Q. I noticed that the Summer Budget announced last week there is going to be a fundamental review of tax relief for pension schemes. Could tax relief for pension contributions disappear altogether? A. You are right, the Government has already kicked off a fundamental review of the pension tax framework to ensure it remains fit for purpose,… Read more »
Topics covered this week in the attached: A ‘red’ or ‘blue’ UK budget? UK House prices jump as new supply dwindles US Central Bank minutes –rate rise not in sight European data solid despite Greek drama China meets its match: Free markets Commodity price update Has Barclays had enough? For the latest Market Comment please… Read more »
Q. I have a holiday cottage which I rent out to pay the mortgage, and sometimes use myself. I have recently had the council tax bill through, and was wondering whether I qualify for the single person discount, when there are often more people than that staying in it? A. The answer could actually be better than… Read more »
Topics covered this week in the attached: Games over in the Greek Saga US employment undershoots in June Q1 GDP contraction in US smaller than previous estimates A bad month for the UK’s internationally-focused blue chips UK economic growth revised upwards New survey shows consumer confidence at ‘early noughties’ high When doves cry – Bank… Read more »
Q. My partner is putting pressure on me to make a Will but I am reluctant as solicitors are expensive and she will get everything anyway. Am I wrong? A. If you don’t have a will when you die, your money, property and possessions will be shared out according to the law instead of your wishes. This… Read more »
