01462458863 enquiries@handefs.co.uk

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

Joan Joe
Herts & Essex Financial Services Ltd

Bancroft, Hitchin Tel: 01462 458863