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Investment Category

24th May 2019
When did you last review your investments and wider finances? In today’s climate of persistently low interest rates many investments, particularly those providing instant access on cash deposits, pay interest rates well below current inflation that measures 2.4 per cent according to the Retail Price Index. Even long-term and fixed-rate investments are paying interest rates much lower than their historic averages. As a result, allowing…
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15th March 2019
In the course of my professional work, especially when advising clients about making or updating a will, I am often asked for advice on the best way of giving to charity. Charities carry out excellent work of great public benefit, nevertheless from time-to-time press reports highlight criticism of some charities, reflecting various concerns about day-to-day administrative matters or costs for example. So for anyone seriously…
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29th January 2019
In the Chancellor of the Exchequer's 2014 Autumn Statement George Osborne announced that under new rules surviving spouses may inherit their deceased partner’s Individual Savings Account (ISA), referred to as an Additional Permitted Subscription (APS), and that it may stay as an ISA, meaning that they would not pay tax on any capital gains. However, recent figures from HMRC reveal that a low number of bereaved…
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20th December 2018
During this season of goodwill, it is not unusual for our thoughts to turn towards the giving of gifts and, even in the current climate of austerity, it is possible to make significant gifts that will reduce your future Inheritance Tax (IHT) liability. The gifting rules are clear: everyone is allowed to make IHT-exempt gifts totalling £3,000 per year. One year’s allowance or part thereof…
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12th October 2018
When the United Kingdom voted to leave the European Union in March 2017, the pre-referendum campaign had made little mention of the implications for investors. The vote to leave resulted in a significant fall in the value of sterling and, in a no-deal Brexit scenario, sterling can be expected to fall again until the markets have adjusted to the new situation. For all its intransigence,…
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28th September 2018
Attorneys and deputies currently have limited authority when it comes to making gifts from a protected party’s estate. By law, they can only make decisions for a person who is no longer able to do so and unlikely to be able to do so in the future. In general, gifts can only be made to a charity or to a family member, friend or acquaintance…
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27th July 2018
It seems difficult to remember a time when investment markets have been so driven by politics and government leaders instead of economic data and company results, nor a time when social media, especially US President Trump’s Twitter account, was so closely watched by investment analysts. For many reasons, 2018 is proving to be a memorable year. In March, President Trump announced steep tariffs on steel…
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14th May 2018
Many world investment markets performed strongly in 2017 only to falter in the first part of this year on the back of concerns about US President Donald Trump’s proposal to impose trade tariffs on a number of countries including China and the members of the European Union. As I write, some market stability has returned and the oil price has surged on President Trump’s further…
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27th April 2018
Despite the introduction of a new Inheritance Tax (IHT) allowance in 2017, as a result of increasing house prices and rising stock markets HM Treasury recovered more than £5 billion in death duties last year. Under the current rules married couples and civil partners can inherit each other’s allowances – in total, £1 million of the couple’s estate can be passed on tax free. But…
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22nd February 2018
In recent weeks, many investment markets around the world have experienced volatility, notably the United States and the United Kingdom. The main reason behind such widespread volatility is the belief, seemingly now held by many investors, that interest rates will begin to rise rather more quickly than they had previously anticipated and that the era of ultra-low interest rates may be coming to an end.…
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