Preparing for the new tax year with Pembroke Financial Services

Preparing for the new tax year

Changes to income tax, NICs and pension contributions are coming for 2019/20. One of the few certainties about 2019 is that the new tax rates and thresholds will take effect from the start of the 2019/20 tax year on 6 April and whilst the focus tends to be on year-end tax planning at this time of year, it is important to look forward to the new tax year and the changes that it will bring. From 2019/20 changes will come into effect for key income tax rates and thresholds, as well as pensions.

Earnings thresholds will rise with auto-enrolment contributions

Do your employees know that earnings thresholds are rising with auto-enrolment contributions?

In early December the Department for Work and Pensions (DWP) announced the thresholds that should apply to automatic enrolment pension contributions from 6 April 2019. We say ‘should’ because, strictly speaking, they need final approval from the Secretary of State, although any change is extremely unlikely. There are three key levels to be aware of:…

Shake up your financial New Year’s resolutions

Shake up your New Year’s resolutions

New year, new resolutions to break? Try our four financial resolutions with long term benefits. Have your New Year resolutions fallen by the wayside already? You know, the ones about eating better, drinking less and exercising more. The problem is they all require you to make a change to your lifestyle, which is never easy, particularly in the dark days of mid-winter….

Savings & Investment Advice from Pembroke Financial Services

Automatic enrolment has reached a new landmark, but the path from 2017 onwards could be challenging.

Automatic enrolment has reached a new landmark, but the path from 2017 onwards could be challenging. When automatic enrolment (AE) into workplace pensions started in October 2012, there were some doubts about how successful it would be. A little over four years later, few would argue that AE has not been a success, at least so far….

pembroke financial services - Brighton & Shoreham IFA

Does a pension beat property?

Does pension beat property? “Residential property beats pensions as an investment for retirement planning” says the Bank of England’s Chief Economist, Andy Haldane. Is he right? Mr Haldane grabbed a few headlines recently when, in an interview with the Sunday Times, he suggested that his favoured investment for retirement savings was residential property…