Chadwicks News
Happy New Year!
As we start 2018, we would like to wish all our clients a very happy and prosperous new year!
As we start 2018, we would like to wish all our clients a very happy and prosperous new year!
Our offices will now be closed until Tuesday 2nd January 2018. Wishing all our clients a very Merry Christmas and a prosperous 2018!
New legislation has provided clarity on the rules around passing your ISA to your spouse on death. But what does happen to your ISA when you die? Up until April 2015, your ISA would have automatically lost its tax-free status, resulting in your surviving partner having to pay tax on any interest or returns earned on it. With many couples savings into their ISAs from joint income, this rule was seen as particularly unfair, especially Read more…
We have prepared a comprehensive guide to Wednesdays Budget which we hope you find useful. You may read the Guide by following this link https://www.chadwicksifa.com/wp-content/uploads/CHADMC-BUDGET_SINGLES.pdf If you wish to discuss any of the changes please contact us.
ISA tax advantages will be extended to investments held within an account after the death of the account holder. Draft legislation has been published that will provide that, subject to certain time limits, personal representatives and beneficiaries or legatees should not face income tax or capital gains tax on investments retained in an ISA during the administration of a deceased saver’s estate. Currently, any interest, dividends or gains in respect of investments in an ISA Read more…
NS&I has today announced that it is reducing interest rates on 1st May on four of its variable rate products – Premium Bonds, Direct ISA, Direct Saver and Income Bonds. In the spring, NS&I will be launching Investment Guaranteed Growth Bonds – a new 3-year savings Bond that was announced in the last Autumn Statement. The new Bonds will be available for 12 months from spring 2017 with an indicative interest rate of 2.20% gross/AER. Read more…