Topics covered this week in the attached: Greek tragedy ever closer US Growth comeback UK GDP Steady as small business loans increase China: great returns can come with a lot of uncertainty For the latest Market Comment please click below. Tatton’s Weekly 29 May 2015
Q. My two children are aged 14 and 10. The younger child received a child trust fund but the older one missed out. We like to treat them equally so invested in a Junior ISA for the elder child a few years ago. I understand that Child Trust Funds have now been stopped, so what… Read more »
Q. I have £12,000 to invest before the end of the tax year. I am 53 years old, and a higher rate taxpayer. Would you suggest an ISA or a Personal Pension contribution? A. The short answer is “Yes”. Both ISAs and Personal Pensions are tax-efficient ways to invest, and with the changes in April meaning that… Read more »
Q. I am a pensioner with an annual income of about £13,500. Will I be able to benefit from the new 0% starting rate for tax? A. Yes with any savings income. From 6 April 2015 the 10% rate that currently applies to savings income falling within the starting rate band of £2,880 will be abolished and… Read more »
Q. I have heard that only half of people will qualify for the full state pension when they switch to the single tier pension in 2016. How is this? A. Currently people reaching state retirement age receive a pension made up of two elements. First there is the basic old age pension. Then there is the State… Read more »
