Financial Planning Blog

  • Changes To Financial Services Compensation Scheme

    From 1 January 2016, British savers will receive a lower guarantee on their deposits. At present, in the unlikely event that a UK bank or building society collapses, the Financial Services Compensation Scheme (FSCS) will pay compensation of up to £85,000 per person or small business, per authorised bank or building society. However, from the […]

  • State Pension Top Up

    From 12 October 2015 to 5 April 2017 you’ll be able to apply to make a ‘Class 3A voluntary contribution’ to top up your State Pension by up to £25 per week. You must be a man born before 6 April 1951 or a woman born before 6 April 1953, and entitled to Basic State […]

  • Volatility Continues for Investors

    UK investors had to endure further volatility in share prices during September. Anxiety over China’s economic outlook and speculation over whether US interest rates could rise affected sentiment, while concerns over the impact of falling commodity prices continued to weigh on the UK mining sector. Having reached an all-time high of 7,103.98 on 27 April […]

  • Osborne Updates Dividend Tax Regime

    From an investment perspective, the most notable change in the post-election ‘Summer Budget’ was arguably the scrapping of the existing dividend tax credit regime. Under this system, dividends are paid with a notional 10% tax credit, meaning non- and basic-rate taxpayers have no further liability. From April 2016, the tax credit will be replaced by […]

  • Election Uncertainty

    ‘Sell in May and go away’, runs the old stockmarket adage – but what happens when May involves a UK General Election? The next General Election is scheduled to take place on Thursday 7 May 2015. However, the result of the election – whether an outright victory for one party or some shade of coalition […]

  • Interest Rates – When Not If

    UK interest rates have languished at an all-time low of 0.5% since March 2009 in a strategy designed to shore up the UK economy through the pain and the aftermath of the financial crisis and recession. As the economy continues to exhibit signs of sustained recovery, however, interest rates are now widely tipped to rise […]