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JTX Partners
Men born after 5 April 1951 and women born after 5 April 1953 are able to buy extra National Insurance years to top up their State Pensions. If you are eligible, you may be able to make up for gaps between tax years April 2006 and April 2016  – this needs to be done before 31st...
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New research has found that over a third (37%) of those aged 18 to 34 either have, or think they will need to, ask for financial help to deal with the current cost-of-living in the UK. Generations Rather than 20-and-30-somethings going online, or seeking help from famous TV personalities such as Martin Lewis – research...
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Jeremy Hunt has made some significant changes to pensions in his spring budget yesterday. The changes bring the wind back into the sales of high earners who’ve pulled away from contributing somewhat so as not to exceed lifetime allowance. The changes are below: Lifetime Allowance The lifetime allowance itself is set to be abolished from April 2024,...
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China has prompted hopes of a broader economic boost to the region. China is a big consumer of hard commodities and this should help support Asian and emerging stock markets. While China’s re-opening has been grabbing all of the headlines at the start of the year, an old familiar story is still lurking in the...
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It’s a common misconception that if you’re a member of a workplace pension scheme, your pension contributions will automatically increase in line with your pay rise. But this isn’t always the case. How They Work Some employers base contributions on a percentage of your total salary, which means the amount you pay into your pension...
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Basic-rate tax relief is collected automatically, but if you’re a high earner you will need to claim your extra tax relief through self-assessment. You can claim tax relief for the last four tax years which can have a huge impact on how much you end up with in retirement. You can also let HMRC know...
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January is a great time to review your finances and make sure everything is running smoothly. With high inflation and taxes on the rise, the changes you make today could have a significant impact on the health of your finances in this year and beyond. Here are some financial resolutions that could help you commence...
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If your dual house income is quite high there are some tax nuances you’re able to take advantage of individually and with your partner. Strategic Pension Contributions Utilising ISA and pension allowances might not be right for everyone, but these are usually the most popular tools to help save on UK income tax and capital...
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Times as they are our Wealth Managers are finding themselves advising more on optimising personal taxation as a hedge against inflation rather than investment advice. Here are the main changes in 2023: Income tax The basic rate of income tax will remain at 20%. Other rates will remain the same, though the Autumn Statement announced...
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The media may be negative on the UK housing market but when it comes to the UK, owning a property is more positive than it may seem.  The Negative Narrative – First Time Buyers The narrative we hear around the housing market is of an investing context. This consists of forecasts that are a couple...
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