View more on these topics

&#39Use spouse&#39s allowances&#39

Taxpayers could save a total of £87m across the UK by

transferring assets to a non-taxpaying spouse, according to research

by IFA Promotion.

IFAP says if the spouse is a non-taxpayer, the tax liability on

savings can be cut to a much lower level, possibly even zero.

Its research shows the average deposit held by individuals is

£9,935. If the spouse is in the higher-tax rate bracket, by

transferring two-thirds of this amount into their partner&#39s name and

investing it in an instant-access account paying 2.55 per cent gross,

the couple can make a saving of £67 a year.

This depends on the spouse having no current income and therefore no

tax liability.

Chief executive David Elms says: “If your husband or wife is a

non-taxpayer or pays a lower rate than you do, taking a moment to

transfer savings and investments to your partner could save you a

considerable amount.

“Visiting an independent financial adviser to discuss where you might

save tax is hugely valuable, especially as so often the process of

reducing the amount of tax you waste is very simple.”


CA attacks FSA with-profits reform proposals

The Consumers&#39 Association has criticised the FSA&#39s proposals for reforming the with-profits industry outlined in CP167, saying they do not represent any real progress for policyholders. In its response to the CP, the CA expresses its concerns about the regressive steps included in the paper. It calls on the FSA to take on board some […]

&#39Restoring consumer faith more vital than economy&#39

Restoration of consumer trust is a bigger concern for the financialservices industry than the poor state of the economy, according to asurvey by software house Focus Solutions.The survey of 33 major product providers and IFAs shows thatrestoring customer trust was the biggest challenge, with a weightedscoring of 3.89 out of a maximum of six, followed […]

Bupa sees the funny side

Bupa is running a series of 12 new press advertisements with a “lighthearted and comical” theme.The ads are intended to show a different side to Bupa and focus onthe organisation&#39s accessibility.One shows a dog sitting across a desk from a nonplussed doctor,saying “…Well, you said it was for everyone.” The caption reads“The good news is […]

Fitzgerald retires from Royal London

Royal London&#39s sales director Barry Fitzgerald is to retire after more than 30 years with the mutual life insurer. Fitzgerald joined Royal London in Colchester in 1972, holding several senior appointments in the sales department before joining the board in 1997 as sales and marketing director. His sales role is to be split, with Chris […]

Harris Associates' view on the UK’s vote to leave the EU

By David Herro, Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer of International Equity at Harris Associates Britain’s vote to exit the European Union has led to significant uncertainty across global markets. We believe market impact of this uncertainty, though severe, is more of a shorter-term phenomenon which will provide an opportunity for long-term […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm