Financial Planning

April 2016

Financial resilience

By |April 27th, 2016|

Providing a valuable safety net for you or your family should you become ill or die
If you became sick or injured, how would you meet your monthly financial commitments or even your medical bills as you recover? Protection insurance can be a valuable safety net for you or your family should you become ill or […]

Mortgage lending surged to £25.7bn in March

By |April 22nd, 2016|

March saw the highest level of mortgage lending on record since before the credit crunch.

In One of Mortgage Solutions articles they stated that Mortgage lending in March rose to a massive £25.7bn, according to the Council of Mortgage Lenders – the highest March figure since 2007.

This lending boom was fuelled by buyers racing to beat the […]

Tax-efficient investments

By |April 22nd, 2016|

Options to minimise how much tax you pay

By understanding which investments are the most tax-efficient, you can make the most of your options to minimise how much tax you pay.We at Hutt Professional could offer you the independent financial advice you may need on this to help you understand whats more tax efficient for your […]

What is Lifetime allowance

By |April 20th, 2016|

The lifetime allowance will be cut from £1.25 million to £1 million from 6 April 2016 – the maximum amount people can build up in their pension pot during their lives. This is the third reduction in four years, leaving the allowance at less than half the level originally intended, when it was to be […]

What is Annual Allowance

By |April 18th, 2016|

The Annual Allowance is the amount you can pay into a pension fund each year and get tax relief. From 6 April 2016, the Annual Allowance will be tapered from £40,000 for those with earnings of £150,000 or less down to £10,000 for those with income of £210,000 or more.
For this purpose, income isn’t just […]

The impact of further pension changes on the horizon from this April

By |April 15th, 2016|

Pensions have been transformed by the arrival of freedom reforms on 6 April 2015 which now give much greater flexibility over what you can do with your pension pot. The new freedoms mean you can enjoy far greater choice on how you spend and generate an income from your pensions, but with further changes on the […]

Buy-to-let lending up 60% ahead of stamp duty changes

By |April 14th, 2016|

According to The Guardian , Council of Mortgage Lenders reports a near-50% increase in the number of buy-to-let loans taken out, with first-time buyer mortgages up by 11%.

Lending to buy-to-let investors rose by almost two-thirds in the 12 months to February, as some landlords took advantage of low interest rates to remortgage, while others added […]

Buy-to-let landlords keep benefiting from cheaper mortgages

By |April 13th, 2016|

In an article in which the Guardian had published on the 11 April they stated that Buy-to-let landlords are continuing to benefit from falling mortgage rates, according to new data, despite policymakers saying they are keeping a close eye on the fast-growing sector.

They had also stated that data from finance website Moneyfacts shows that the average […]

Homeowners with ‘granny flats’ look set to avoid 3% Stamp Duty surcharge

By |April 12th, 2016|

According to Mortgage Solutions Property owners with a ‘granny flat’ in their grounds look set to avoid the 3% Stamp Duty surcharge aimed at buy-to-let investors and second homes following an intervention by Sir Eric Pickles.
MPs had gathered together in the House of Commons yesterday to discuss the details of the Finance Bill which, among other […]

Income matters

By |April 12th, 2016|

Facing retirement with an annual income shortfall of £12,600!
The UK’s mass affluent investors face an average annual income shortfall of £12,610 in retirement. This jumps to a staggering £28,000 shortfall among the mass affluent millennial population, according to the BlackRock Investor Pulse survey.

Nearly three quarters (73%) of mass affluent Britons say it’s important for them […]