone. We recommend you seek advice on this subject.
These are just a few of the financial advice tips for 2016/17. If you want to talk in more depth please contact us.
The rates of Capital Gains Tax – which is a tax on the profits made from the sale of assets – will be reduced for some people from 6th April 2016. The CGT rate will be reduced to 10% for basic rate taxpayers, while the rate for higher rate taxpayers will fall from 28% to 18%.
However, the capital gains tax rates due on disposal of residential property will remain 18% for basic rate taxpayers and 28% for higher rate taxpayers. The Annual CGT tax-free allowance will remain unchanged at £11,100.
Investors with assets subject to CGT, for example large share portfolios it might be worth reviewing these based on the new CGT rates and the impact of the dividend tax changes.