In challenging market conditions, it’s likely that some bereft individuals will inherit investments that have fallen in value. Through IHT share loss relief, people inheriting can be entitled to claim a tax rebate when they sell certain qualifying investments at a loss. Strict rules, criteria and exemptions apply however. For example, to be eligible for […]
Author archives: charlie
News in Review
Last week’s release by the Office for National Statistics (ONS) of its quarterly gross domestic product (GDP) estimate for July to September painted a picture of a shrinking UK economy. GDP fell by 0.2% in the third quarter, slightly less than predicted by some City economists, but enough to push the UK a step closer […]
Trending – ‘living legacies’
Over-55s are increasingly looking to help their families out financially while they are still alive, rather than leaving everything in the form of an inheritance. Research1 has revealed a trend towards ‘living legacies’, due to increased life expectancy pushing up the average age at which younger generations inherit from their parents. People born in the […]
Selling with success
Planning to sell? You already know there’s a lot of big things to think about. But don’t neglect the small details either. Seemingly minor changes can make a significant difference to how a property is perceived and, ultimately, its sale price. Here are three top tips for putting the finishing touches to your home before […]
News in Review
“The road ahead will be a tough one… but the economy will recover, and inflation will fall” At the latest meeting of the Bank of England’s Monetary Policy Committee (MPC) concluding on 3 November, Bank Rate rose by 0.75 percentage points, an eighth consecutive increase and the biggest for 33 years. Members of the MPC […]
Climate change for investors
As the world continues to emerge from the pandemic, although other headwinds exist, governments, businesses and the financial world are refocusing on what the Principles for Responsible Investment (PRI) describe as ‘the greatest threat to the wellbeing of humanity and to the ecosystems on which we depend’ – climate change. According to the PRI, a […]
Pensions – saving for your children’s future
It may be an old adage, but definitely one that remains true – it really never is too early to start a pension. So, if you’re looking to help secure the long-term financial future of your child, or grandchild, saving into a pension on their behalf may be a suitable option worth considering, in addition […]
Housing market resilience
The number of home movers fell 35% year-on-year in the first half of 20221, a drop that was widely expected following last year’s uniquely busy pandemic-influenced market. Still high In total, 172,510 people moved house in the first six months of this year, well below the 266,270 who moved in the first half of 2021. […]
Economic Review – October 2022
Chancellor’s fiscal statement delayed The government has pushed back the date of its much-anticipated Medium-Term Fiscal Plan in order to ensure it is based on the “most accurate” economic forecasts available. Chancellor Jeremy Hunt had been due to deliver his first fiscal statement detailing how the government plans to repair the country’s public finances on […]
News in Review
“Our number one priority is economic stability and restoring confidence” Last week during the first meeting of the new Cabinet in Downing Street, Chancellor Jeremy Hunt announced the postponement of the government’s fiscal statement from 31 October to 17 November. Delayed by over a fortnight, the Medium-Term Fiscal Statement, due to be delivered in the […]