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Class 4 National Insurance contributions increase scrapped

Tuesday, March 28, 2017
Chancellor Philip Hammond has back-tracked on his decision to increase Class 4 National Insurance contributions for the self-employed. After announcing in the Budget on 8 March 2017 that class 4 National Insurance contributions (NICs) paid by the self-employed would increase from 9% to 10% 

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Private Medical Insurance (PMI) – beat the tax increases

Tuesday, March 28, 2017
Insurance Premium Tax is due to increase again in June this year, almost certainly leading to price rises. Now’s the time to beat the changes. Insurance Premium Tax (IPT) is due to rise from 10% to 12% from June 2017. The tax applies to many insurance products, including private me 

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ISA tax advantages could be extended after death

Tuesday, March 28, 2017
The ISA savings of deceased individuals may now continue to benefit from tax advantages, provided the money is kept in an ISA. Savings in ISA accounts could continue to be treated as tax-free after an individual dies, under proposed new legislation. At present, ISAs lose their tax-fr 

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LISA – A new saving choice

Tuesday, March 28, 2017
The Lifetime ISA (LISA) is launching on 6th April 2017. If you’re aged between 18 and 40, you’ve now got another savings option. The Lifetime ISA (LISA) is designed to help younger people save for a first property, as well as for their retirement. Young savers can put up to 

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Pensions advice allowance – using your pension to pay for advice

Tuesday, March 28, 2017
There’s now more flexibility around taking money out of your pension to pay for advice - tax-free! From April 2017, if you are saving into a defined contribution pension, you’ll be able to take three payments of £500 tax-free in three different tax years, to pay for finan 

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Brunsdon is the trading name of Brunsdon Financial Services Ltd. (Reg. No. 03434005), Brunsdon Insurance Brokers Ltd. (Reg. No. 03433998), Brunsdon Asset Management Ltd. (Reg. No. 07098607) and Brunsdon Auto-Enrolment Solutions LLP (Reg. No. OC402486). All companies are registered at Goodridge House, Goodridge Avenue, Gloucester GL2 5EA. Tel. 01452 623623 E-mail. enquire@brunsdon.co.uk. Brunsdon Financial Services Ltd. and Brunsdon Insurance Brokers Ltd. are authorised and regulated by the Financial Conduct Authority. Not all products and services offered are regulated by the FCA. The FCA does not regulate tax advice.

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