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News
Most people living in advanced economies want to see their government increase taxes on the rich, and almost 40% would be willing to pay extra taxes to fund healthcare and pensions, according to an OECD survey of 21 countries.
If you are looking for investment opportunities, have you considered the Enterprise Investment Scheme (EIS)? These investments in certain qualifying companies allow you to set off of 30% of the amount invested against your income tax bill as well as the ability to defer Capital Gains Tax (CGT) until the shares are sold.
Have you used your 2018/19 £11,700 annual capital gains exemption?
Consider selling shares where the gain is less than £11,700 before 6 April 2019.
For most taxpayers the maximum pension contribution is £40,000 each tax year, although this depends on their earnings.
The Insolvency Service has urged individuals saving for retirement to protect their pension pots from criminals and negligent trustees'.
The Bank of England has cut its UK growth forecast and warned a lack of Brexit clarity is hitting the economy.
In early December the Department for Work and Pensions (DWP) announced the thresholds that should apply to automatic enrolment pension contributions from 6 April 2019.
The Government's Pensions Dashboard plans unveiled last month have many hurdles to overcome and poor pension records could torpedo them, an ex Pensions Minister has warned.
Latest figures indicate the financial affairs of huge swathes of the country are unstable.
It's quite understandable if investors are confused at the moment as news flow and data releases are not providing certainty.