Buy to Let: 6 tips for dealing with the tax changes

tax increase 3d silver badge with blue ribbon George Osborne’s first Budget since the election contained something of a bombshell for Buy to Let investors. One of the attractions of Buy to Let investing is the ability for investors to offset mortgage interest against the income they receive. Opponents of the system have long since argued that it gives Buy to Let investors an unfair advantage against owner occupiers, especially first time buyers. On the other hand, Buy to Let investors argue all businesses can offset debt interest against turnover and it ...

House prices: Proof that a North / South divide still exists

Proof that a North South divide still exists 150pxFurther evidence has emerged today of a growing, north / south divide in house prices. Ever since the last housing crash following the financial crisis, the personal finance pages have been awash with stories about booming house prices. However, for many people living in the North of the UK the picture of soaring prices and a vibrant property market has been a mystery and evidence has emerged of a widening gap between house prices in the North and the South of the country. In ...

Retirement: Thinking of using your pension to pay for your care in old age? Think again

New research has revealed the difficulty many older people will have when the time comes to pay for the cost of care. Most people pay into a pension during their working life to ensure that they have sufficient income when they retire. However, with ever increasing life expectancy more and more people are being forced to use their pension to meet the cost of long-term care. What’s more, with the introduction of Pension Freedom, which allows for unlimited withdrawals from a pension, experts predict that an ever increasing number of people will ...

Automatic Enrolment: Current contribution levels need to rise

Automatic Enrolment: Number of employers fined soarsDespite the fact millions of small businesses are still coming to terms with the burden and cost of implementing Automatic Enrolment, one influential body has called for contributions to be increased. Currently the contributions, from both the employer and the employee, after being automatically enrolled into a workplace pension will rise over time, until they reach a maximum of 8% in 2018. By this date the employer will need to contribute a minimum of 3%, whilst the employee will pay 5% including tax-relief. However, speaking at an event ...