Monthly Archives: September 2019

UK residential property capital gains tax – new rules

residential property capital gains tax

On 6 April 2020 new tax rules are being introduced which mean that: • All sales of UK residential property, – on which there is a chargeable capital gain, – must be reported to H M Revenue Customs within 30 days of completion; • The tax must be paid at […]

Pensions in your twenties and thirties?!

young person pension planning

As a thirty something (and hurtling towards the big 40) I often find myself thinking about retirement and what it’s going to look like.  Not necessarily what I’ll be doing or the fact I’ll be finished work forever (yippee), I’m thinking about money, my pension, and will I have enough […]

Temporary Increase in Annual Investment Allowance – Importance of Timing

Capital Allowance

Are you aware of the temporary increase in the tax allowance available on your plant and machinery expenditure? With effect from 1 January 2019, the Annual Investment Allowance (AIA) has been increased from £200,000 pa to £1,000,000 pa for a two-year period only. However, if your accounting period extends beyond […]

Lifetime Allowance – Myths you need to know

lifetime allowance

For those who haven’t heard of this before, the Lifetime Allowance (LTA) is the amount that a UK individual can hold in a registered pension arrangement(s).  Now the LTA is £1.055m and it is set to increase with CPI every year.

Budgets and cashflow for Dentists and GPs

Budgets healthcare

Major changes within General Practice over recent years have pushed GPs to move towards larger practice status, in particular there has been a rise in ‘super-size practices.’ With the new 5-year contract seeing an even bigger reform to GP services, the need for practices to work together, whether this be […]

NHS Pensions – handy hints to plan your exit

NHS Pension

There are loads of articles in the press right now about doctors leaving the NHS.  You may be wishing it was you? For most of the doctors I meet, their NHS Pension will underpin their retirement planning.  So, it’s probably a good idea to get clued up/take some advice if […]

Financial Planning for North East Women

Financial planning for women

Come on ladies, it’s time to get a handle on long term finance! There have been a number of headlines recently about women not taking responsibility for their longer-term planning, many leaving it to their partner. Is this a problem? Perhaps not for some, but in my job I see […]

Worldwide Disclosure – what does it mean?

Worldwide Disclosure

In recent months HMRC has issued a flurry of Requirement to Correct (RTC) letters urging individuals to disclose their worldwide income and gains and ultimately aims to recover unpaid tax.  But what do these letters mean?   Our world is becoming ever smaller and interconnected. Whether it be a 10am Skype […]