Bournemouth Accountants and Financial Advisers News, Ward Goodman Chartered Accountants
cash isa

Cash defies low interest rates

Posted under Tax Briefs, Ward Goodman News.

New statistics from HMRC show that cash is still a popular ISA investment, despite ultra-low interest rates. In early summer the Financial Conduct Authority published a report looking at easy access cash interest rates for savings account and cash ISAs. The regulator surveyed the lowest rates on offer from 32 major providers and summarised its…

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property pension

What role does property play in retirement planning?

Posted under Tax Briefs, Ward Goodman News.

There has been a difference of opinion on the role of property in retirement planning between the Bank of England’s Chief Economist and a former Deputy Governor. Andy Haldane, Chief Economist at the Bank of England, caused a few raised eyebrows recently when in a Sunday Times interview he suggested that “property is a better…

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lifetime isa

Chancellor aims to launch LISA next April

Posted under Tax Briefs, Ward Goodman News.

The previous Chancellor’s plans to launch a Lifetime ISA (LISA) have been given a fresh breath of life. In his final Budget last March, one of the surprises George Osborne produced was the Lifetime ISA, known as the LISA to everyone except HM Treasury. As a reminder, LISA’s main features were to be: It would…

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tax refund

Personal tax accounts make refunds easier

Posted under Tax Briefs, Ward Goodman News.

The new online personal tax account means people can reclaim tax they are owed by HM Revenue & Customs (HMRC) directly without having to wait for a cheque to arrive through the post. Customers who use their Personal Tax Account will have access to the online tax refund service. Overpaid tax will simply be returned…

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autumn statement

The Autumn Statement: the date’s been set

Posted under Tax Briefs, Ward Goodman News.

The Treasury has confirmed that the Autumn Statement will be on 23 November. When George Osborne was replaced as Chancellor in July, his successor, Philip Hammond, deliberately avoided taking any action. He left the immediate economic response to Mark Carney and the Monetary Policy Committee at the Bank of England, which duly cut interest rates…

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