A small North Devon charity, Flying Fish Artists that supports people who have experienced mental health issues by using art as a means of therapy, has received a much welcome funding boost from a local business. A grant of £2,100 was awarded from The Philip J Milton & Company Plc Fund, a philanthropic fund administered by Devon Community Foundation.
Entries by Philip J Milton & Company Plc
Make the Most of Your Tax Allowances Now
The Income Tax personal allowance has been increased to £12,500, allowing more of your income to be received without being subject to tax. For those who qualify for the marriage allowance transfer, (where a non-taxpaying spouse can transfer 10% of their personal allowance to a basic rate taxpaying spouse) the taxpayer can earn £13,750 before tax applies.
Tax Year End
It is too late for you to do anything – well soon! We can still process pension and ISA applications up till Thursday close of business so if you haven’t done yours and should – don’t dilly-dally anymore! The staff may glare at you but we’re here to help you…! And remember, next Monday you can subscribe the whole amount again so why on earth wait for another year to pass and another year’s valuable tax allowance to be missed for a year?
Are you paying unnecessary income tax?
Financial Adviser Sends Urgent Plea To North Devon Workers
Zombie Funds
Analysis in the report shows that investors who put money into zombie funds are often being disadvantaged as a result of high charges and poor investment performance. Regular investments reviews, typically annually, are therefore essential to ensure your funds are able to work as hard for you as possible.
Would you Seek Advice Before Drawing Your Pension?
Research conducted by Saga has confirmed that one in seven UK retirees accessed their pension pots without advice, which represents more than £3.2 billion having been drawn as a lump sum from pensions. Retirees have accessed approximately £23.6 billion in total since the pension freedom rules were introduced in April 2015.
Act Fast to avoid Dividend Tax!
With just a few weeks remaining before the end of the tax year, time is running out to use your tax-free ISA allowance. In addition to the well-known attraction of being completely tax-exempt, many investors are unaware of a small but hugely significant change to dividend tax, which make tax-free investment allowances all the more appealing.