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By Graham Poles

30th October 2024

Autumn Budget 2024: Capital taxes

The Chancellor delivered her long awaited first budget and with it has fundamentally changed the Inheritance Tax (IHT) reliefs that have existed for many years. As well as bringing more value into people’s estates through the inclusion of inherited pensions from April 2027, business and agricultural reliefs have also been reformed, making them less attractive.

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By Karen Thomson

30th October 2024

Autumn Budget 2024: Payroll taxes

The recent budget announcement brought several significant updates to payroll and tax regulations, most notably to Employers’ National Insurance Contributions and the National Minimum Wage – both of which will have a significant impact on employers’ wage bills.

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By Becky Fraser

30th October 2024

Autumn Budget 2024: Non-dom tax reform

Under the current rules, UK tax resident non-domiciles who haven’t become deemed-domiciled can choose to be taxed on the remittance basis. Currently Individuals suffer tax on their UK income and gains in the same way as other UK residents, they only pay tax on their foreign income and gains (FIG) when these are remitted to the UK.

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By Justin Rourke

31st July 2024

Speculation over 30% pension tax relief: what could this mean for you?

Recent media reports suggest the Chancellor may introduce a new flat rate of 30% tax relief on pension contributions and should the rumours prove true, it may leave no or very little time for those impacted to act.

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By Armstrong Watson

18th July 2024

Armstrong Watson becomes first UK accounting firm to join Institute of Customer Service

Armstrong Watson is is aiming to be recognised as  “the best financial advisory firm to deal with, delivering the best client experience in the UK" and has become the first accounting firm to join The Institute of Customer Service

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By Justin Rourke

10th July 2024

Financial planning under a Labour Government

What does Labour election victory mean for your financial plans? There may be potential changes to tax and allowances but a good financial plan will be well-placed to adapt. 

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By Chelsea Whittock

14th March 2024

Maximising your State Pension and increasing retirement income

Private pension income is crucial in supporting your goals in retirement, however, equally so is the State Pension.

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By Justin Rourke

22nd November 2023

Autumn Statement 2023 - Pensions and Savings

The Chancellor’s 2023 Autumn Statement is perhaps more remarkable for what it did not include, rather than what it did. Financial planners had widely been expecting ISAs to benefit from an increase in annual allowance and a simplification.

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By Paul Moody

9th November 2023

Can I help my children through the cost-of-living crisis and save on Inheritance Tax too?

Gifting your children or grandchildren money while you are alive could be a tax-efficient way to be the “Bank of Mum and Dad” during the cost-of-living crisis and could mean that you help your children now when they need it most.

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By Graham Poles

15th March 2023

Spring Budget 2023: Personal Taxes - No Changes, No Chance

As expected the Chancellor made no new announcements in relation to income tax, capital gains or Inheritance Tax in his Spring Budget, focusing instead on the country’s productivity issues, with measures to get people back into work.  

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