higher rate tax Archives - Philip J Milton & Company Plc

Our 39th anniversary as a wealth manager

Well, the years rush past... August marked the Firm’s 39th anniversary. From a lowly beginning to becoming one of the largest independent financial advisory and wealth management firms in the area and now discretionarily managing over £1/4billion, we trust with a reputation to reflect that success for itself, its staff and most importantly for...

Don’t get fined if you have to complete a tax return this year

Self-assessment Tax Returns are a pain for the self-employed and increasingly for many modest investors who may not have realised they need to complete one – with many more fines being issued as a result. A Freedom of Information (FOI) request from City platform AJ Bell notes has found that 3.6million people are due to...

Sterling effort, investment and taxes

The US Dollar’s the lowest against Sterling since April 2022. That’s a 20% ascent for Sterling since the Sept 2022 low. It has been weaker these last few weeks as it is expected that interest rates will be cut even though US inflation readings are mixed. Currency volatility can work for you or against...

US tech, justice and taxes

Just two weeks after the Election and avoiding politics altogether this time, I shall neither labour any points or be too liberal with my commentary on markets and tax-planning. You may think that I am unable to reform my approach, though I hope that the style of writing does not treat you as green...

Election results

I realise this is hot on the heels of the last missive (it’s a short one!) but whatever your politics, I offer my hearty congratulations to Sir Keir Starmer on his success yesterday. The outcome is very decisive and we wish him and all of his soon-to-be-assembled team all the very best in managing...

Election Eve looms

Well, we are almost there. Have you cast your vote yet (by post)...? Election Day is tomorrow and if you have an unused postal vote, you can still take it to your polling station and hand-in the envelope. However, first, to cheer you up and to change the subject, next Christmas is now nearer than...

UK rise and Nvidia flying dangerously?

So after a useful catch-up, the UK market has pushed past France to regain top spot in European markets in capitalisation terms. That is also partly following the poorly-received election announcement by M. Macron. However, it should never have lost its status... Inflation comes back-in to descend to the Prime Minister’s target of 2% (well...

Market rises and speculation

So I was premature last time – Nvidia is now ‘worth’ more than Apple. Are the lunatics running the asylum, as speculative fervour has truly taken hold... there we are – the psychology of markets – I mean the masses? That’s not ‘investment’ – it’s sheer speculation, flows of money and the fear of...

Markets, investments and taxes

Good afternoon. Well, the UK market is progressing comfortably whilst the US has slipped-back. Our clients’ 5 April reports will be landing on door mats imminently and it is pleasing to note that generally gentle progress has continued since then. BHP makes an audacious bid for UK-quoted Anglo American, owner of DeBeers amongst other mining...

Inheritance Tax revenue soars – but will it affect you?

The last financial year saw a record £7.5billion collected in Inheritance Tax (IHT) – and it is predicted to hit £10bn by the end of the decade. The numbers from HM Revenue and Customs (HMRC) has shown that IHT receipts increased by £400m year-on-year, after £7.1bn was collected in 2022/23. This really should come as no...

Our 39th anniversary as a wealth manager

Don’t get fined if you have to complete a tax return this year

Sterling effort, investment and taxes

US tech, justice and taxes

Election results

Election Eve looms

UK rise and Nvidia flying dangerously?

Market rises and speculation

Markets, investments and taxes

Inheritance Tax revenue soars – but will it affect you?

Risk Warning

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Philip J Milton & Company Plc

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