01462458863 enquiries@handefs.co.uk

Newsletter July 2019

Consumer ‘demand for cash ISAs has increased’, report claims

The number of cash ISA products on the market has increased from 301 to 437 since the introduction of the personal savings allowance in 2016/17.

The personal savings allowance enables basic-rate taxpayers to receive up to £1,000 a year in tax-free savings income.

Talk to us at Herts & Essex Financial Services Ltd about your savings strategy. http://www.handefs.co.uk/our-services/investments-and-nisas


Existing homeowners boost mortgage market

Competitive mortgage rates fuelled an increase in the number of existing homeowners who took out new loans in the first five months of 2019.

According to e.surv, residential 65,801 residential mortgages were approved in May 2019 alone – up 1.2% year-on-year.

We at can arrange mortgage advice.  http://www.handefs.co.uk/our-services/mortgages


Most gifters are ‘unclear on inheritance tax rules’

Most people making gifts of money or assets are unaware of inheritance tax rules that might apply to them.

Research of 2,090 people conducted on behalf of HMRC found that only 25% of those who recently made a gift had a ‘working knowledge’ of the rules.

Speak to us at Herts & Essex Financial Services Ltd to understand the rules on gifts.  http://www.handefs.co.uk/our-services/estate-planning  http://www.handefs.co.uk/our-services/taxation


More people downsizing to boost retirement savings

An increasing number of homeowners either in or nearing retirement are downsizing to fund a comfortable retirement.

Key Retirement’s reseach showed the number of homeowners selling up to pay off credit cards or loans hit 35% at the end of March 2019 – up 5% year-on-year.

Get in touch to discuss boosting your pension pot.  http://www.handefs.co.uk/our-services/pensions

source: PracticeWeb July 2019

Joan Joe
Herts & Essex Financial Services Ltd

Bancroft, Hitchin Tel: 01462 458863