Increase In Inheritance Tax Paid This Year
It has recently been revealed that there was an increase in the amount of Inheritance Tax paid this year. Inheritance Tax (or IHT, as it is commonly known) is paid…
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Don’t delay financial planning, book a covid safe meeting today
Covid-19 has been very disruptive, but you should not let it get in the way of your personal financial planning. With the Covid-19 vaccination programme well under way and restrictions…
March 2020 Update
In these challenging and uncertain times we want to reassure clients that although in line with government recommendation we are no longer offering face to face consultations we are offering…
Should I give my house to the kids to avoid tax?
Most people know that gifts to children, such as a cash lump sum, are tax-free if you survive for at least 7 years after the gift is made. This can…
How to protect your ISAs from Inheritance tax
An ISA (Individual Savings Account) currently allows you to save up to £20,000 a year without paying tax on the returns. This makes it a very popular and tax-efficient way…
Making cash gifts to your kids
A client got in touch recently to check if they were allowed to give £500 a month from their pension income to their children. This simple answer to this is…
The Markets
2016 turned out to be a real rollercoaster and was full of suprises but in the most cases positive returns were seen in the money markets. What can we expect…
Good News
I'd like to welcome my daughter Hannah Edwards into the Portland family as our new trainee planner. She decided after 20 years as a nurse she wanted a new challenge…
Christmas Wishes
From everyone at Portland Financial Planning - we wish you a very Merry Christmas and a Happy New Year.
State pension update
The Chancellor has announced that from 6th April 2016 the state pension will rise to £155.65 a week, £8,094 a year. However, despite Pensions Minister Baroness Altmann hailing the new…
2015 Summer Budget
There has been a lot of positive press around Chancellor of the Exchequer George Osborne's first budget of the new Tory-majority government. For all but the wealthiest, the family home will…
The Budget – What a Surprise…
The 2014 Budget announced groundbreaking reforms in the pension tax rules and a huge boost to Individual Savings Account rules. Portland Financial Planning see it as one of the most exciting…