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Barrister Life Style Blog

Browsing the "Independent Financial Advice" Category

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QCs and accountants in the firing line as HMRC confirms it plans to seize more than £100m from professional advisors

Confirmation that footballers ‘image rights’ may face clampdown  In the Budget, HMRC confirmed that it planned to seize £115m in the next five years from professional advisors who have enabled another person or business to use a tax avoidance arrangement [...]

March 9, 2017 Independent Financial Advice
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Taking advantage of the new rules allowing barristers to incorporate

  Since April 2015 barristers have been able to incorporate, gaining the advantages of trading as a limited company rather than as sole traders. The company must be owned by lawyers, but not necessarily barristers. Even this restriction is due [...]

February 20, 2017 Independent Financial Advice
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8 Essential Tax Savings ideas and Tax Year end checklist

The check list: 1.    Capital Gains Tax relief Review your investments and gains made to date. Have you made use of the £11,000 for yourself and your spouse? If not does it make sense to sell some of the investments [...]

February 12, 2017 Independent Financial Advice
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“A one percent cut in fees can secure an extra decade or more of comfortable retirement” says Netwealth

  The average UK wealth manager charges 1.8% a year. Lower fees offered by some challenger brands could considerably extend the life of a pension pot. Research by wealth manager Netwealth Investments shows that a saver in mid-career who invests [...]

November 30, 2016 Independent Financial Advice
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Personal wealth management for barristers: A new approach

After a 20 year career at Goldman Sachs, the last 5 of which as co-head of private wealth for EMEA and Asia, I found myself in a state of paralysis when it came to my own finances. I knew that I [...]

September 3, 2016 Independent Financial Advice
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Freedom. But at a price?

 We are now over a year into the new, more flexible, pensions legislation and a clearer picture is starting to emerge around how people are taking advantage of their new found freedom. In simple terms, the new legislation allows people [...]

August 26, 2016 Independent Financial Advice
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Barrister’s Pension Contributions

Opinions vary on the benefits of pensions.  With falling annuity rates, some no longer regard them as the security for retirement that they used to be, preferring alternative strategies such as ISA’s, buy-to-let properties and personal investment portfolios. But, as [...]

August 24, 2016 Independent Financial Advice
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Bank of England acts to remove the downside economic risks  

Monetary policy is the shock absorber for the economy. That has been the message since the financial crisis. It is a message that has been reinforced today by the Bank of England. Six weeks after the Referendum the Bank announced [...]

August 5, 2016 Independent Financial Advice
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Is My Pension Covered By The FSCS?

Unfortunately there is no easy answer to this one. It depends on what kind of pension you have. Why is it so complicated? For many people, intuitively pensions are investments; so one might expect them to be covered under FSCS [...]

June 22, 2016 Independent Financial Advice
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How to reduce your tax bill using investments

  The obvious route is to use pensions. You can put up to £40,000 in the current year into pensions and get tax relief at your highest marginal rate. You can also go back to the previous 3 years and [...]

June 17, 2016 Independent Financial Advice