Financial Services Compensation Scheme’s Post

𝗕𝗿𝗲𝗮𝗸𝗶𝗻𝗴 𝗡𝗲𝘄𝘀: 𝑊𝑒'𝑟𝑒 𝑡ℎ𝑟𝑖𝑙𝑙𝑒𝑑 𝑡𝑜 𝑎𝑛𝑛𝑜𝑢𝑛𝑐𝑒 𝑡ℎ𝑒 𝑙𝑎𝑡𝑒𝑠𝑡 𝑑𝑒𝑣𝑒𝑙𝑜𝑝𝑚𝑒𝑛𝑡𝑠! Curious about how Budget 2024 impacts your real estate investments? The government proposes to lower the LTCG tax rate on immovable properties to 12.5%, but here's the catch—no more indexation benefits to account for inflation. This shift could affect your return on older properties. Stay informed and make the best decisions for your real estate portfolio. Stay ahead with 𝗗𝗿𝗲𝗮𝗺𝗸𝗲𝘆 𝗜𝗻𝗳𝗿𝗮𝘁𝗲𝗰𝗵 for exclusive updates on the ever-evolving real estate scene! Tap on the link to read the full news https://lnkd.in/gqDvKEqS... . . . #RealEstateNews #news #newsupdate #latestnews #newspaper #trendingnews #Budget2024 #RealEstateInvesting #LTCGTax #PropertyInvestments #TaxUpdates #InvestmentStrategy #PropertyTax #FinancialPlanning #BusinessUpdates #EconomicNews #DreamkeyInfratech #KeyToYourDreamHome #DKI

Since being launched on 6 April 1999 as successor to PEPs and TESSAs, the Individual Savings Account (ISA) has become an integral part of the UK savings and investment landscape. The latest HMRC figures show that more than 22 million UK adults have one, with the combined market value of these accounts standing at over £740bn. Whether investing a lump sum or saving on a regular basis, it is important to make full use of your annual ISA allowance. https://lnkd.in/eZN8p5Qr

Obliteration of indexation benefit from Long Term Capital Gains (LTCG) tax on non-financial assets is in the headlines since the budget was presented by FM on 23rd July, 2024. Citizens are making lot of hue and cry about this decision. Let us understand this in a detailed manner. LTCG is applicable on non-financial assets like real estate, gold, etc., when these assets are held for more than 2 years before they are sold off to another party. Earlier applicable LTCG was 20% with indexation benefit. Indexation benefit is the inflation adjustment against return on the purchase price of the asset. Any such assets bought on or after 2001 will now be subjected to 12.5% LTCG without any indexation benefit. Following diagram pblished in TOI today provides a better understanding of the repurcussions of the change.

⛽ Quarterly Advisory Fuel Rate Update ⛽ 📣 HMRC have published their latest update to their Advisory Fuel Rates which are effective from 1 September 2024. ➡️ You can find the update here: https://lnkd.in/dHuY46M 🗓️ Remember, you can still use the old rates for up to one month after the new rates take effect. #BusinessNews #businessowner #business #businessfinance #businessaccount #expenses #businesstips #ukbusiness #ukbusinessowners

In the latest edition of our weekly briefing, we provide timely insights across key investor areas, including taxation, property, private equity and the economy. We cover the latest developments across key sectors, including: ✅ Business leaders warn of economic risks as tax hike threatens UK competitiveness ✅ Inflation falls to 3-year low, sparking speculation of further BoE rate cuts ✅ UK property market sees surge in activity amid economic uncertainty ✅ Rise in secondary sales: private equity investors exit ageing funds amid liquidity crunch And more. As these dynamics unfold, the stage is set for an intriguing October budget that could have far-reaching implications for high earners and investors alike, investors should keep notified for further legislative changes. https://hubs.la/Q02VDxBC0

