If home is where the heart is, homeowners are consistently at the heart of any Budget and last week’s Summer Statement proved no exception. Prior to the Chancellor Rishi Sunak’s announcement last week there were whispers of a Stamp Duty Land Tax (SDLT) slash to be introduced from Autumn […]
Category Archives: Tax
25
Jun
Jun
Many of our clients are receiving Self Assessment Statements advising them that the payment due on 31 July 2020 does not have to be made by the due date. As a COVID-19 measure, H M Revenue & Customs announced that they will not charge interest and penalties on non-payment of […]
26
May
May
Former Labour Chancellor Roy Jenkins famously described Inheritance Tax as: “A voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue.” Inheritance Tax is now nearly 35 years old, but the comments made by Jenkins back in the day still hold a kernel of […]
07
May
May
The number of days spent in the UK is integral to the calculation of your UK tax position and the unusual circumstances of COVID-19 mean that some people may be spending more time in the country than normal. Whilst there is no extension to the number of days you can […]
09
Apr
Apr
Robson Laidler’s annual request for tax return information has now been sent to all our personal tax clients. As ever, our Tax Team requests that you please let us have this information as soon as possible. Tax Manager Lorraine Harnby advises: “The sooner we receive the information, then the sooner […]
20
Mar
Mar
As always we endeavour to keep you updated with the latest Government announcements on COVID-19 and how this effects you and your business. The document below lists the properties which will qualify for the 100% relief from Business Rates for 2020/21. Businesses in these sectors will also qualify for the £25,000 grant […]
10
Mar
Mar
Employment Allowance was introduced in April 2014, to support businesses and charities by cutting the cost of employment. Employment Allowance was however introduced the day after Statutory Sick Pay recovery was abolished. The £2,000 annual allowance was increased to £3,000 from April 2016. Employment Allowance is claimed by eligible employers […]
Blog, Financial Planning, Personal Finance, Tax, Wealth
Financial planning in the North East – fail to plan, plan to fail
27
Jan
Jan
It’s a well-known expression and one that we at Robson Laidler Wealth focus 100% of our client time on. To us, working with our clients is not about selling products, we’re always thinking about our clients’ plans and how we might help achieve them with good financial planning. Our priority […]
Blog, Family, Financial Planning, Pensions, Personal Finance, Retirement, Tax, Taxable Benefits, Wealth
What happens to my pension when I die?
20
Sep
Sep
One of the most regularly asked questions I get from clients is “what happens to my pension when I die”. Your pension can be your largest asset, often exceeding the value of your home. The rules governing pensions can be complex and have changed significantly in recent years. What happens […]
Blog, Family, Financial Planning, Later Life, Pensions, Personal Finance, Retirement, Tax, Wealth
Lifetime Allowance – Myths you need to know
18
Sep
Sep
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.