01462458863 enquiries@handefs.co.uk

Newsletter September 2018

MPs call for the Lifetime ISA to be abolished

MPs have rounded on the Lifetime ISA (LISA), calling for the savings product to be withdrawn less than 18 months after it was introduced.

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

Financial insecurity ‘delays life milestones’ for 30-somethings

Millennials in their early 30s are one of the UK’s least financially resilient age groups, according to a study from insurance company LV=.

The study found that financial insecurity could be a problem for around 4.7 million people, who show caution in tough economic conditions when it comes to starting a family and buying a home.

Get in touch with Herts & Essex Financial Services to discuss managing your finances.http://www.handefs.co.uk/our-services/mortgages

Stamp duty tax break helps 121,500 first-time buyers

More than 121,500 homeowners have benefited from stamp duty land tax (SDLT) being abolished for most first-time buyers on all properties worth up to £300,000 in the first half of 2018.

Government statistics showed those who took their first steps on the property ladder between 1 January 2018 and 30 June 2018 saved a combined £284 million in SDLT.

Talk to us about personal tax planning. http://www.handefs.co.uk/our-services/taxation

Saving levels fall among UK workers

Employees in the UK are earning more in 2018 but saving slightly less compared to last year, research has shown.

Aldermore surveyed 4,009 people and found that despite the average annual salary in the UK increasing to £24,732 in 2018, savings have dropped by £1,798 or 1% year-on-year.

Contact us at Herts & Essex to discuss your savings. http://www.handefs.co.uk/our-services/life-assurance

source: PracticeWeb September 2018 

Joan Joe
Herts & Essex Financial Services

Bancroft, Hitchin Tel: 01462 458863 http://www.handefs.co.uk