ATFM

The main residence nil-rate band is now in force, please see below and contact us if you wish us to review the impact this nil-rate band will have on your estate. Who is likely to be affected Individuals with direct descendants who have an estate (including a main residence) with total assets above the Inheritance Tax (IHT) threshold (or nil-rate band) of £325,000 and personal representatives of deceased persons. General description of the measure This measure introduces an additional nil-rate band when a residence is passed on death to a direct descendant. This will be: £100,000 in 2017 to 2018 £125,000 in 2018 to 2019 £150,000 in 2019 to 2020 £175,000 in 2020 to 2021 It will then increase in line with Consumer Prices Index (CPI) from 2021 to 2022 onwards. Any unused nil-rate band will be able to be transferred to a surviving spouse or civil partner. The additional nil-rate band will also be available when a person downsizes or ceases to own a home on or after 8 Ju

United Kingdom Inflation Rate 1989-2015 Consumer prices in the United Kingdom increased 2.3 percent year-on- year in February of 2017, above 1.8 percent in January and beating expectations of 2.1 percent. It is the highest inflation rate since September of 2013, boosted by rising fuel prices while food cost increased for the first time in 34 months. Inflation Rate in the United Kingdom averaged 2.58 percent from 1989 until 2017, reaching an all time high of 8.50 percent in April of 1991 and a record low of -0.10 percent in April of 2015. Consumer prices index (CPI) is the government's preferred measure of inflation. It is used for international comparison and the government inflation target for the Bank of England Monetary Policy Committee. It is available as an index from January 1997, with estimates back to 1988. It excludes mortgage interest payments and council tax. As of the 2010 budget, CPI as part of the triple-lock, is used to index state pensions in place of Retail Pri

Cash These ISAs are the simplest form, but unfortunately at present paying poor returns and in most cases not keeping pace with inflation. Enjoys Financial Services Compensation Scheme Protection up to £85,000 per provider. The ISA limit for 2017-18 is £20,000. Stocks and shares All or some of the annual ISA allowance can be invested in stocks and shares. This can be done directly in shares of companies or in bonds, or through funds or investment trusts, which are funds that are traded on the stock market. Investors can also use 'passive' investments, which are low cost and track different markets, such as the FTSE 100. The ISA limit for 2017-18 is £20,000. Junior Junior ISAs are for those under the age of 18. Up to £4,128 can be saved into these ISAs in the 2017-18 tax year. At age 18 this money is then converted into an adult ISA, and the child takes control (and can do what they want with the money). The money cannot be withdrawn until age 18, unless the child is te

I am pleased to announce that Chloe Drew has joined Allen Tomas & Co as a Financial Administrator with the intention of becoming a Paraplanner on attaining her CII qualifications. Chloe has shown an interest in the industry and wants a career that allows progression and the opportunity to learn new skills. During her spare time Chloe enjoys reading, socialising and spending days out with her family. She is a lover of all animals, in particular pandas! We wish Chloe every success.