Major Changes in Capital Gains/Share Market Announced in #Budget2024 Exciting updates have been announced in Budget 2024 regarding capital gains and the share market. Here's a quick summary of the key changes: Tax Rate on Short-Term Capital Gains (STCG) on Equity Shares (Section 111A): Increased from 15% to 20%. Long-Term Capital Gains (LTCG) on Equity Shares (Section 112A):Increased from 10% to 12.5%. Exemption limit increased from 1 Lakh to 1.25 Lakh. LTCG on All Other Assets: Reduced from 20% to 12.5%. These rate changes are effective immediately from July 23, 2024. Additionally, changes in the Securities Transaction Tax (STT) rates are also announced: STT on Futures: Increased from 0.0125% to 0.02%. STT on Options:Increased from 0.0625% to 0.1%. STT rate changes will be effective from October 1, 2024. Stay informed and adjust your financial strategies accordingly! 💼

The extra allowance announced for ISA's last week is GOOD news. Sky News reported that this may not be as helpful as you might think, due to the lacklustre performance of the UK stock market. Never has anyone missed the point quite so remarkably. This is the EXACT reason why the Chancellor announced this extra tax free allowance. In the UK, only 20% of households own shares. In the US, this figure is closer to 60%. On top of this lack of investing, when we do invest, it seems we would rather buy American. According to fund network Calastone, last month alone British investors piled into U.S.equity funds at the fastest rate in at least nine years. We don’t invest in our own funds, because we seem to only want to pump up American valuations instead. However, could this change assist with a changing of positioning? Let's hope so for the #ftse100 Read more here: https://lnkd.in/eQx_pvEV TPP Edward Davies Siobhan Whelan Richard J. Hillgrove VI MA FRSA

𝗛𝗼𝘄 𝗖𝗼𝘂𝗹𝗱 𝘁𝗵𝗲 𝗨𝗞 𝗘𝗹𝗲𝗰𝘁𝗶𝗼𝗻 𝗜𝗺𝗽𝗮𝗰𝘁 𝗬𝗼𝘂𝗿 𝗙𝗶𝗻𝗮𝗻𝗰𝗲𝘀? With the UK election looming, here's a quick rundown on potential impacts to your wallet: Tax Tweaks: Parties differ on tax plans. Stay alert for changes to your pay packet and business profits. Public Spending: NHS, infrastructure, education – increased spending could mean more jobs and economic growth. Regulatory Roulette: New rules could shake up finance, real estate, and tech. Brace for compliance twists. Brexit & Trade: Election results will shape Brexit deals and trade policies, impacting prices and economic stability. Housing Hiccups: Housing policies may sway property prices and mortgage rates. First-time buyers and landlords, take note! Currency Quirks: Political uncertainty means pound volatility. Watch your international buying power. Curious for more? Join our webinar on 25th June at 18:00 GMT / 19:00 CET. Our expert panel includes: - Jake Barber - Founder & CEO, SJB Global - Jonathan Watson - Currency Expert, Lumon - Lewis Sell - Senior Financial Advisor, SJB Global Let’s dive deeper and prepare for the financial future. Sign up now! 🔗  https://lnkd.in/eqjQ_WXh #UKElection #Finance #Economy #Tax #Brexit #Housing #Webinar

The interim budget 2024 is positive for the corporate bond market by leaving more room for private sector issuance and signaling a faster decline in interest rates. Learn more about why these changes bode well for the segment in Gurpreet Chhatwal’s recent insights. For more budget-related information, follow #CRISILTalksBudget. #BudgetSession #Budget2024 #CapexEconomics

Yesterday I read about certain financial that one must know in order to manage his or her finances well, let me share it with you: 1. Rule of 72: This rule estimates how long it will take for an investment to double in value based on a fixed annual rate of return. Divide 72 by the annual rate of return to get the approximate number of years it will take for the investment to double. 2. Rule of 70: Similar to the Rule of 72, this rule estimates the time that any will get halved due to inflation. Divide 70 by the annual growth rate to find the approximate number of years for the investment to become half of its value. 3. 50/30/20 Rule: This rule helps with budgeting by allocating income into three categories: 50% for needs (such as housing and utilities), 30% for wants (such as dining out and entertainment), and 20% for savings and debt repayment. 4. 6x Rule: This rule suggests saving at least six times your monthly salary to create an emergency fund in any catastrophic needs 5. Net Worth Rule: This rule advises aiming to have a net worth equal to your age multiplied by your annual pre-tax income divided by 10. It provides a benchmark for assessing financial health and progress towards long-term financial goals. #finance #financialfreedom #personalfinance