by Town Close Financial Planning | Apr 4, 2017 | Pension & Retirement News, Tax News
In the Budget, the Chancellor Philip Hammond announced a 25% charge for people moving their pension abroad. If you’re planning to spend your retirement somewhere warmer and sunnier than the UK then the news may have worried you somewhat – will it end up stalling your... by Town Close Financial Planning | Mar 9, 2017 | Tax News
Our 2017 Budget Report is now available. Find out what happened and what we think of it. Click here for your copy: Townclose Budget 2017 Overview 020 7993 4898 advice@townclosefp.co.uk by Town Close Financial Planning | Mar 2, 2017 | Tax News
A recent report from the Institute for Fiscal Studies (IFS) suggests that the amount of tax paid in the UK is set to rise to levels not seen for thirty years. Plans by the Chancellor, Philip Hammond, to increase tax rates and reduce public spending in order to fill... by Town Close Financial Planning | Feb 3, 2017 | Investment News, Tax News
It might feel at the moment as though there’s plenty of time until the beginning of April, but ensuring you make use of the remaining time before the end of the tax year is always a good idea. Here are our top four tips for ways to make the most of this tax year... by Town Close Financial Planning | Nov 3, 2016 | Pension & Retirement News, Tax News
The latest figures surrounding the pensions lifetime allowance (LTA), which governs how much your pensions can be worth whilst still claiming tax relief, suggest that a considerable number of middle-income earners are being hit by the lower threshold. The amount... by Town Close Financial Planning | Oct 10, 2016 | Tax News
A change in the recent Finance Bill 2016 made during the committee stage could lead to a significant rise in the tax payable by both individuals and companies who have invested in property. Previously, the profit made from a property sale was subject to capital gains...