personal finance Archives - Page 4 of 15 - Whitefield Tax Limited - Isle of Wight Accountants

ISA joy confined to the kids

by Jessica Garbett | Jan 5, 2018 | ACCA, budget, personal finance

Annual limit uprated on junior ISAs, but not adult ISAs. The Individual Savings Account (ISA) annual subscription limit for 2018/19 will remain unchanged at £20,000. The annual subscription limit for junior ISAs and child trust funds for 2018/19 will be uprated in...

Tax treatment of Banco Santander rights issue

by Jessica Garbett | Aug 21, 2017 | ACCA, personal finance, personal taxatation

Advice on how to treat tax on last month’s share issue. Santander shareholders were able to subscribe one new share for every 10 shares they held at a price of 4.85 euros per share. Shareholders who wished to exercise their right to subscribe shares were allowed to do...

Getting to grips with LISA

by Jessica Garbett | May 5, 2017 | ACCA, personal finance

LISA is potentially a valuable savings option. But how does it work and who is it aimed at? From April 2017 a new savings product called LISA (Lifetime ISA) is available. It is designed to help young people save flexibly for the long-term throughout their lives....

Increase in Individual Savings Accounts (ISA) limits

by Jessica Garbett | Apr 27, 2017 | ACCA, personal finance, personal taxatation

From 6 April 2017, the annual ISA allowance will increase from £15,240 to £20,000. Introduction Individual Savings Accounts (ISAs) are tax-free funds in which UK residents can hold a range of different investments. Originally, these were cash or stocks and shares...

Personal savings allowance offers a boost

by Jessica Garbett | Apr 3, 2017 | ACCA, personal finance, personal taxatation

Taxpayers can now earn £500-£1,000 in savings income tax-free. From 6 April 2016, basic rate taxpayers can earn up to £1,000 in savings income tax-free. Higher rate taxpayers can earn up to £500. These are the Personal Savings Allowance. Savings income includes...

Probate fees may rise

by Jessica Garbett | Mar 23, 2017 | ACCA, capital taxation, personal finance, personal taxatation

Government says reforms would improve efficiency and generate around £300m. The government has responded to the consultation ‘to reform fees for grants of probate’. It expects that these changes should be one step ahead to increase efficiency and deliver a better...

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ISA joy confined to the kids

Tax treatment of Banco Santander rights issue

Getting to grips with LISA

Increase in Individual Savings Accounts (ISA) limits

Personal savings allowance offers a boost

Probate fees may rise

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