Many younger investors who have enjoyed a whopping windfall on Bitcoin have been trying to channel their new-found fortune into UK property having converted their profits to Sterling. However, mortgage lender and brokers have been turning would-be investors away for fear of breaching ant-money laundering regulations (Bitcoin).
The trouble has come from satisfying the challenge of tracing the source of the money. This is, of course, where the advantage of cryptocurrency not being regulated by a central bank, becomes rather more a hindrance (Bitcoin).
Tax rise in insurance products
The removal of capital gains tax indexation allowance (for Insurers) doesn’t sound like anything to worry about, unless you are on the board of an insurer. But policyholders may stand to be left, indirectly, with lower returns as insurers complain of what they are calling a £250 million annual stealth tax.
The paradise payers raised more questions than than answers but one certainty, as reported by the Guardian is the sheer volume of tax-avoidance schemes (particularly those including creating offshore accounts in tax-free countries) are being offered to the wealthy like never before. Tax avoidance has never been more commoditised and commentators have highlighted some (pre-panama / paradise) emboldened intermediaries offering packages like packaged holidays.
Financial Advice Including Pension Advice, Bristol
If you would like to speak with one of our Independent Financial Advisors and potentially receive financial advice, please contact us on 0117 923 7652. We are based in Clifton, Bristol but we are happy to service clients from across the UK and we provide free initial meetings at our client’s convenience.
About Us: Churchill Wealth Management is a team of #independent financial advisors#/#financial planners# (IFAs) based in Clifton, Bristol (http://www.churchillwealthmanagement.co.uk/).
We provide independent# financial advice#, including #pension advice#, #investment advice#, #inheritance tax planning#, protection/#insurance advice# and #ethical investment advice# through our trading style Churchill Ethical Investment (http://www.churchillethicalinvestment.com). (Bitcoin).