What the October 2021 Budget update means for you and your business

Robert Young, Hanover Financial Management, pensions and employee benefits specialist reflects on the latest budget update and dissects what these changes actually mean for individuals with businesses, pensions, savings and investments.   Pensions  Pensions tax relief There are two ways in which tax relief is granted on employee pension contributions, net pay and relief at source.... Read More »

Market review – November 2021

The news from the market feels like a broken record, as the main focus this month continues to be inflationary pressures around the global economies. For the last few months, talk from the central banks has focused on the high inflationary figures are temporary, and how they will decrease as we enter 2022. However, there... Read More »

Relevant life policy

What is it? The aim of the policy is to provide a lump-sum benefit on the death of a single employee. This removes the need for the company to set up a registered group life scheme. The policy is designed to meet the requirements of a single-life relevant life policy under S393B (4) (b) of... Read More »

Market review – October 2021

September was a month which saw a number of different factors at play, all of which caused concerns to the investment markets. In no particular order those concerns included: ·        Rising inflation; ·        Stuttering economic growth; ·        More hawkish rhetoric from central banks; ·        Energy prices rapidly increasing; and ·        The ongoing speculation around the... Read More »

Relevant Life Policy: case study

  We were approached by a company whose Managing Director was about to cease membership of their firm-wide Death-in-Service scheme. He had passed the retirement age of the scheme but was not intending on retiring. As he was not intending to retire, the company wanted to provide him with the same level of life cover... Read More »

Market review – September 2021

As the US economy continues to recover at a pace quicker than the US Federal Reserve (Fed) expected, they have indicated they may begin reducing their stimulus packages sooner than previously anticipated. The minutes from the Fed’s July meeting, which were released in August, and Fed Chairs Jerome Powell’s annual speech at the Jackson Hole... Read More »