Finura is delighted to announce that we have been shortlisted, once more, in the Adviser Firm of the Year (London) category at the Professional Adviser Awards.
Since auto-enrolment commenced back in 2012, employees around the UK have been benefitting from contributions paid into their pensions by their employers. This, combined with the new pension freedoms allowing anyone over the age of 55 to take out their entire pension amount as a lump sum, paying no tax on the first 25%, has made pensions an increasingly attractive savings vehicle.
As the UK employment landscape continues to move away from the more ‘traditional’ workforce structure, in line with changing employee needs and the rising participation of millennials in the gig economy, many businesses are having to re-address how they attract and retain key staff.
Since initial changes were made to the rules surrounding Enterprise Investment Schemes back in 2015, Chancellor Philip Hammond announced additional measures in his 2017 Autumn Budget following concerns that EIS was not channelling enough capital to the right companies.
The key benefit of SITR is that individual investors can deduct up to 30% of the cost of their investment in an eligible enterprise from their income tax liability, either in the year the investment was made or the previous tax year (if after April 2014), as long as the investment is held for a minimum of three years.
A traditional view of finance dictates that money can be used in two ways; investment for a financial return or philanthropic giving. And for those with money to invest, it has often been a choice between the two. Yet, as a growing number of investors seek to make the world a better place, demand for investment options that deliver both has been on the rise.
Since the chancellor of the exchequer, Philip Hammond, announced that any major changes to fiscal policy would be announced in the Autumn budget, as opposed to the Spring statement, attention has turned to what these changes may be.