Bournemouth Accountants and Financial Advisers News, Ward Goodman Chartered Accountants
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…

Read More

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…

Read More

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…

Read More

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…

Read More

tax benefits

Government consults on tax-efficient benefits

Posted under Tax Briefs, Ward Goodman News.

HM Revenue & Customs (HMRC) has launched a consultation on limiting the range of benefits that attract tax relief and national insurance contributions (NICs) when provided as part of a salary sacrifice arrangement or flexible benefits scheme. The purpose of the consultation is to examine the potential impact on employers and staff in the event…

Read More