It’s a new year and attached is the Spring 2016 edition of our newsletter. Now is the perfect time to think about reviewing your financial situation. There are going to be a number of important changes this year so make sure you’re prepared. Our Spring newsletter will help to remind you of what’s coming up in the world of finance and we hope you enjoy reading it.
Our lead stories for this edition are:
Tax planning ahead of the Spring Budget At the end of last year, the Chancellor announced that the Spring Budget will be delivered on 16th March. The third Budget in the space of 12 months is a signal that you should start your year-end tax planning earlier than normal. With a bit of forward planning and sound advice, you’ll be well-prepared for the year ahead.
New tax rules for dividends and interest The Spring and Summer Budgets of last year saw changes to the tax treatment of investment income starting in 2016/2017 – and they could make savings for you in the coming tax year.
Should you still plan for inheritance tax? You may have gained the impression from the last Budget that inheritance tax is no longer an issue for most families but this is not the case. Make sure you know where you stand on this.
Highlights from the Autumn Statement Mr Osborne’s 2015 Autumn Statement was almost like another Budget. Both tax and additional homes, and automatic pension enrolment featured in his announcements along with a raft of other measures.
You can find our Spring newsletter here. We hope you find the contents of this newsletter useful and informative and, as always, please contact us if you think you may be affected by any of the topics in this edition.
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Mearns & Company are authorised and regulated by the Financial Conduct Authority