Bournemouth Accountants and Financial Advisers News, Ward Goodman Chartered Accountants

News

pension annuities

Second-hand annuities: not for sale

Posted under Tax Briefs, Ward Goodman News.

The Treasury has changed its mind about allowing the sale of pension annuities. When pensions flexibility was announced in March 2014, one of the inevitable criticisms was that the reform came too late for those who had already turned their pension pot into an annuity. A year later the then Chancellor attempted to respond to…

Read More

dividend payments

Marmite pricing: the good news

Posted under Tax Briefs, Ward Goodman News.

Sterling’s fall is boosting dividend payments.   On the day of the referendum, a pound would buy you nearly $1.50. It dropped sharply in the wake of the vote and then spent about three months churning between roughly $1.35 and $1.30. October produced another leg down to the $1.22 area as a ‘hard’ Brexit began…

Read More

inflation rise

Marmite pricing: the bad news

Posted under Tax Briefs, Ward Goodman News.

Inflation rose to 1% in September, but that will not be the end of the story. Last month a spat between Tesco and Unilever over the pricing of products under a new contract saw Marmite temporarily removed from the shelves of Tesco’s internet shopping website. The two parties resolved the issue quickly once it hit…

Read More

tax relief

Radical reform for pension contribution tax relief?

Posted under Tax Briefs, Ward Goodman News.

The pre-Autumn Statement rumour mill is suggesting a radical reform of pension contribution tax relief. Could tax relief for pension contributions be based on your age rather than the rate of income tax you pay? It may sound strange, but one idea doing the rounds is that tax relief on pension contributions should become a…

Read More