Gilt market ‘unfazed’ by Budget, despite sell off
Gilt markets were unfazed by Wednesday’s Budget announcements with the chancellor merely “tinkering” without hitting expectations, according to RLAM.
Gilt markets were unfazed by Wednesday’s Budget announcements with the chancellor merely “tinkering” without hitting expectations, according to RLAM.
While chancellor of the exchequer Philip Hammond delivered a Budget that didn’t break the mould, the investment community had plenty to say on these top four budget talking points.
The self employed and small business owners received a double blow in Wednesday’s Spring Budget.
The UK government’s shock decision to impose a 25% charge on transfers to foreign pension schemes announced in the Spring Budget could go as far as to “shut down” the Qrops market, according to industry observers.
Tax experts give their views and insights on chancellor George Osborne’s 2016 Budget.
Sarah Wadham, director general of the Enterprise Investment Scheme Association, reveals what wealth managers need to know about the risks, attractions and benefits of EIS in 2015 following the Summer Budget.
The Wealth Management Association has said it was delighted to see Chancellor George Osborne heralding the importance of savings and investment in his Budget statement.
Consensus is that George Osborne’s first majority budget was a radical one, announcing, among other things new dividend allowances, the abolishment of ‘non-dom’ status and £12bn in welfare cuts. For business, however, it seems it was something of a mixed bag.
From Chancellor George Osborne’s own point of view, he has been delivering the Budget with one hand tied behind his back since he took office in 2010.
International advice firm deVere has announced plans to aggressively develop in the UK and capitalise on the areas improving economy and pension changes.
The UK government is planning to cut the lifetime limit for tax-free pension saving to £1m from £1.25m, along with a series of measures designed to trigger a savings revolution.
The UK government will remove tax restrictions on people who want to sell the income stream from an existing annuity from 6 April next year, effectively giving them similar freedoms as those soon to be enjoyed by those in defined contribution savings plans.