The end of the financial tax year is fast approaching and there are tax changes afoot. From April, business owners who pay themselves in the form of dividends, rather than a salary, will see their tax-free allowance cut from £5,000 to £2,000. The tax changes will also affect investors who have portfolios of shares held […]
Pension transfers have been in the news a lot lately, since the transfer values have increased. But Alan Mellor, Managing Director at Phillip Bates & Co Financial Services, has issued a warning to seek specialist advice before transferring your pension. “It is important to fully understand and appreciate the value of a guaranteed lump sum […]
Bitcoin – a digital currency created in 2009, which uses decentralised technology rather than one central bank – is gaining more and more interest lately. Since it thrust itself into the mainstream some five years ago, Bitcoin has been a constant source of interest and confusion, but the currency has certainly garnered more attention recently. […]
We welcomed the announcement by Chancellor Philip Hammond in yesterday’s budget that stamp duty is to be abolished for first-time buyers purchasing properties worth up to £300,000. Phillip Bates & Co Chartered Financial Planners predicted a reduction in stamp duty for first-time buyers was likely, but that it would perhaps be a temporary one. So […]
The Budget will soon be on its way. It was announced last year by the Chancellor Philip Hammond that the Budget was to be moved back to the autumn to simplify the process of setting taxes and government spending. This is the first year of the new system being in action. As with previous years, […]
Dividend tax changes afoot
/0 Comments/in News /by Sarah LoweThe end of the financial tax year is fast approaching and there are tax changes afoot. From April, business owners who pay themselves in the form of dividends, rather than a salary, will see their tax-free allowance cut from £5,000 to £2,000. The tax changes will also affect investors who have portfolios of shares held […]
Seek specialist advice before transferring your pension
/0 Comments/in News /by Sarah LowePension transfers have been in the news a lot lately, since the transfer values have increased. But Alan Mellor, Managing Director at Phillip Bates & Co Financial Services, has issued a warning to seek specialist advice before transferring your pension. “It is important to fully understand and appreciate the value of a guaranteed lump sum […]
Beware of Bitcoin
/0 Comments/in News /by Sarah LoweBitcoin – a digital currency created in 2009, which uses decentralised technology rather than one central bank – is gaining more and more interest lately. Since it thrust itself into the mainstream some five years ago, Bitcoin has been a constant source of interest and confusion, but the currency has certainly garnered more attention recently. […]
We welcome withdrawal of stamp duty for first-time buyers in ‘positive’ Budget
/0 Comments/in News /by Sarah LoweWe welcomed the announcement by Chancellor Philip Hammond in yesterday’s budget that stamp duty is to be abolished for first-time buyers purchasing properties worth up to £300,000. Phillip Bates & Co Chartered Financial Planners predicted a reduction in stamp duty for first-time buyers was likely, but that it would perhaps be a temporary one. So […]
A look ahead to the Budget
/0 Comments/in News /by Sarah LoweThe Budget will soon be on its way. It was announced last year by the Chancellor Philip Hammond that the Budget was to be moved back to the autumn to simplify the process of setting taxes and government spending. This is the first year of the new system being in action. As with previous years, […]