One of the key points for businesses from the Autumn Budget was Chancellor Philip Hammond’s announcement that the Enterprise Investment Scheme (EIS) is set to receive £2.5 billion of public money through facilitation of pension fund access to long-term investment. The investment limits for the EIS will also be doubled for ‘knowledge-intensive’ companies. This means that £2 million of investment will be eligible for tax relief, up from the current limit of £1 million. Mr. Hammond also stated that the government would ensure that the scheme did not become a shelter for risk-free assets as a result of the limit increase. Continue reading →
After delivering a Budget in March which many saw as a thinly-veiled attack on small businesses and self-employed workers, Philip Hammond’s first Autumn Budget was his chance to make amends with those who had been on the receiving end of his less popular decisions earlier on in the year. In many ways, the Budget delivered by the Chancellor on 22nd November attempted to do just that. Continue reading →
Since before the EU referendum result was known at the end of June 2016, the ‘divorce bill’ – the money the UK will need to pay to the EU as a result of Brexit to cover its financial liabilities – has been a hot topic of debate. It continues to be so, with the latest reports of a figure somewhere around €55 billion having been agreed by the government emerging at the end of November. Downing Street have dismissed this figure, but even if we don’t know the exact amount, it seems likely that an agreement on the way the divorce bill will be calculated has been reached, in order to allow other points of negotiation to progress. Continue reading →
November was a relatively disappointing month for world stock markets, with the majority of the markets we cover in this commentary losing ground in the month: however, the largest fall was just 3% so there were no real disasters. Pride of place went to the Dow Jones index in the US, which was up by 4% in the month as the President toured the Far East, intent on doing ever more trade deals. Continue reading →
Whether or not you’re the kind of person who sees the start of January as the time to set yourself resolutions and stick to them, the period after the excesses of Christmas and New Year is arguably one of the best times to actively get your finances into shape. Here are five great money-related resolutions it’s definitely worth committing to in order to make 2018 the year you take control of your money. Continue reading →
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