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Choweree House, 21 Boutport Street, Barnstaple, Devon EX31 1RP | (Tel) 01271 344300 | info@miltonpj.net



    Philip J Milton & Company Plc provides a well established and very competitively priced "direct instruction" share dealing service.






    It is estimated that 65% of the UK population does not have a valid Will. For those, the law decides how your Estate is distributed under “Rules of Intestacy” meaning that your assets are unlikely to be distributed as you wish upon your death, not even recognising an unmarried partner, for example. Do not delay making a Will! (This service is not regulated by the FCA.)


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Do you need to complete a tax return?

14 August 2017

It is important to take a break from work every now and then, but unfortunately there are always obligations on the horizon. So, as you put your sunglasses on and try to stop the children from eating the seventh bag of Haribo, I suggest you take a moment to consider whether you need to complete a self-assessment tax return. This may be to declare any income that may not have been taxed at source or simply to declare an income, regardless of whether there is any additional tax to pay!

You need to complete a tax return if any of the following applied to you in the 2016/17 tax year:

• You were self-employed
• You received more than £2,500 in untaxed income
• Your investment or savings income totalled £10,000 or more before tax
• You made gains larger than the annual Capital Gains Tax allowance (£11,100 for the 2016/17 tax year) or the proceeds of sales were larger than £44,400
• You were a company director
• Your income was over £50,000 and you received child benefit
• You have received income from abroad that you need to pay tax on
• You lived abroad and received UK Income
• You received dividends from shares above £5,000 or foreign dividends above £300.
• You received interest over £1,000 and are a basic rate tax payer or £500 and pay higher rate tax
• Your income was greater than £100,000
• You were a trustee of a Trust or registered pension scheme

In order to register for self-assessment, you need to complete HMRC form SA1 or register online by 5 October 2017. For the tax year ending 5 April 2017, you will need to submit your tax return online by 31 January 2018, or by 31 October 2017 if submitting a paper return.

At Philip J Milton & Company Plc we offer a comprehensive tax and accountancy service and are able to undertake annual company accounts as well as personal tax returns. Each tax return is completed by a suitably qualified individual and then checked by a financial adviser to ensure all annual tax efficient allowances are exploited fully. This has the added benefit of ensuring that financial planning and tax advice operate together to provide optimal tax efficient outcomes for our clients. This can be through the use of ongoing pension funding or ensuring the relevant tax free allowances are claimed for example.

To arrange a no obligation appointment at our cost with one of our highly qualified tax advisers to discuss our service further please do not hesitate to contact the office to arrange a mutually convenient appointment.


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GOLD So London stores £250trillion of the world’s gold in its vaults – 596,000 bars and weighing 7,500 tonnes. This is all owned by different entities and as one sells some and another buys some, the label on the front changes. Even some of our clients hold some of this as we have a little gold as a safe asset within client Portfolios – the currency of last resort. The Bank of England looks after 5,100 tonnes of this total. It is estimated that around the world, above the ground there are 187,100 tonnes of gold though this does include jewellery, personal stores and coins as well. Around £14billion of gold is traded every day. In silver, the figures stored are much smaller – 32,000 tonnes stored in London worth £14.5billion.


Founded in 1985, Philip J Milton & Company are delighted and proud to offer a fully independent financial and investment planning service and we advise upon all aspects of clients’ financial affairs.

The Financial Conduct Authority does not regulate some areas mentioned on our web site including: Buy to Let Mortgages, Claims Management Activity, Taxation & Accountancy, Probate Administration and Will Writing.

Financial services complaints we cannot settle may be referred to the Financial Ombudsman Service; www.financial-ombudsman.org.uk 0800 023 4 567. Details of our complaints procedure are available via the documents tab above.

Risk Warning - Stockmarket investments can offer income through the payment of dividends and interest and good opportunities for capital appreciation over the longer term. By this, generally we mean periods in excess of five years, preferably much longer. However, we can never promise you particular returns, especially in the short-term. At any point in time but especially in the short term, your capital could be worth less than the original amount invested as some of the selected holdings may fall in value, regardless of expectations at the time of acquisition. We may also invest in funds that hold overseas securities. The value of these investments may increase or decrease as a result of changes in currency exchange rates. Returns achieved in the past cannot be relied upon to be repeated.

Philip J Milton & Company Plc is authorised and regulated by the Financial Conduct Authority.
Philip J Milton & Company Plc is entered on the FCA register (http://www.fca.org.uk/register) under reference: 181768.
# Registered Office: Choweree House, 21 Boutport Street, Barnstaple, Devon EX31 1RP
Registered and Incorporated in England number 3233275 | VAT number 682 2544 28
A list of the Directors is available from the registered office


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