Sipps boost from Budget stamp duty reform

Property investment will flow into Sipps as a result of the Government’s move to align stamp duty on commercial property with residential, providers say. In this week’s Budget the Chancellor unveiled reforms that remove the ‘slab’ structure and replaced it with a with a system more akin to income tax, costing the Treasury £2.6bn. From […]

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Providers back FCA action over flawed retirement defaults

Providers are backing calls for the FCA and the Government to give firms safe harbour to move customers out of legacy products with out-of-date default investment strategies. A report published by Standard Life’s independent governance committee earlier this week revealed the insurer wants to move customers out of historical default strategies but is being prevented […]

MM Wired: The Budget impact on tax and financial planning

– What were the headline tax planning measures from the Budget? – How do these interact with previously announced moves, such as the dividend and personal savings allowances? – Does the tapered annual allowance signal more change to come on tax relief? – Will further measures to crack down on tax avoidance and evasion ultimately […]

Selftrade to charge platform fee following Equiniti takeover

Online investment and share dealing platform Selftrade has introduced a platform fee as part of its new pricing structure introduced following the Sunset clause. The platform charge will see the first £50,000 invested charged at 0.30 per cent, the next £200,000 at 0.25 per cent, while anything over £250,000 will be charged at 0.15 per cent. […]

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]


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