Lifestyle, Pensions Justin King Lifestyle, Pensions Justin King

The future of the pensions lifetime allowance

One of the subtle tax increases introduced in the March 2021 Budget was a freezing of the pensions lifetime allowance until April 2026 at its 2020/21 level of £1.0731m. Like any freezing of an allowance, it is designed to produce extra tax as inflation and/or economic growth drag more taxpayers over the fixed threshold.

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Tax Planning Justin King Tax Planning Justin King

HMRC Family Investment Unit closes

A special HMRC team set up to review the use of family investment companies was a complete waste of time and diverted resources from the investigation of aggressive tax avoidance and evasion, according to leading tax and advisory experts.

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Investing Justin King Investing Justin King

The US tech stock bubble – what next?

The US stock market has been the place to be in recent years: while the UK’s FTSE All Share is up 91%, the S&P 500 has returned a huge 341% in the past decade, led in the main by the giant technology companies. As the US represents 54.5% of the global stock market, the MFP portfolios have all benefitted from this growth.

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Investing Justin King Investing Justin King

The cost of trying to time the market

It’s not unusual to hear me say that timing the markets doesn’t work. Instead, I recommend creating an investment plan that’s designed to meet your individual goals and sticking with it. (With regular reviews, of course, to make sure your plan is still on track to deliver what matters to you most.)

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