Thousands Paying Unnecessary Tax on Inherited ISAs

Thousands of bereaved partners may be paying unnecessary tax bills after failing to take advantage of an ISA transfer allowance. According to a Freedom of Information request obtained by financial provider Zurich, just 21,000 people took advantage of the little known saving scheme in 2017/2018. However, the Tax Incentivised Savings Association estimates that up to … Continue reading Thousands Paying Unnecessary Tax on Inherited ISAs

Planning for the Dividend Allowance Cut

With the Dividend Allowance set to be cut from £5,000 to £2,000 from April 2018, we consider how investors can help to mitigate the impact of the change. A brief overview 2016 saw significant changes to the rules on dividends, with the introduction of a new Dividend Allowance (DA) of £5,000 per annum, as well … Continue reading Planning for the Dividend Allowance Cut

Help To Buy ISAs

A new ISA for first time buyers will offer a government bonus when investors use their savings to purchase their first home. For every £200 that a first time buyer saves, there will be a £50 bonus payment up to a maximum of £3,000 on £12,000 of savings. The bonus will be available for purchases … Continue reading Help To Buy ISAs

Budget 2014 and 2014/15 Tax Tables

If you are interested in the tax allowances for 2014/15, please refer to our Tax Tables: Green & Co 2014/15 Tax Tables If would like to  read our summary of the 2014 Budget, then please follow this link: Green & Co Budget Summary 2014 The main issues include: Savings: Reform of ISAs. The current distinction between stocks and shares … Continue reading Budget 2014 and 2014/15 Tax Tables