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Interest rates remain unchanged

The Bank of England announced interest rates will remain unchanged at six per cent for the second month in a row.

The decision resulted in the pound falling against the Euro and the financial community breathing a collective sigh of relief.


Aesop&#39s fables

Continuing my business-ori- ented review of the Budget, it is importantfor any IFA giving advice on employee benefits to be aware of the new all-employee share ownership plan (Aesop).The plan is aimed at encouraging companies to foster a more productiverelationship with their employees.The Government claims the new plan will be the most tax-advantagedall-employee share ownership […]

Margin of error

I arranged a unit-linked whole-of-life plan nearly 20 years ago with adirect-selling life insurance company. The policy was written in trust tomeet an expected capital transfer tax liability (now inheritance tax).I have been able to increase the level of cover without increasing thepremiums and without providing further medical evidence. Despite the unitprice rising, I have […]

Julian Gibbs

After Barclays Bank&#39s PR disaster, many people are questioning theattractions of their high-street bank account. A large number of IFAs arenow recommending clients – both individuals and companies – to change themajority of their banking requirements to Cater Allen, a member of theAbbey National Group, or to Fleming. Both offer highly competitiveinterest-paying cheque accounts.Cater Allen […]

Carry on, don&#39t lose your taper relief

Following my previous article (Down to business on taper relief, MoneyMarketing, March 16), I am going to develop the theme of corporateinvestment by looking at paragraph 11 of Schedule A1 of the Taxation ofChargeable Gains Act 1992.The interpretation of this paragraph means that for a “close” tradingcompany – a company with five or fewer participators […]


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