“Labour plans to raise £500m by closing fund managers’ tax loophole”

Sep 20, 2021 | Tax

An independent (financial adviser’s) view

All very worthy, tax the rich, private equity capitalists, don’t fleece hard-working-families by putting up national insurance. Trouble is, those rich capitalists are just as clever as the Amazons and Starbucks at rearranging their affairs accordingly, and no extra funds will be raised. If HMRC doesn’t like it, they’ll happily tie them up in court for years, which will cost the taxpayer just as much, before the inevitable ‘settlement’. The reality? You can only raise the big bucks needed to ‘level up’ from those you’re trying to level up. Because, as we know, all men are equal, but some will always be rather more equal than others…

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“Cash ISA allowance could be cut this month”

“Cash ISA allowance could be cut this month”

Our mantra has long been ’straightforward advice that you can understand’. That can mean trying to simplify the many complex products and options with which the world of finance tries to befuddle its target audience.

“Will the Bank of England Cut UK Interest Rates Again in 2025?”

“Will the Bank of England Cut UK Interest Rates Again in 2025?”

It’s easy to forget that five years ago the Bank of England Base Rate was at an all-time low of 0.1%, and only rose above 1% with the arrival of Liz Truss later in 2022. Something of which we often have to remind those who, when looking at how their investments have fared over the same period after yet another Trump Tweet has pushed markets in one direction or another, tell us ‘we could have been getting 4% a year if we’d left it all in the bank’.