Landlords face an eye-watering effective tax rate of 66% on rental profits when mortgage interest relief changes come into full effect, figures calculated reveal.
UK investors seized the bull market last year, as statistics from the Investment Association last week revealed investors ploughed a record net £63bn into funds, ending 2017 at an all-time high of £1.2 trillion. Of particular interest, though, is mounting evidence that investors are seeking to put their money into ethically sound businesses (Ethical Investing).
Passing on some common sense when it comes to personal finance can be seriously powerful and occasionally life changing. At Churchill Wealth Management, we’ve seen first hand the difference some financial knowledge has made to many of our clients lives.
Since 2001 the number of self-employed has risen from around £3m to £5m today. This is great but at a time where the self-employed are not yet compelled to save by auto-enrolment. (retirement).
Pensions freedom benefits are under threat as insurance companies are withdrawing from providing cover for financial advisers giving advice on retirement, it has been revealed. Under the pensions freedoms brought in by then Chancellor George Osbourne in 2015, it was made more attractive for people to transfer money out of defined benefit (DB) pension schemes (Pension planning).
Despite the relatively benign economic impact to date the impact of Britain’s decision to leave the EU has had a big impact on uncertainty among businesses. Add that to a mix of higher costs, weak domestic growth and lacklustre consumer demand and it’s clear that optimism has been dampened among British small businesses.