Considering gilts for your investment portfolio?
High-interest rates make gilts an attractive option for some investors, especially higher-rate taxpayers who benefit from the tax exemption from capital gains. What exactly are gilts? These UK government bonds, or debt securities, are issued to finance public expenditure. Their appeal lies in their low-risk nature and guaranteed income.
Continue reading “A timely proposition”
A year marked by several tax changes that impacted higher-rate taxpayers
As we approach the end of the year, taxpayers should begin assessing their tax obligations. This is not a task to be left to the eleventh hour, especially considering tax changes coming into effect in 2024.
Continue reading “Taxing times for 2023”
Many pensioners may face a lurking tax risk as the State Pension grows
Many pensioners may face a potential tax pitfall as the State Pension escalates and Income Tax bands remain fixed.
Continue reading “Strategies to minimise retirement tax”
Good news on the horizon for future retirees
For employees, auto-enrolment is a crucial component of everyone’s retirement strategy. Understanding auto-enrolment becomes critical as we increasingly know the need for adequate retirement preparation. Historically, while some companies offered their employees the chance to contribute to a pension fund for retirement preparation, others did not.
Continue reading “Decoding auto-enrolment”
Maximising your earnings or laying down a robust financial plan
As you sail into your 50s, it becomes pivotal to consider your financial strategy. Life has likely found a steady rhythm by now. Children have probably taken flight, becoming financially self-sufficient, and the idea of reducing work hours or even completing retirement starts to surface.
Continue reading “A crucial decade: financial planning in your 50s”