Category: Finance

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Dividends and ISA’s

There is a wee bit of confusion when it comes to taxation on ISA dividends. Aren’t they tax free ?. Well sort of… An ISA (Individual Savings Account in the U.K.) is a “tax-efficient” investment, but it is not tax free in all cases. Regarding dividends, the dividend is paid with a 10% tax deduction […]

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Withdrawal of pensions

You will be able to make any withdrawals you wish from your pension fund after 5 April 2015. Before that date there are restrictions over how much you can withdraw, but you can still take 25% of your fund as a tax-free lump sum. Any amount taken in excess of the 25% tax-free lump sum (before or after 5 April 2015) […]

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Pension auto enrolment – does a company with only directors have to bother with auto enrolment?

by merciagroup on 19 May, 2014 The question as to whether companies with only directors and no employees have to bother with auto enrolment will increasingly be asked as auto enrolment starts to affect smaller businesses. This is not actually an easy question to answer. So here’s my view. Companies with more than one director […]

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Risk aversion or risk ambiguity ?

by David Bell | May 16, 2014 (from FINSIA http://www.finsia.com/news/news-article/2014/05/16/you-have-an-aversion-to-what-is-it-risk-or-ambiguity) ‘Risk aversion’ and ‘ambiguity aversion’ sound like similar, albeit complex, terms. But they are distinctly different and can potentially, in combination, explain lots of the investment behaviours we observe in practice. They are also useful concepts for industry to become more engaged with. By defining […]

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Autumn statement & charities/churches

Today, 5th December 2013, the Chancellor made his “Autumn statement”. Here are the Charity/Church relevant details in summary; – Set up a new working group to revise the model gift aid declaration – Develop new “marketing collateral” to try to increase take-up of the tax relief by donors. The Government said it wanted as many […]

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Leaving it to charity

If you haven’t made a Will, you should do so without delay. If you don’t have any relatives you want to leave your estate to, consider making a Will that leaves most of your assets to specified charities. This avoids the potential problem of intestacy (dying without a Will). THIS IS TAX EFFICIENT BECAUSE GIFTS […]

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Gift Aid small donation scheme

Starting April 2013, HMRC will introduce “GASDS” (gift aid small donation scheme). This is a new scheme to enable Gift Aid style payments on CASH DONATIONS where it is difficult to get a gift aid declaration (such as bucket donations or church “plate” donations.) Charities and amateur sports clubs (CASC’s), will be able to claim […]

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“Freeing up” restricted funds

Charities now have access to a new means of “freeing up funds” for charitable purposes. The “Charities Restricted Funds Reorganisation (Scotland) Regulations 2012” came into effect on 1 November, allowing charities to apply to OSCR to “unlock assets” that cannot currently be used, due to outdated restrictions. “Restricted funds” are assets which someone has given […]

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The Euro problem in simple terms.

Here is my take on why the world is in an economic mess ATM (at the moment). Beware…I am Australian “trained” and living in Scotland…so you know I will be right !. The Euro was created to remove transaction costs, administration barriers and competitive devaluations. In classic Keysian terms, the weaker economies of The Union […]

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Capital gain or trade ?

How do you know if a sale is subject to capital gains tax, or if it is a routine trade ? If you buy and sell a property or 2, is your profit a capital gain, or a trade sale ? A simple way of getting an answer to this common question is found in […]

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