Newsletter April 2019
Contractors urged to seek advice on loan schemes
Contractors whose employers paid them through loans from offshore trusts are being urged to speak to HMRC as soon as possible or risk receiving huge tax bills.
Younger people ‘address protection needs too late’
Younger consumers are being encouraged to consider their insurance needs earlier in life, with three-quarters of advisers warning that they leave it too late.
A survey by Royal London of 205 independent financial advisors found that 74% believe younger consumers are addressing their protection needs too late in life.
Get in touch with Herts & Essex Financial Services to discuss income protection.http://www.handefs.co.uk/our-services/life-assurance
Retirees could face tax bill after court ruling
Pensioners could be facing six-figure tax bills following a High Court case that ruled in favour of tinkering existing company pension schemes.
In December 2018, the High Court ruled that pension funds needed to eliminate gender inequalities to comply with rules on guaranteed minimum pensions.
Contact us to discuss your savings strategy. http://www.handefs.co.uk/our-services/investments-and-nisas
Parents slow to embrace tax-free childcare
Only around 91,000 families in the UK took advantage of tax-free childcare in December 2018, government statistics have revealed.
Tax-free childcare provides help with childcare costs for working parents who earn more than £120 a week and less than £100,000 a year.
Talk to us about tax-free childcare. http://www.handefs.co.uk/our-services/taxation
source: PracticeWeb April 2019
Herts & Essex Financial Services Ltd
Bancroft, Hitchin Tel: 01462 458863