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FCA warns on self-cert mortgages

The FCA is warning consumers of the risks of self certification mortgages after the launch of a new lender earlier this month. The lender, selfcert.co.uk, is based in Prague and is passporting into the UK using the Electronic Commerce Directive. Self-cert mortgages – known frequently as ‘liar loans’ because they do not require borrowers to […]

John Lawson: Getting the most from new tax-free allowances

New rules for taxing dividends and allowing payment of ordinary bank deposit interest tax-free will fundamentally change what assets savers and investors hold in different wrappers. From 6 April, the new tax rules for bank deposits will see banks pay interest gross, rather than after a deduction of 20 per cent income tax. Under a […]

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Using pensions to take tax-efficient business profits

Alan, aged 56, owns a limited company. Each year he reviews his remuneration strategy at the end of his reporting period on 31 December. The approach he has taken to date is a low salary topped up by dividends. The business has generated £100,000 of profit in 2015 and Alan uses the remuneration he takes […]

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Pension pots spent or held in cash as just 25% pay for advice

Many savers who have accessed their pot since pension freedoms have either spent it all or parked it in a savings account, with just 25 per cent paying for advice. The Pensions and Lifetime Savings Association has published its latest wave of research on patterns in retirement following the reforms. Based on an initial survey […]

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