You are here: Home » News & events » MT Financial News

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:

Ban on letting agent fees: the impact remains to be seen - December 8, 2016
thumb image

Philip Hammond’s announcement at the Autumn Statement that letting agency fees for tenants are to be banned provoked ire from letting agents themselves, but the impact of the changes on buy-to-let landlords remains to be seen. The Chancellor of the Exchequer made the announcement against a backdrop of growing calls for action with renters facing … Continue reading Ban on letting agent fees: the impact remains to be seen


Investment Guaranteed Growth Bonds - December 8, 2016
thumb image

Amongst the Chancellor’s announcements at the Autumn Statement last month was the news that National Savings and Investments (NS&I) will next year launch a new savings bond, with an indicative rate of 2.2 per cent per annum. The new bonds, known as Investment Guaranteed Growth Bonds, will allow a maximum £3,000 investment over three years … Continue reading Investment Guaranteed Growth Bonds


Money purchase annual allowance to be cut - December 8, 2016
thumb image

The Chancellor, Philip Hammond, announced at the Autumn Statement a cut to the money purchase annual allowance from £10,000 to £4,000 from April 2017. The move, which is still subject to final confirmation, will affect people aged 55 and over who have taken income (as opposed to only the tax free cash lump sum) from … Continue reading Money purchase annual allowance to be cut


Changes to pension taxes may make ISAs more attractive - November 8, 2016
thumb image

A new report from the Office for Budget Responsibility (OBR) has found that changes to the tax regime may make pensions less attractive than ISAs to many wealthy workers. Since 2010, the UK pension tax regime has experienced a number of changes. The OBR paper examined these changes to taxation for private pensions and savings, which … Continue reading Changes to pension taxes may make ISAs more attractive


Renting to overtake home sales in 2017 - November 8, 2016
thumb image

A new study has found that for the first time since the 1930s, property lettings may overtake property sales – a trend which could affect the buy-to-let market. In recent months the buy-to-let sector in the UK has been hit time-and-time again by changes to tax and regulations. These changes have in many cases reduced … Continue reading Renting to overtake home sales in 2017


Avoid relying on property to fund retirement, says FCA Chief Executive - October 25, 2016
thumb image

The Chief Executive of the Financial Conduct Authority has cautioned workers against relying on property investments to fund their retirements. Andrew Bailey said the risks of concentrating investments in property were too great and advocated a more diverse portfolio of investments. He said it was important for public officials to present more clearly the relative … Continue reading Avoid relying on property to fund retirement, says FCA Chief Executive


Government clarifies Help to Buy ISA scheme - September 14, 2016
thumb image

Thousands of first-time buyers have raised concerns about their Help to Buy ISA after it was clarified that the government’s bonus could not be used as part of a deposit. When the scheme was launched by the former chancellor George Osborne he said it would provide state support to help buyers get on the property … Continue reading Government clarifies Help to Buy ISA scheme


Personal Savings Allowance – What you need to know - September 14, 2016
thumb image

From April 2016 more than 95 per cent of the UK’s population no longer pay tax on their interest from savings as the result of the introduction of the Personal Savings Allowance (PSA). Prior to the introduction of the PSA, for every £100 of interest earned, basic-rate taxpayers paid £20 in tax, while those on … Continue reading Personal Savings Allowance – What you need to know


Pension freedoms see retirees cautiously dip into pots - September 14, 2016
thumb image

New research following last year’s launch of pension freedoms has shown that many British workers reaching retirement are far more cautious than previously predicted. When the scheme was launched in April 2015, the then Pensions Minister Steve Webb joked that pensioners could use their pot to buy whatever they liked, including a Lamborghini – leading … Continue reading Pension freedoms see retirees cautiously dip into pots


Bank warns of possible negative interest rates - August 19, 2016
thumb image

With the Bank of England Base Rate falling to a quarter of a per cent, NatWest has written to approximately 850,000 of its business customers warning that interest rates may imminently go negative. The effect would be that businesses would be charged to hold funds with the bank. However, one of the possible reasons for … Continue reading Bank warns of possible negative interest rates


© Copyright Moore Thompson. All rights reserved. | Terms & conditions | Privacy policy | Sitemap
Moore Thompson is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales.
Accountants in Spalding | Wisbech | Market Deeping | Lincolnshire | Cambridgeshire | Peterborough