Financial Planning

February 2016

Is 2016 the ‘year of the first-time buyer’?

By |February 22nd, 2016|

Financial Reporter have stated that 2016 could be the ‘year of the first-time buyer’ encouraged by low interest rates, initiatives such as Help to Buy, and buy-to-let investors facing increasingly adverse taxes.

Government initiatives and low interest rates are aligning with more property choice for first-time buyers, with 10% year-on-year jump in the number of two […]

New dividend tax regime

By |February 18th, 2016|

What could the new system mean to you?
From April this year, the notional 10% tax credit on dividends is to be abolished and will be replaced by a new tax-free Dividend Allowance. The Dividend Allowance means that you won’t have to pay tax on the first £5,000 of your dividend income, no matter what non-dividend […]

Help to Buy ISA opened every 30 seconds

By |February 17th, 2016|

According to Mortgage Advice Bureau A quarter of a million first-time buyers have opened a Help to Buy ISA since the scheme launched in December last year.

The number of ISAs opened means that there is an equivalent of one person opening an account every 30 seconds, or just over 3,000 per day, and over 25,000 […]

Pension credit

By |February 15th, 2016|

Cuts for people who go abroad for over a month
People who go abroad for over a month will no longer be eligible for pension credit. At present, housing benefit and pension credit recipients can go abroad for up to 13 weeks while continuing to receive payouts.

The spending review says: ‘The benefit system should not subsidise […]

Mortgage lending rockets as property investors rush to beat April tax change

By |February 12th, 2016|

House purchase approvals were up 20% between December and January, fuelled by the buoyant buy-to-let sector.

Mortgage Solutions yesterday said, The January Royal Institution of Chartered Surveyors (RICS) survey reported a surge in new instructions in January with buy-to-let investors rushing to get into the market ahead of the 3% Stamp Duty hike, intensifying price rises despite […]

Reasons for investing

By |February 12th, 2016|

Taking a long-term view to wealth creation
Stock markets can be unpredictable. They move frequently – and sometimes sharply – in both directions. It is important to take a long-term view (typically ten years or more) and remember your reasons for investing in the first place. We at Hutt Professional are able to offer you independent […]

5 steps to a brighter retirement

By |February 9th, 2016|

Concerned about the financial aspects of retirement planning?
With all the talk and concern about dwindling retirement funds and our shaky economy, many retirees and soon-to-be-retired boomers are concerned about the financial aspects of retirement planning. These are 5 steps to give you a brighter retirement.

1. From 6 April 2015, on reaching the age of 55 you can […]

Let to buy booms ahead

By |February 5th, 2016|

The number of let-to-buy cases being handled by brokers is booming, with the sector accounting for one in eight mortgages in the final quarter of 2015, according to a study by Paragon Mortgages.

Yesterday Mortgage Solution said that the specialist lender found that for 10% of mortgage advisers, let-to-buy deals represented more than 30% of their […]

Investment opportunities

By |February 5th, 2016|

Building a consistent, long-term and well-diversified investment strategy
To make the most of your investment opportunities, allow your lifestyle and not stock market fluctuations to dictate your investment approach. Your goals are what count, so keep them firmly in mind when you make financial decisions. If you wish to seek independent financial advice on your investments […]

Retirement

By |February 3rd, 2016|

Consolidating pensions
Most people, during their career, accumulate a number of different pension plans. Keeping your pension savings in a number of different plans may result in lost investment opportunities and unnecessary exposure to risk. However, not all consolidation of pensions will be in your best interests. You should always look carefully into the possible benefits […]