Newsflash!

Budget March 2012

The Economy

The Independent Office for Budget Responsibility (OBR) has revised upwards the UK forecast for 2012 from 0.7% to 0.8%.   The forecast for 2013 is 2%, for 2014 2.7% and for 2015/16 3%.   UK inflation is set to fall from 2.8% for 2012 to 1.9% for 2013.

Pensions

WEF April 2013 a new single-tier state pension will be introduced to be set above the means test at a minimum of £140 a week.   The Government is due to examine linking the state pensions age to life expectancy.

Child Benefit

This will be phased out when someone in a household has an income of more than £50,000, decreasing by 1% for every £100 earned over £50,000.   Only those earning more than £60,000 will lose the benefit completely.

Tax

WEF 21 March 2012

  • there is a new 7% stamp duty on properties worth more than £2m
  • there are also plans (15% stamp duty rate on properties worth over £2m within corporate envelopes) to clamp down on stamp duty avoidance by using companies to buy expensive properties.

WEF April 2013

  • the 50p top rate of tax levied on earnings of £150,000 or more will be cut to 45p
  • the personal income tax allowance will be increased to £9,205
  • age-related income tax allowances will be removed for new pensioners and replaced with the same personal allowance as the rest of the UK
  • there will be a new cap on tax reliefs set at 25% of total income for anyone claiming more than £50,000 in a year
  • Corporation tax will be reduced to 24%, with a further 1% reduction in 2013 and in 2014.

There will also be a simplified tax return process for small firms with a turnover of up to £77,000.

WEF April 2013/14

  • the higher income tax band will be reduced from £42,475 to £41,450.

 

Need advice?

01245 283594
Lines open Monday-Friday 9am-6pm
info@chelmsfordfinancial.co.uk
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Buy an ISA

Thursday, 22 January 2009 13:19
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Having decided which Merlin Fund(s) you require, print, complete and sign the Jupiter Stocks and Shares ISA Application to secure your sale. The Key Features includes details of the initial investment charge and discounts available.

 

Please note that by downloading the Jupiter Stocks and Shares ISA Application  you are confirming that you have read and accepted the Client Agreement, Execution-only Statement, Key Features and Factsheet.

 

Important Notice - Risk Warnings

 

All business transacted through The CFM ISA Discount Service is done so on a 'direct offer' basis. This means that we do not offer advice on whether any product we promote is suitable in your personal circumstances. None of the information is intended as a personal recommendation. If you have any doubts whether the ISA described is suitable for you, you should obtain independent financial advice. The advantage of purchasing an ISA through The CFM ISA Discount Service is that we are normally able to negotiate a discount on the set up cost of the ISA we offer.

 

CFM is authorised and regulated by the Financial Services Authority.

 

CFM is entered on the FSA register under reference number 461657.

Registered Office:

The CFM ISA Discount Service
Chelmsford Financial Management LLP
81 Springfield Road
Chelmsford
CM2 6JL
telephone: 01245 283594
email: ifa@cfm-advisers.co.uk

If you wish to register a complaint against CFM, please write to the Compliance Officer at the above address.

 

If you cannot settle your complaint with us, you may be entitled to refer it the Financial Ombudsman Service.

 

We are covered by the Financial Services Compensation Scheme (See Client Agreement)

 

Investment Risk

 

The value of units and the income from them can fall as well as rise, as a result of market or currency fluctuations and you may not get back the amount originally invested. Past performance is not a guide to future performance. You should regard the ISA outlined on this website as an investment which should be held for the medium to longer term. If you withdraw money early from your investments, there is a risk that you may not receive back the full amount invested. Please ensure that you read the Key Features and full product literature before choosing to make an investment.

 

Taxation

 

Taxation is subject to statutory change and the value of tax reliefs will depend upon your individual circumstances.

 

The products outlined here may be subject to taxes or costs that are not imposed by CFM.

Last Updated on Wednesday, 20 October 2010 08:11