EBS

It’s that time of the financial year to make sure that you have taken advantage of one tax allowance that has not been reduced and has in fact been increased for anyone over 50 during the current tax year. We have broken the process down into 5 easy steps to help you take advantage of this tax priveliged investment with the minimum of fuss.

We have a number of downloadable PDF files with more information which you can get by clicking on the below links:

For further information please contact EBS.

Following our earlier post, details are beginning to emerge from the Pre-Budget Report which were not apparent from the earlier speech. Read the rest of this entry »

Following the usual round of Pre-Budget Report rumours – including a story in this morning’s  ’The Independent’ that the launch of the National Pension Savings Scheme (also known as ‘Personal Accounts’) would be postponed for a further year – very little materialised from a financial planning perspective – which is probably welcome news.

A summary of the key points is provided below:

• Inheritance Tax threshold frozen at £325,000 (£650,000 per couple)
• Basic state pension to rise by 2.5% in 2010
• NI to increase by 0.5% for salaries of £20,000 or more from 2011
• Small companies’ 1% increase in Corporation Tax postponed
• Introduction of a 50% employer tax on bankers’ bonuses of £25,000 and above.

This final item caused the most hilarity at EBS – not because of any dislike of bankers – simply because I communicated this as a tax on ‘bakers bonuses’ – the jokes have been awful – from ‘making too much dough’ to ‘wanting to have their cake & eat it’. At least it’s reassuring to know that these things are read…