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Managing your Finances this New Year

Financial Plan 2017

With a new year upon us, there has never been a better time to carry out a financial review to get your finances in order. The end of the tax year is creeping up at the end of March and many people will leave it until the last minute to make sure everything is in order.
So why not move now to get your finances sorted in good time, avoiding the rush at the eleventh hour.

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How does Donald Trump’s victory impact the UK?

FreeVector Donald Trump Graphics

With the somewhat surprising outcome of last week’s presidential election in the US, the world is beginning to ask what Donald Trump’s win will actually mean in the wider picture.

It may be that the UK sees an increase in businesses and investments that are moved fully or in part from American, as historically the UK has been viewed as a sensible place for non-British business people to keep their money when their own company is in an unstable, precarious period.
Even with a slight increase in value against the dollar since the Trump election, US investors may still look to relocate to the UK.

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Visit us at The Help to Buy Show!

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The Help to Buy Show is coming to the Kassam Stadium in Oxford on Saturday 22nd October.

Cotswold Financial Planning will be there on the day to offer any advice and information on Help to Buy. There will also be housebuilders, solicitors and the Help to Buy South Team available throughout the day.

If you would like to attend, tickets are free.

If you are planning on coming on the day, we would like to encourage you to stop by and say hello!

The show looks set to me an informative event. We look forward to seeing you there.

Don’t look a pension gift horse in the mouth

OCIFOP0Pensions get their fair share of bad press, but, if you look beneath the headlines you will see there are some very generous tax advantages.


Just a quick refresher; pension contributions qualify for tax relief on up to £3,600 or 100% of relevant UK earnings, whichever is the higher, up to a maximum of £40,000 per year, although carry-forward relief is available.
Tax relief is normally given at source, for example, you might make a contribution to your employer scheme directly from net pay (after tax & NI). If you contributed say, £500 (per month) the pension provider will add basic rate tax relief of £125, making a total gross contribution of £625.


This is fine, if you are a basic rate tax-payer, but what if you have earnings subject to higher rate tax (above £43,000 tax year 2016/17)?
Well, you can claim an additional 20% tax relief on contributions in respect of earnings above the higher rate tax threshold. Here’s an example -

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Home Improvements or Moving Home

aug blog

Reassessing your Finances to achieve your Future Plans

With summer here and many of us taking a break from the usual working week to relax and enjoy some downtime, now is a great opportunity to review your finances in relation to your future plans. Whether you are looking into moving home, making some home improvements or renovations to your property, now is the time to take control and put your objectives in place ready for the autumn months.

There are many options available to you and the team at Cotswold Financial Planning are here to offer advice to you in relation to restructuring your finances to achieve your financial objectives.

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