personal finance Archives - Page 7 of 11 - Whitefield Tax - Isle of Wight Accountants

New state pension: what the changes mean for you

by Jessica Garbett | May 26, 2016 | ACCA, pension reform, pensions, personal finance

The Department for Work and Pensions introduces the new state pension. The new state pension has been introduced for people who reach state pension age on or after 6 April 2016. You’ll be able to claim the new state pension if you reach state pension age on or after 6...

Budget 2016: Lifetime ISA and ISA update

by Jessica Garbett | May 5, 2016 | ACCA, budget, personal finance, personal taxatation

Alongside auto-enrolment is the lifetime ISA the new pension for the under 40s? From April 2017, any adult under 40 will be able to open a new Lifetime ISA from which they will also be able to withdraw amounts they have contributed. Making contributions Up to £4,000...

Treatment of tax interest changing

by Jessica Garbett | Apr 10, 2016 | ACCA, personal finance, personal taxatation

From April interest will be paid to savings accounts gross. At present, in general, banks and building societies deduct 20% tax from the interest earned on non-ISA savings before paying the interest to the account holder. From 6 April 2016 banks and building societies...

ISAs and the next year

by Jessica Garbett | Apr 5, 2016 | ACCA, personal finance, personal taxatation

Savers will be able to re-invest withdrawals into ISAs. The announcement about a lifetime ISA for first home purchases is covered separately. From 6 April 2015 to 5 April 2016 the annual amount which can be paid into an Individual Savings Account (ISA) has been...

Spring Budget: Lifetime ISAs

by Jessica Garbett | Mar 26, 2016 | ACCA, budget, personal finance

Young savers can save £4,000 per annum and get 25% bonus from the government. Up to £4,000 can be saved each year. The government will pay in a 25% bonus on these contributions at the end of the tax year. Savers will be able to make Lifetime ISA contributions and...

Spring 2016 Budget and Technical Briefing

by Jessica Garbett | Mar 16, 2016 | budget, business issues, business taxation, capital taxation, dividends, financial reporting, IR35, pension reform, pensions, personal finance, personal taxatation, property taxation, PSC

We’ve added a briefing on todays 2016 Spring Budget and other current technical issues 20136 03 technical briefing

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New state pension: what the changes mean for you

Budget 2016: Lifetime ISA and ISA update

Treatment of tax interest changing

ISAs and the next year

Spring Budget: Lifetime ISAs

Spring 2016 Budget and Technical Briefing

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