personal finance Archives - Page 5 of 11 - Whitefield Tax - Isle of Wight Accountants

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...

Increase in Individual Savings Accounts (ISA) limits

by Jessica Garbett | Mar 15, 2017 | ACCA, personal finance

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...

Big increase for pensions advice threshold

by Jessica Garbett | Mar 14, 2017 | ACCA, pension reform, pensions, personal finance, personal taxatation

Employer-arranged advice exempt up from £150 to £500. Before 6 April 2017, pension advice to the value of £150 per employee per tax year was exempt from income tax if paid for by the employer. From 6 April 2017 the exemption will apply to the first £500 worth of...

Getting to grips with LISA

Increase in Individual Savings Accounts (ISA) limits

Personal savings allowance offers a boost

Probate fees may rise

Increase in Individual Savings Accounts (ISA) limits

Big increase for pensions advice threshold

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