Buy to Let Property...big tax hike?

One of the dilemmas facing the new government is how to raise money by increasing taxes. Politicians do no like increasing income tax because it is unpopular.

One area which is being considered is Capital gains Tax which affects Buy to Let Property amongst other things. It is being suggested that the tax on the profits of selling such a property could be raised from 18% to 40 or even 50%.

It is one area where it could be vital to talk to a financial planner.

Posted by Sean Wilson, APFS, Independent Financial Advisors (IFA), Swindon, Wiltshire.

How do the markets affect us?...pensions

Over the past week, we have had journalists, politicians & academics talking about...the markets.

So, how do the markets affect us?

The most direct way is a fair portion of people's pension money will be invested in UK shares. So if shares rise, your pension can go up, if they go down your pension value goes down.

If your pension has been invested in UK shares, your pension has probably  gone nowhere in the last 10 years.If that is the case, it is worth taking advice from a professional adviser about how to spread the risk and diversify.


Posted by Sean Wilson, APFS, Independent Financial Advisors (IFA), Swindon, Wiltshire.