More Personal finance news

Pension tax relief loss in Budget?

Peter McGahan
THE UK Budget is due on March 11t and will have consequences for us all for sure, whether it be the short, medium or long term.

The £47,000 benefit of taking financial advice

Peter McGahan
WITH the ever changing political, fiscal and economic tides, how on earth can a person wade through those financial changes and the impact on their life goals, especially given that only a minority seek financial advice? So is it really worth having a financial adviser to do that? Few of us are aware of what we don’t know, and that is where most mistakes can be made.

Paying capital gains tax on gifts

Janette Burns
QUESTION: I own a residential property which I would like to gift to my daughter as she has moved out of the family home and she is finding it difficult to finance the purchase of a home herself.

How will the Coronavirus outbreak impact stock markets?

Peter McGahan
RIGHT now the scale of the Coronavirus outbreak makes it impossible to gauge how badly it will impact the global stock markets, just as it was in 2002/3 for the Sars virus, 2003 and 2009 for the Iraq War the impact of the 2004 tsunami in Asia, solely because it's difficult to be mindful of human loss and be concerned with capital gains.

New year, new car?

Paddy Harty
QUESTION: I own my own business and operate through a limited company.

Will mortgage rates fall or rise?

Peter McGahan
AS we move towards the Brexit deadline on Friday, should we look at refixing our mortgages? Do we bet on inflation remaining benign and interest rates dropping, or will Brexit throw sterling a sledgehammer, and mean that inflation is rocketed through the UK being a net importer? The fundamental answer to that relates to your budgeting requirements.

Do I need to complete a self assessment tax return?

Feargal McCormack
QUESTION: I know the deadline for completing a self-assessment tax return is January 31, but I'm not sure whether I need to complete one? ANSWER: Self assessment is not a tax – it is a way of paying tax.