9 Apr 2024

What to know about ISAsThe Spring budget on 6 March was a bit of a non-event for many clients.There was an important cut in Class 1 national insurance contributions from 10 to 8 per cent for those who are employees. High earners with children were given a boost, thanks to changes that were introduced to

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Posted by Jon Lawson
30 Jan 2024

What you probably weren’t told about Inheritance TaxMost people won’t pay inheritance tax, but the number of people who will is rising.In 2009/10 just 2.6% of deaths gave rise to IHT. Yet according to the Institute for Fiscal Studies this figure is set to rise to more than 7% over the next decade.You might gift

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Posted by Jon Lawson
21 Nov 2023

Your pension is going up -but will you need to pay tax on it?Things are happening at present which could soon mean your tax situation is more complicated than it was in the past. Two particular factors are worth consideration. Firstly, interest rates have gone up in recent times – 14 times since December 2021; the

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Posted by Jon Lawson
4 Oct 2023

In recent years, property has been viewed as an ideal investment asset. In 1980, the average house sold for just £19,273. That compares to £239,927 in 2020 – a staggering 1,145 percent increase. Against that backdrop some investors have begun to assume that property prices only move in one direction: up.And this seemed true, for

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Posted by Jon Lawson
4 Oct 2023

Ian Evans Reaches 10 Years as a SOLLA Accredited AdviserFiveways Head of Later Life Advice, Ian Evans has recently been through his 10 year assessment as a member of the Society of Later Life Advisers, which is known as the “Gold Standard” of Later life advice. To be accredited as a SOLLA adviser members need

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Posted by Jon Lawson
2 Aug 2023

How Should You Respondto Rising Interest Rates?What are interest rates?Interest rates are the cost of borrowing money or the return on investment for lending money. Interest rates play a crucial role in the economy and financial markets as they influence borrowing and spending behaviour, investment decisions and overall economic activity.The Bank of England uses interest

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Posted by Jon Lawson
7 Jun 2023

WHAT ARE MY OPTIONS? Inheritance tax aka iceberg tax Here at FiveWays we sometimes refer to inheritance tax (IHT) as an iceberg tax. You don’t always see it coming, but there can be a whole lot of trouble hidden beneath the surface.The first rule of IHT is that you do not usually have to pay it

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Posted by Jon Lawson
22 Mar 2023

Analysing the…Budget for GrowthThe Chancellor Jeremy Hunt’s Budget last Wednesday (15 March) had one overarching goal: to steady the ship of the British economy amidst banking turmoil in the United States.Hunt’s Budget also provided an opportunity for the Chancellor to distance himself from the disastrous ‘mini’ budget of his predecessor Kwasi Kwarteng back in September.Therefore,

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Posted by Jon Lawson
25 Jan 2023

New Year, New Taxes:How to Navigate New Capital Gains Rules Benjamin Franklin famously said ‘Nothing is certain except death and taxes.’ Tax is a part of life, and this year most of us are all going to be paying more of it. Britain has entered a high tax era and it is important for financial

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Posted by Jon Lawson
13 Dec 2022

We’re wrapping things up for Christmas… In a year that has seen dawn of the Carolean era, 2022 has been the year during which we saw success for the England Lionesses in EURO 2022, further success for the England ODI team in Australia, and the continued resurgence of the England Test Match team under the

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Posted by Jon Lawson
29 Nov 2022

The Autumn Statement – What was Announced and How it Affects You On the back of months of economic turmoil, the Chancellor Jeremy Hunt’s autumn statement aimed to stabilise jittery markets and restore confidence in the British economy.And much to his undoubted relief, unlike his predecessor Kwasi Kwarteng, Jeremy Hunt’s autumn statement did not trigger

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Posted by Jon Lawson
23 Jun 2022

The Bank of England (BoE) has raised its main policy interest rate, or the Bank Base Rate, from 1% to 1.25%, in line with consensus expectations.The move, however, disappointed some investors who were hoping for a larger rise following the 0.75% increase in the US federal funds rate earlier in the week.Three of the nine-member

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Posted by Jon Lawson
28 Apr 2022

The State pension plays a major part in most people’s retirement income. You might think it strange, but we think you should imagine it doesn’t exist and might not be available in the future.How confident should we be that it will be there in the future? It is a very expensive benefit costing over £100

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Posted by Jon Lawson
26 Apr 2022

Congratulations Hannah We are delighted to announce that Hannah Newbery has achieved the ‘STEP Certificate for Financial Services – Trusts and Estate Planning’.The certificate covers a wide range of subjects including domicile and residence, intestacy rules and the importance of making a will, making best use of Inheritance Tax (IHT) exemptions and reliefs, options for

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Posted by Jon Lawson
14 Mar 2022

The negative impact this has had on markets and valuations seems so insignificant in comparison to the suffering of so many innocent people.

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Posted by Jon Lawson