More Personal finance news

A Christmas party can be both rewarding and tax efficient

Janette Burns
QUESTION: Can I give my staff a tax free cash bonus before Christmas to reward them for all their hard work this year? ANSWER: If you decide to reward your staff with cash bonuses this Christmas, then this payment will need to be taxed at source through your payroll system as it will be subject to tax and national insurance.

What does the Budget mean for my family business?

Paddy Harty
QUESTION: Following Philip Hammond’s Budget last Wednesday, what are the main points I need to be aware of for my family business? ANSWER: The Chancellor noted that whilst there are lots of challenges in the economy, it is not all doom and gloom.

Triple lock lives to fight another day

Michael Kennedy
WELL, it was Budget week again last week, and working people have by and large breathed a sigh of relief that no really bad news has come in relation to our pensions.

Don't let 'motherhood penalty' harm your pension

Michael Kennedy
Are you thinking of taking a day or two off work this month, perhaps to get some early Christmas shopping done? If you are a woman, it could be that you don’t need to, because you have been on holiday for the last week.

Tax sting on PPI claims

Feargal McCormack
QUESTION: I have received a cheque from my bank for being mis-sold PPI on a number of loans over a long number of years.

Are stock markets ‘tulip heavy’?

Peter McGahan
IT'S a daily question when you are protecting your pensions and investments: ‘Do you think the stock market is overpriced?’ For sure it is, but that doesn’t mean it can’t become more overpriced, and it doesn’t mean it has to crash in price.

Should I invest in bitcoin?

Peter McGahan
THE first decision on investing into anything, such as bitcoins, is to ask if there is any value in it.

The perils of the pension pot draw down

Michael Kennedy
Do you have a sports car that’s worth more than your house? No? Then former Chancellor George Osborne, and his former Pensions Minister Steve Webb, will be disappointed.

Don’t get caught out by the new pension’s annual allowance taper charge

Paddy Harty
QUESTION: I am completing my annual tax return for 2016/17 and am surprised to find that I have a tax bill because of my pension contributions? ANSWER: Many unsuspecting higher earners have been caught by the new Pension’s Annual Allowance Taper Charge and could face substantial tax bills.

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