20/03/2024
Did you know, if you're a big earner, you may be able to bring your taxable income down by putting more money in your pension or making charitable donations.
These can:
- Bring your income down below the additional rate tax band, which starts at £125,140
- Help you hold on to your Personal Allowance, which is slowly withdrawn once you earn over £100,000
- Help you hold on to your Child Benefit, which is gradually withdrawn if one parent in the household earns more than £50,000
05/03/2024
Join Team Porta!
We have 2 roles available;
A Practice Manager to manage all operational aspects of the Practice on a daily basis
An Associate working with a senior Adviser, gaining your diploma in Regulated Financial Planning and training to become an Adviser.
If you are interested you call apply on indeed using the link below or by emailing [email protected]
https://lnkd.in/eS4utVuy
04/03/2024
With only 34 days left till Tax year end here is todays tax year end checklist topic - IHT
Did you know the government has frozen the inheritance tax (IHT) thresholds until April 2028. This is often described as a 'stealth tax' by the government as not increasing the thresholds in line with inflation means more and more families are automatically brought into the IHT net
29/02/2024
Watch out for the 60% tax trap!
Did you know....
It's often through that the highest UK tax rate is 45% but that's not the case. If you earn more than £100,000 per year, you could be taxed at a rate of 60% on income between £100,000 and £125,140
The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than you invested.
An investment in equities does not provide the security of capital associated with a deposit account with a bank or building society.
The levels and bases of taxation, and reliefs from taxation, can change at any time and are dependent on individual circumstances.
22/02/2024
Tax Year end is fast approaching with only 43 days left for you to make the most of the tax reliefs and allowances available to you.
Over the next few weeks we will be giving you a checklist to help you create the financial future you want
13/02/2024
A thought for your financial future!
As we approach the year-end, consider the impactful strategy of tax efficient gifts. Supporting your children and grandchildren through this avenue not only benefits them now but also plays a vital role in long-term planning, shaping a secure financial future.
Plus, it's a smart move in managing Inheritance Tax considerations. Let's explore this practical aspect of financial planning together and create a legacy that lasts. Contact me today!
Taxation rules can change at any time and are dependent on individual circumstances.
Porta Wealth Management LLP is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) The St. James's Place Partnership' and the titles `Partner' and `Partner Practice' are marketing terms used to describe St. James's Place representatives.
SJP Approved16/11/2023
22/02/2024
13/02/2024