News

Summer Budget Review

Posted on 20 August 2015

With the constraints of coalition government curbing Chancellor of the Exchequer George Osborne’s ambitions over the past five years, the UK has grown used to tame budgets. But his post-election ‘Summer Budget’ contained some radical and surprising measures.

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New Adviser

Posted on 19 August 2015

We are delighted to welcome Steve Knapton to the advisory team here at Oakworth Consultancy Services.

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2015/16 ISA Allowance

Posted on 09 April 2015

2015 / 16 ISA allowance now £15,240

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Oakworth Wine Tasting Evening

Posted on 20 March 2015

Justin Urquhart Stewart from 7IM (and BBC fame) gave an enlightening update on the global economy, whilst accompanying wine were served to complement the narrative.

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2015 Budget Review

Posted on 18 March 2015

An review of the 2015 Budget

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ISA or Pension…...or both?

Posted on 24 February 2015

Investors often ask the question, should I invest in an ISA or Pension? The simple answer to this is ideally, both.

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Market Outlook

Posted on 16 February 2015

2014 will not go down as an epic year for investors. Certainly there were pockets of strength – for example, gilts, China and the US – but the majority of equity markets were flat or negative over the year. In spite of this, our clients generally saw above inflation growth from their portfolios over 2014, mainly thanks to exposure to the aforementioned sectors and effective fund selection.

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Even More Reason To Make Use Of ISAs

Posted on 09 January 2015

George's Autumn Statement featured a measure allow ISAs to be inherited by surviving spouses, providing a further incentive to ensure annual allowances are utilised where appropriate.

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Boost for Married Couples & Civil Partnerships - Transferable Tax Allowance

Posted on 08 December 2014

One of the less heralded recent announcements by George Osbourne is the new transferable personal allowance available from April 2015, potemtially saving married couples and those in civil partnerships up to £200 in tax.

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Autumn Statement - 2014

Posted on 04 December 2014

This budget was certainly a little tamer than back in March and we've summarised the major points for you.

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Interest Rate Rises - Mortgage Advice

Posted on 02 December 2014

As the UK economy continues to improve, an increase in interest rates is now widely expected at some point in 2015.

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Pensions wealth – keeping it in the family

Posted on 17 November 2014

Pensions wealth – keeping it in the family

The latest amendments to the Taxation of Pensions Bill firmly position flexible pensions as the estate planning vehicle of choice. Tax relief on contributions without the seven year wait for them to be outside the estate and tax free investment returns were already good reasons to recommend pension funding for client's and their families.

Now combine these with the new rules where a flexible pension, such as a SIPP, allows pension wealth to cascade down the generations within the pension wrapper and it creates a truly tax-efficient wealth management and inheritance plan with few peers.

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Long Term Care -  A Crisis For The Elderly?

Posted on 11 November 2014

A crisis has developed in the funding of long-term care for the elderly. As the proportion of elderly Britons continues to rise, demand for care is exceeding supply, and payment for long-term care has become an increasingly pressing problem

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Welcome to our new website

Posted on 10 November 2014

Whether you are a new visitor or a client of ours, I hope you enjoy your experience of our new website.

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UK interest rate update

Posted on 22 October 2014

Having languished at an all-time low of 0.5% since March 2009 in the UK, interest rates have returned to the spotlight. At the start of June, the European Central Bank cut its deposit rate for banks from zero to - 0.1%, in order to incentivise banks to lend instead of sitting on their deposits. Meanwhile, closer to home, discussion over the future path of UK monetary policy is intensifying, with an increasingly stable economic recovery stoking speculation rates might rise sooner than expected.

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Pension Options - The Future

Posted on 22 October 2014

Amongst the surprises in the March 2014 Budget was a proposal to liberate pensions and to give clients much more control over ho

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A new phase for ISAs

Posted on 22 October 2014

Individual Savings Accounts (ISAs) entered a new phase from 1st July 2014.

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