Tax Planning vs Tax Management
Tax planning and tax management might sound like the same thing, but there’s a big difference. Tax planning is all about making sure you take advantage of every legal deduction and credit to minimize your tax bill. Tax management, on the other hand, is about reducing...
Avoid These 3 Common Mistakes
If you are an expat living in Portugal, it’s important to take the time to properly plan. We all know that taxes can be tricky, especially when it comes to passing on your assets. Unfortunately, many make common mistakes that can cost them dearly down the road....
Understanding the Lifetime Allowance
Most retirees are aware of the Lifetime Allowance – a limit on the total amount of money that can be saved in pension schemes before incurring a tax charge. However, many people are unsure of how it works or what they need to do to stay below the allowable limit. In this article, we will provide an overview of the Lifetime Allowance and explain how you can protect yourself from exceeding it.
The Impact of Inflation on Your Money
Many people may be asking themselves right now: How can I protect my money from inflation? As the cost of living continues to rise, this becomes a significant concern for those with savings and investments as they see their hard-earned cash becoming worth less over time.
What Should Advisers Expect From The Spring Statement 2022?
Hearing about the Spring Budget or Statement? You’re not alone. The finance sector is always on edge when it comes time for these statements, as people know that there will be some sort of new tax law soon which may have positive or negative consequences. This year might seem like an exception though – with little information released so far by HM Treasury and none since Rishi Sunak spoke at length before his Autumn 2021 Budget Address last month! With the cost of living going up and little sign that things will improve anytime soon, many people are wondering what measures might be taken by Chancellor George Osborne to help ease their pain.