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Undeclared Income

13th March 2014

Undeclared Income HMRC latest advertising campaign centres on their intention to close in on undeclared income amounts. One of the areas HMRC are concentrating on is undeclared offshore income.  This has been targeted several times over the past number of years and this time is backed by a number... read more

Posted in: News, Tax

Reduction in Pension Allowance

6th December 2013

Reduction in Pension Allowance The total amount of pension savings that can be accumulated tax efficiently (known as the Lifetime Allowance) is to be reduced again. The new limit will be £1.25 million, down from the current £1.5 million. This represents a drop of almost one third in just... read more

Posted in: News, Pensions

Isle of Man Tax Information

27th November 2013

Isle of Man to Share Tax Information with UK Government In a bid to promote greater financial transparency, the Isle of Man is to share tax information with the UK Government. Financial institutions in the Isle of Man will disclose information about the investments of UK residents to relevant... read more

Posted in: News, Tax

Long Term Care Reform

29th July 2013

Long Term Care Reform Following the Government’s announcement to implement a new funding model for adult social care, the ‘Dilnot Cap’ on care costs has received a great deal of news coverage. There are three key elements of the new reforms which, if approved by parliament, will be implemented... read more

Posted in: Financial Planning, News