Tagged: independent financial advice

Junior ISAs

Junior ISAs

Why a Junior ISA

Fund the cost of university or simply give your child a financial head start
 Same tax benefits as a standard Cash ISA or Stocks & Shares ISA
Anyone can contribute (parent, grandparents, extended family and friends)
Open a Junior ISA with an initial investment of just £50

The worlds best retirement destinations?

Worlds best retrirement destinations

Moving abroad upon retirement is an option that has become increasingly popular among Brits in recent years, with many jumping at the chance to take advantage of more affordable housing, great weather and perceived lifestyle enhancements far from the Brits shores.

Lifetime ISA – What you need to know

Launch date is 6 April 2017

 

The new Lifetime ISA launch date is 6 April 2017. It will be a no-brainer for first-time buyers as the government will add a 25% bonus on top of what you save – this means there will be £32,000 of free cash. For retirement savings it works the same way, but whether it beats a pension or not is a much trickier conversation. If you would like to assess the options available to you, please contact 1st Financial Foundations for further information on 01908 523 420 or email info@1stff.co.uk

How to cope with loosing buy to let tax relief

property tax

Are you an individual or a Company affected by the change in tax on property?

The recent tax change can either hold a cloud or silver lining for you… how best to cope with these obstacles.

You could be feeling a double blow with the announcement that tax relief on buy-to-let mortgage interest payments would be slashed from April 2017 and that buy-to-let properties (and second homes) would incur an extra 3 per cent stamp duty. If you’re new to buy-to-let, you might not appreciate the grand scale of this is. Up to now, people buying to let have been able to claim tax relief on their mortgage interest payments at their marginal rate of tax. This means that a basic rate taxpayer would get 20 per cent tax relief, but those at a higher rate would receive 40 per cent relief, while top-rate taxpayers could claim 45 per cent.