MT Financial News - Moore Thompson
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MT Financial News

From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:

Venture Capital Trusts grow in popularity as investors seek strong returns - May 13, 2016
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A recent study by Ipsos Mori, conducted on behalf of the government, has looked into the motivations of investors who have put money into venture capital trusts (VCTs). The long-running government-backed investment scheme is designed to help boost the funding of small, unquoted companies. In return for putting their money into businesses that meet certain … Continue reading Venture Capital Trusts grow in popularity as investors seek strong returns


Getting to grips with the new savings allowance - May 13, 2016
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From 6 April, basic and higher-rate taxpayers have been provided with a personal savings allowance. For those on the basic-rate they can save up to £1,000 tax-free, while those on the higher rate now have an allowance of £500 tax-free. However, those on the additional rate do not receive a savings allowance. The interest can … Continue reading Getting to grips with the new savings allowance


House prices hit new high as buy-to-let stampede unleashes wave of ‘trader-uppers’ - May 13, 2016
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New data has shown that the average house price across the UK jumped by £3,800 in April as the market experiences a knock on effect from the buy-to-let rush of the previous months. According to property website Rightmove the average asking price for properties in England and Wales rose 1.3 per cent to £307,033 in … Continue reading House prices hit new high as buy-to-let stampede unleashes wave of ‘trader-uppers’


Older workers forced to delay retirement - April 18, 2016
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Around 40 per cent of over-50s expect to work until 70 or older due to insufficient pension savings and lingering debt, according to research from insurer and pension provider Aviva. This means that millions of workers in their 50s may be forced to postpone their retirement due to a lack of pension savings and high … Continue reading Older workers forced to delay retirement


Chancellor announces Lifetime ISA - April 18, 2016
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The Chancellor during his latest Budget introduced a new Lifetime ISA designed to help those under 40 save towards their retirement or a first home. Under the scheme, savers will be able to deposit up to £4,000 each year, and receive a government bonus of 25 per cent, or £1,000 a year, in return. Savers … Continue reading Chancellor announces Lifetime ISA


Average mortgage term is now 30 years, according to Council of Mortgage Lenders - March 8, 2016
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New data from the Council of Mortgage Lenders (CML) has shown an increasing number of lenders are lending at high income multiples. The Council’s report revealed that the median term for first-time buyers has lengthened from 25 to 30 years within a short time. The study by CML shows that many lenders are going against … Continue reading Average mortgage term is now 30 years, according to Council of Mortgage Lenders


Think tank finds savers will be able to pocket £28,000 a year tax free - March 8, 2016
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The Institute for Fiscal Studies (IFS) has said that clever savers may be able to take £28,000 a year in returns tax free under changes that take effect next month. The IFS has said that those able to arrange their savings to take up to £1,000 of interest income, £5,000 of dividend income and £11,000 … Continue reading Think tank finds savers will be able to pocket £28,000 a year tax free


Buy-to-let landlords flooding UK housing market - February 23, 2016
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A rush to purchase buy-to-let properties before a stamp duty hike arrives in April is hitting the property market, according to a landlord industry body. The Association of Residential Letting Agents (ARLA) says that a new three per cent stamp duty surcharge for investors – which comes into effect in April – has had an … Continue reading Buy-to-let landlords flooding UK housing market


UK home owners release record amount of equity from their properties - February 23, 2016
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Equity release lending in the UK reached a new high of £1.61 billion in the final quarter of 2015 as home owners over the age of 55 unlocked a record amount of housing wealth. Lending via drawdown products totalled £271 million between October and December 2015, the largest quarterly total since this type of lifetime … Continue reading UK home owners release record amount of equity from their properties


Insurers say a flat-rate pension relief is fairer to all - February 23, 2016
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The Association of British Insurers (ABI) is asking the chancellor to introduce a Savers’ Bonus that would treat all taxpayers equally. Currently, people on higher incomes benefit from either 40 per cent or 45 per cent tax relief, while others receive just 20 per cent. The ABI has said that a flat rate would provide … Continue reading Insurers say a flat-rate pension relief is fairer to all


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