How will the Spring Budget 2017 Affect Liverpool Businesses?

Spring Budget 2017: Key Points at a glance

  • UK growth is up this year; borrowing coming down
  • Increase in National Insurance tax contributions for the self-employed
  • Tax-free dividend allowance will fall from £5,000 to £2,000 in April 2018
  • Measures for business rates are effectively a £435m cut, including a £1,000 cut for 90% of pubs
  • £2bn for social care
  • £100m for new triage programmes in English hospitals

Spring Budget 2017 Affect Manchester Businesses

How will the Spring Budget 2017 Affect Manchester Businesses?

Spring Budget 2017: Key Points at a glance

  • UK growth up this year; borrowing coming down
  • Increase in National Insurance tax contributions for self-employed people
  • Tax-free dividend allowance falls from £5,000 to £2,000 in April 2018
  • Measures for business rates effectively give a £435m cut, including a £1,000 cut for nine out of ten pubs
  • £2bn for social care
  • £100m for new triage programmes in English hospitals

Managing your money December 2015

In this month’s managing your Money:

Help to Buy ISAs were launched on 1 December.

The Autumn Statement introduced some significant changes for individuals.

People have potentially unrealistic ideas about when they will retire and how much money they’ll have.

How does a Help to Buy Isa work?

From 1 December first-time buyers will be able to save in a Help to Buy Individual Savings Account (HTB Isa) and the government will add money to it.

Help to buy ISA

Help to buy ISA

 


As with your traditional cash ISA, the interest you earn will be free of both income and capital gains tax.

In addition, when savers take money out to buy a house or flat, the government will add 25% to whatever is in the account, up to a maximum of £3,000.

Do we need a Financial Planner for Christmas?

When it comes to having the money to have our ideal Christmas present, sometimes our aspirations are a little out of reach.  If your Christmas day end’s up like the one below, then you need to get your spouse/partner to ask the question “Do we need a Financial Planner this for Christmas?


If your ideal Christmas day present looks like this:

Ideal Christmas present

Ideal Christmas present



But your’s end’s up looking more like this:


Unwanted Christmas present

Unwanted Christmas present


Ask yourself, what went wrong?  Did you:

  • Set a budget to spend this year?
  • Could you afford those gifts?
  • Did you have a savings plan from January 2015?
  • Did you pay off debts and loans and left yourself short this Christmas?
  • Is your credit card debt getting out of control?

It’s difficult to talk through money with a partner, but once you talk to our team of advisers, we will have you talking about joint life goals before you know it.  Once you have these in place, it’s easier to work towards them and aligning your income and savings to meet those goals.  It may not be a new car or home, it may simply be having the money to have a great holiday together next year.  Simply talking about your goals takes away the difficult things around money.

Book a FREE review today with an independent adviser at Assured Wealth.  Our advisers will meet you at a time and place to suit you.  We will ask questions designed to get you thinking differently about your future.







Autumn Statement 2015

In George Osborne’s Autumn Statement there were few big surprises and headline grabbing announcements we’ve recently come to expect.


In a combined Spending Review and Autumn Statement, changes to government departmental budgets dominated the Chancellor’s speech.

Day-to-day spending of government departments will fall by an average of 0.8% a year in real terms.

The transport (37%), energy (22%) and business (17%) departments are facing the largest cuts. The core administration budget for culture, media and sport will fall by 20% but there will be increased funding for the Arts Council and sport.

NHS spending in England will increase from £101 billion in 2015/16 to £120 billion by 2020/21, including £6 billion next year. It is also expected to make £22 billion in efficiency savings in the next 5 years.

The economic news was largely positive. The combined effect of better tax receipts and lower debt interest has resulted in a £27 billion improvement in public finances compared to July.

The government will borrow £8 billion less than forecast and aims to have a budget surplus of £10.1 billion by 2020.

GDP is forecast to grow by 2.4% this year and has been revised up from July to 2.4% in 2016 and 2.5% in 2017.

Apart from the economic update, the Chancellor did announce some measures that will affect businesses and individuals. The following report summarises the announcements made by Chancellor George Osborne during the 2015 Autumn Statement on Wednesday 25 November 2015.

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