News

Welcome to our Blog. Your one stop shop to keep up to date with all the latest goings on!!

According to the latest statistics 121,500 first-time buyers have saved a total of £284,000,000 following the introduction of a relief for first-time buyers under the Stamp Duty Land Tax rules which apply in England and Northern Ireland. Over the next five years, it is estimated that this relief, part of the UK government’s housing policy will help over 1 million people gettin ...

The below has been taken from the FT Adviser website published on 18th April 2018 (https://www.ftadviser.com/your-industry/2018/04/18/mystery-shopper-hayes-west-london/): Each week the mystery shopper seeks advice from independent advisers in the UK. The aim is to find out whether advisers are delivering the goods when it comes to the all-important initial telephone contact be ...

Today is the launch of the Ward Williams Financial Services Ltd 15th Anniversary celebrations!! We will be sending a gift to all of our clients with a card, adopting 10 hedgehogs, providing Knowledge Slots for our staff, a new 15th Anniversary logo, 15th Anniversary stickers, marking the achievement with updates on our Website, Twitter and LinkedIn, cakes, and maybe the opportu ...

Aretha Franklin, the “Queen of Soul”, died intestate, leaving a fortune estimated at $80 million (£62.4 million). In addition to Aretha Franklin, a list of celebrities who have also died intestate, include: Rik Mayall; Amy Winehouse; Michael Jackson; Bob Marley; Pablo Piccasso; Jimi Hendrix. There are approximately 30 million adults in the UK, who do not have a Will ...

IHT, Tax

Inheritance tax (IHT) as it is understood  today was introduced in 1796 as a levy on the wealthy, but rising property prices and tax thresholds that have not kept pace with inflation mean that the number of estates that fall into the IHT net is ever growing. A series of exemptions have been introduced to allow families to give away more of their assets tax-free, but the system ...

IHT, Tax

HMRC has launched a consultation on draft proposals to ban pensions cold calling. Under the proposals, unsolicited marketing calls relating to pensions could be banned, alongside cold calls that offer a ‘free pension review’. The government also outlined its intention to ban cold calls that promote retirement income products, such as drawdown. The consultation closed on 17 A ...

HMRC has highlighted that three million UK couples have already taken advantage of Marriage Allowance but a million more are still eligible for the tax break. The Marriage Allowance allows certain couples, where neither pay tax at more than the basic rate, to transfer 10% of their unused personal allowance to their spouse or civil partner, reducing their tax bill by up to £238 ...

Tax

We live in a world where families with young children often have both parents in full time employment. A decision is sometimes made for one parent stay at home and be a full time homemaker. This person may be the husband or wife. Life insurance is usually taken out to protect a family against the financial effects of the death of a breadwinner. The idea that a homemaker needs ...

IHT

The Bank of England has raised the interest rate from 0.5% to 0.75%. The quarter of a percentage point rise sets the rate at its highest level since March 2009. The rise in the interest rate will no doubt increase the interest costs of residential mortgages that have variable or tracker rates. It will be interesting to see if the rise in the rate is passed on to savers. In re ...

Tax

The Government is reminding ‘stressed out parents’ that help may be available for childcare costs during the summer holidays. According to a YouGov poll, 31% of parents feel stressed trying to arrange childcare for the school holidays. The poll, for HMRC, also found that around 30% of parents worried about balancing their job and school holiday childcare. With 54% admitting th ...

Tax