Autumn Statement – ISAs Inherited Tax-Free
Spouses and civil partners will be able to inherit their deceased partner’s ISAs and retain the tax advantages.
Autumn Statement – Pension Freedoms Confirmed
The Chancellor confirmed the new pension death benefit rules to be introduced in April 2015:
Autumn Statement – UK Economy
According to the Chancellor, George Osborne, the UK is the fastest growing economy in the G7.
Market Commentary – October 2014
A number of economic issues sparked a sharp sell-off in global equities between mid-September and mid-October, highlighted by a 7% fall in the MSCI World index.
European Central Bank steps up stimulus
Mario Draghi announced on 6 November that the ECB is prepared to inject 1tr euros to stimulate the eurozone in a bid to stave off deflation.
EU slashes eurozone economic forecasts
The European Commission cut its economic outlook for the eurozone on Tuesday, predicting it would grow only 1.1 per cent in 2015, down from a forecast of 1.7 per cent just six months ago.
Our Investment Commentary for Q3 2014 (1 July – 30 September)
Given that the third quarter of the year was a period plagued with geopolitical tension, the FTSE World index delivered a surprising gain of 2.7%.
New Changes to Intestacy Law
From 1 October 2014 the rules of intestacy have been simplified with the Inheritance and Trustees’ Powers Act 2014.
Italian economy on path to reform to escape stagnation
Italy faces enormous challenges. The Italian economy is in its third recession since 2008, having contracted for the second consecutive quarter by 0.2% in Q2 2014.
Chancellor abolishes 55% tax on pension funds at death
From April 2015, People with defined contribution pension savings will no longer have to worry about their pension savings being taxed at 55% on death.