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Spring 2015 Newsletter

As the country gears up for the forthcoming general election in May, there are lots of important points to consider when it comes to your finances.  We hope you enjoy reading our spring edition of Financial Focus.


Our feature this edition is Time to wake up to year end tax planning, a reminder that as 2015 gets underway with the annual Budget in March and a general election in May (not to mention the possibility of a further Budget in the summer), a review of your tax planning is more important than ever.


Our other stories include: Some Autumn Statement surprises, we give you the lowdown on the Chancellor’s announcements at the end of last year.


Inter-generational pension plans You may be interested to know that pension reforms could mean that your pension plan can pass down from generation to generation.


The new state pension on the horizon Make sure you are up to speed with the latest developments on the radical overhaul of the UK’s pension system which is due to take place in 15 months time.


Time to think about overseas income Investing in the UK isn’t the only option if you are an investor – it could be worthwhile investing overseas, where there is a growing choice of attractive funds.


Residential care cost changes April 2015 will see major changes in the way that local authorities decide what support they can provide should you need care. Make sure you are fully aware of the changes so you can plan for yourself and your loved ones.


Something else to think about this Spring is the Government’s 65+ guaranteed growth bonds, which have been a tremendous success, offering market leading interest rates to savers and raising over £7.5 billion for the UK Treasury.  The one year bond pays taxable, annual interest of 2.8% and the three year bond pays taxable, annual interest of 4.0%.  Although the products are intended to be held to maturity, it is possible to access the capital at short notice subject to a penalty equivalent to three month’s interest.  This is an attractive deal for anyone over 65.  The bonds will be available through the NS&I website until 15th May 2015 with a maximum deposit of £10,000 per person, per bond (i.e. £20,000 in total).



Registered in Scotland, Company Number: SC288945

Mearns & Company are authorised and regulated by the Financial Conduct Authority

Registered office address: Anchor House, 112 Commercial Street, Edinburgh, EH6 6NF