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Income Tax Traps – there’s still time to avoid them

I’ve been busy lately helping clients with strategies to save income tax where they e.g. earn over £100,000, or they are (or might be) subject to the tapered annual allowance for annual pension contributions (causing tax penalties next year). Or they simply wish to look at carry forward for pension contributions but aren’t sure how […]

Tax Year End Checklist – Our Top 10 Tax Year End Opportunities

The tax year end is a good time to take stock and look at your tax position before the tax year closes. There are opportunities available to many, and in some cases significant tax savings can be achieved. Checklist of our top 10 tax year end opportunities (Source: Standard Life Technical 2018 – slightly edited) […]

Exit Charge removed by Scottish Widows on Saving Plans & ISA

Scottish Widows is removing the exit charge that applies to certain Savings and Investment products. Following a review, they are removing the exit charge on the Savings and Investment products listed below by 23rd October 2017. Scottish Widows Unit Trust Managers Ltd: ● Scottish Widows Open Ended Investment Company ● Scottish Widows Individual Savings Account […]

Higher Earners – are you affected by the new tapered (restricted) tax relief on pension contributions? Read on for Possible Solutions…

My previous post November 23rd 2016 set out the rules for the tapered annual pension contributions allowance. Many higher earners are getting to grips with this and seeing that their ability to obtain (higher / additional rate) tax relief on pension contributions is severely restricted. This is bonus season, and a recent bonus may push you […]

Annual Allowance for Pension Contributions: The Tapering rules

Tapering of annual allowance for high incomes Source – Royal London – pensions technical, 2015.   This measure restricts pension tax relief by introducing a tapered reduction in the amount of the annual allowance for individuals with an adjusted income of over £150,000 and a threshold income over £110,000. Key facts The annual allowance will […]

Where next for the UK Economy?

The UK Economy: Artemis Fundmanagers’ CEO Peter Saacke gives his opinion on about Sterling’s recent fall and where the UK economy might be headed in 2017. Please note this is not necessarily DFM’s opinion. We do however expect to see imported inflation fairly soon, and some tough decisions for the Bank of England.

M&G Feeder of Property Portfolio Fund

M&G Feeder of Property Portfolio Fund will lift its current suspension of trading from 12 noon Friday November 4th, 2016. Trades can be placed up to 24 hours before that, for a November 4th trade date. The fund of course feeds M&G Property Portfolio. It appears the main property fund which remains suspended at the […]

Property Funds are Opening Up Again!

Property Funds – Suspensions as at 27/09/2016: The following property funds will resume dealing for the valuation point on the dates stated below. Threadneedle UK Property Authorised Trust (Feeder) – Monday 26 September 2016 Henderson UK Property PAIF Feeder – Friday 14 October 2016 Standard Life UK Real Estate Feeder – Monday 17 October 2016 […]