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Personal Finance Society
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Technical articles

Tax efficient savings »
Many times we hear "my property is my pension" where people are talking about their home or buy to let portfolio but by combining property and pensions more tax efficiency could be achieved.
Dividend v salary v pension revisited »
Considering the options and tax consequences for funds derived from profits is only really relevant in relation to owner/managers of private limited companies.  Profits derived by the self-employed are assessed to tax on the sole trader no matter how those profits are spent.  The same is true for partners and members of a LLP - they are taxed on their share of profits whether it is drawn or not.
Technology providers to continue evolution in mortgage advice »
The recent announcement that Equifax have teamed up with Castlight in order to provide a real-time affordability platform, provides further evidence that technology providers will not rest on their laurels in their bid to provide advisers with the best possible tools to do their jobs.
Conveyancers must think digitally to succeed in 2017 »
These are unpredictable times for the property market with forecasts changing from joyfully optimistic to the polar opposite within what feels like the blink of an eye, but there is one thing I am sure of - the future of conveyancing is online.
2017 Spring Budget - The pension changes »
Following on from our previous article looking at the non-pensions Budget changes, this article looks at the main pensions changes, as announced.
2017 Spring Budget - The main non-pensions changes »
This year's March Budget was the last Spring Budget, as Mr Hammond has said that from now on Budgets will be presented in Autumn, with the Spring reserved for a financial statement. Thus in 2017 we will have two Budgets, with the second probably arriving in November.
Trust disputes - interesting decisions from 2016 »
This month we continue to look at some interesting Court decisions from last year in the area of trust law. Last month we considered one case concerning trustees' duties when investing trust funds, and another one dealing with the more fundamental question of whether a trust in fact existed or not. Another area that is frequently the subject of a dispute in this area is the beneficiaries' right to receive information from the trustees about the trust fund and there has been a recent decision on this so we start with it. We then look at yet another decision involving a settlor's mistake as to the consequences of a transfer of an asset to a trust.
The penny drops »
Inflation is on the rise. The latest numbers published by the Office for National Statistics show prices increased to 1.8% in January, up from 1.6% in December. Just seven months ago in June, price rises were only coming in at an average of 0.5%.
Increasing complexity demands greater specialism »
The Society of Mortgage Professionals' recent survey found 61% of members supported a standalone lifetime mortgage qualification for pensions and investment advisers so they could sell such products without having full mortgage qualifications.
Getting to grips with the new buy to let affordability checks »
The new Prudential Regulation Authority regime regarding Interest Cover Ratios (ICR) and stress tests are a mathematical consequence of the income tax relief changes announced by George Osborne back in July 2015.
Defined benefit green paper »
The long awaited Green paper issued by the Department for Work and Pensions is a significant document in both number of pages and the depth of the content. It followed an informal consultation in 2016 which was undertaken with a range of stakeholders, from which no consensus was reached on whether or how to adjust the current balance between protecting members and supporting employers.
Trust disputes - interesting decisions from 2016 »
Court decisions are very useful in reinforcing knowledge and understanding, especially in the area of trust law. Recently we have looked at some cases involving trustee mistakes and rectification. As it happens, in 2016 there were quite a few very interesting trust cases which deserve proper consideration. This month we will look at two of these - the first concerning trustees' duties when investing trust funds, and the second dealing with the more fundamental question of whether a trust in fact existed or not.
Rectification of trust mistakes »
It is a well-known fact that once a trust deed has been executed it cannot simply be amended subsequently. Certainly, changes will not be allowed simply because the settlor changes his mind. However, where it is clear that a mistake has been made and there is evidence to support this, there are two possible remedies: a remedy of rectification and a remedy of rescission (setting aside). Both need an application to the Court and, being "equitable remedies", are at the Court's discretion, which depends to a large extent on the conduct of the applicant.
The inexorable rise in demand for bridging loans »
The bridging industry has gained both ground and reputation in the past few years. The credit crunch, while creating problems for the lending industry as a whole, saw lenders in the bridging industry rise to fill the gap left by the mainstream lenders.
Ongoing lifetime allowance enhancements and reductions »
The lifetime allowance is one of many aspects of pension legislation that is getting ever more complex as we get further away from A-day in 2006. We are nearly 11 years on and it has gone up from £1.5 million to £1.8 million and now we are having to cope with a standard lifetime allowance of just £1 million. With this new reduction it is ever more important to understand any enhancement or reductions that can apply to this headline number.

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