The holiday season is here and so is our summer newsletter; 2016 is well under way and it’s proving to be an interesting year. Whether or not you’re happy with the outcome of the EU referendum, the world will keep turning and the importance of good financial planning has never been so central – so make sure you’re prepared. Our summer newsletter will help to remind you of what’s coming up in the world of financial planning. We hope you enjoy reading it.
Our lead stories for this edition are:
Budget 2016 tax changes: new moves This year’s Budget contained many measures which could affect your long term financial planning.
Can you really avoid inheritance tax? A former Chancellor called inheritance tax a ‘voluntary tax’ but it’s clear that not everyone has taken this message on board.
Keep covered for the rainy days It is inadvisable to try living solely on state benefits in the event of illness or unemployment. The so-called ‘safety net’ is lower than you may think.
How much lower for longer? March 2016 marked the seventh anniversary of a 0.5% Bank of England base rate, but other interest rates are still falling.
We hope you find the contents of this newsletter useful and informative and, as always, please contact us if you think you may be affected by any of the topics in this edition.
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Mearns & Company are authorised and regulated by the Financial Conduct Authority