Initial thoughts on the CGT changes
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Techlink adviser bulletin: week of 28 June 2010 - what did you miss?
Here are initial extracts from three of the bulletins Techlink published last week. To be able to see the rest of these bulletins, and all the other content explained you can request a free trial of Techlink. Just follow the link below and complete the contact form, making sure to state that you heard of Techlink through the Money Marketing Academy. Techlink will then contact you with details of your trial. Go to the free trial request page.
INITIAL THOUGHTS ON THE CGT CHANGES
SYNOPSIS: Some initial thoughts on the impact of the CGT changes on investment wrapper choice
So the emergency Budget became known, perhaps more appropriately, as the ’unavoidable Budget’ to coin the description used by ’Boy George’. What we expected in connection with capital gains tax (CGT) was a linking to income tax with the possible reintroduction of a form of taper relief and/or indexation allowance to ameliorate the higher rate for longer term ’non- speculating’ investors……………. (continued on the Techlink website)
FSA CONFIRMS LIST OF RDR ADVISER QUALIFICATIONS
The Financial Services Authority (FSA) has published a consultation paper that includes the final list of qualifications retail investment advisers will need to pass before 1 January 2013 to prepare for the implementation of Retail Distribution Review (RDR) requirements………………(continued on the Techlink website)
NEXT YEAR’S TAX AND NIC BANDS
SYNOPSIS: The Budget may not have spelt out the numbers, but most of next year’s tax and NIC figures can be estimated
One of the more frustrating aspects of the June 2010 Budget was that various announcements were made about 2011/12 income tax and NIC bands, but the only hard figure given for the next tax year was the increased personal allowance - £7,475 instead of the current £6,475………………… (continued on the Techlink website)
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