February 2015 - Moore Stephens Financial Services

commercial property into pensions

April 5th tax year end #4

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In the last of our tax year end articles, we look at two ways of contributing to pensions that too often are forgotten about. The timescales for use ahead of the forthcoming 5th April 2015 deadline may be tight, but they are worth pursuing throughout the year ahead. First up are employer pension contributions. We speak to a lot of individuals who have already used up their available capital, but…

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Alternative investments

April 5th tax year end #3

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As we move ever closer to the 5th April, this week’s ‘usual suspect’ is alternative investments once your ISA and pension have been fully funded. Before I go on, it must be said that alternative investments are not suitable for everyone and as with any investment, they should only be considered if they are right for your circumstances and capacity for investment risk. That said, Venture Capital Trusts (VCTs) and…

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Pension liberation

Pension liberation – the story of 2015 and beyond

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For a while now, pension providers have been issuing ‘pension predator’ warning leaflets whenever a pension transfer out pack has been requested on a plan. The slightly menacing scorpion on the front cover gives a clear message that predators are after your pension so beware when you choose to transfer it. Consumer awareness is vital and up to now, there has been a thankfully small band of individuals who fall…

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Tax year end

April 5th tax year end countdown #2

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This week’s focus is unashamedly pensions. Our ‘usual suspect’ this week is making pension contributions. Up to the age of 75, most UK tax registered individuals have the right to contribute something into pensions. That perhaps addresses one of the main misperceptions we come across. Even if you don’t have pensionable earnings, you can probably still contribute £2,880 (net of basic tax relief) into a pension in every tax year….

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tax year end

April 5th tax year end countdown #1

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With just over 2 months to go, the usual countdown to the tax year end begins in earnest. This year looks set to be slightly different in that the top ten things to do to reduce your tax bill should be shaken up by the new pension rules. In a series of articles, we will summarise some of the key actions that need to be taken, mixing up the ‘usual…

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