With interest rates now the highest they’ve been since the Global Financial Crisis (GFC), are Premium Bonds still worth it? The answer depends on who you ask. With Premium Bonds, it has long been considered that there is no risk to your capital, it is only the ‘interest’ element that is a gamble. And as…
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At Foresight, we always aim to provide the best service for our clients and work hard to maintain these standards. However, it is always good to have outside recognition of our efforts. We are proud to announce that have been awarded the Solidus Achievement of Excellence for our Estate Planning and Trust based solutions. Solidus…
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The Chancellor, Rishi Sunak, has delivered his Spring Statement. Whilst this was originally not intended to be a fiscal event, there were a number of tax announcements. In addition, the Chancellor published a “Tax Plan” for the remainder of the Parliament with a warning that the invasion of Ukraine “presents a risk to our recovery”.…
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The rise of blended families, where people have multiple marriages and children with different partners, means that the inheritance arena has changed considerably. From the traditional family setup to now including stepparents, stepchildren, divorced parents, and siblings with large age gaps, writing your Will just got a whole lot trickier. Many people assume that their…
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We have already reached the time of year when many New Year’s resolutions have already been broken. However, one resolution that you should have had and should now be a habit is to be a better investor. And that means learning to hold your nerve. Moving forward you want to continue to ignore, as hard…
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When the Prime Minister announced that National Insurance rates were to be increased from April to fund the NHS and social care reform, there was a general consensus that the extra funds were a welcome way to improve the NHS. However, the tax rise now means that graduates will face a 49.8% tax charge on…
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We are delighted to announce that Simon Booth, our Managing Director, and Lissa Horton, our Director of Operations, have tied the knot. Simon and Lissa married in mid-January at Chelsea & Kensington Registry Office in London – where all self-respecting rock stars get hitched. They told no one about their secret marriage preparations and even…
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Taxpayers are exempt from Inheritance Tax (IHT) if the value of their estate is below a threshold of £325,000, or £650,000 under a joint allowance, or if the estate is left to a spouse, civil partner, a charity or a community amateur sports club. In the wake of massive pandemic-related spending, HMRC netted £254m in…
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The headline rate for the Consumer Prices Index inflation increased to 5.4% in December, a rise from 5.1% in November, and the highest rate in 30 years. With the Bank of England seeming more hawkish on inflation, interest rates have risen again to 0.5%, at this month’s Monetary Policy Committee meeting. This rise to 0.5%,…
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Individual Savings Accounts (ISA) were introduced over 20 years ago, in the last millennium even, and have always been a very tax-efficient way of investing, with no liability to either Income Tax or Capital Gains Tax on the invested funds. These days ISAs offer the opportunity to invest up to £20,000 annually per person. Unlike…
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