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Chancellor hikes tax relief on VCTs

Income tax relief for investment into venture capital trusts is to be raised to 40 per cent under proposals laid out by Chancellor Gordon Brown in his pre-Budget speech. The Chancellor, addressing the House of Commons, said the Government would also raise the VCT annual limit to £200,000.


Miles report to be published Tuesday

Professor David Miles&#39 report on the mortgage market will be published on Tuesday, the day before the pre-Budget report. The report is expected to say that there is no quick fix to increase the uptake of long term fixed rate mortgages in the UK. It is also expected to criticise the lack of competition in […]

Lords reject Revenue ruling on non-execs

The House of Lords has overturned an Inland Revenue ruling that would have made it impossible for retired directors to take their company pension as long as they remain a non-executive director. The Revenue had tried to recover £230,000 from a non-executive director of a carpentry firm after he resigned his full-time post and took […]

New intermediary role for Kenmir in reshuffle at FSA

David Kenmir is to take on a new role as head of intermediaries in an FSA reshuffle. A document seen by Money Marketing outlining the changes reveals that the reorganisation will see Kenmir move from his position as director for investment firms to sector leader for retail intermediaries. He will also take on responsibility for […]

Prudential – Flexible Investment Plan

Type: Unit-linked portfolio bond Aim: Growth and income by investing in choice of five Prudential bonds Minimum-maximum ages: 18-89 Minimum investment: Lump sum £10,000 Allocation rates: Initial charge option &#45 £10,000-£19,999 &#45 102%, £20,000-£49.999 &#45 102.5%, £50,000- £74,999 &#45 103.5 £75,000 and above £103.75% No initial charge option – £10,000-£19,999 &#45 100%, £20,000-£49.999 &#45100.25% £50,000- […]


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