Addidi … for a richer life


Latest Entries

Budget 2016 – What It Means For You

The Chancellor managed to pull off a few surprises in his Budget last week, and there was good news for savers, and particularly good news for small business owners, which make up a number of our clients.

Posted by Anna Sofat on 24 March 2016
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Lower Rate Of Inheritance Tax Has Slow Start

Latest statistics from HMRC show that the number of estates where 10% or more of the net chargeable estate passes to charity is low compared to the number of estates chargeable to inheritance tax!

Posted by Anna Sofat on 1 October 2015
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Overpayment And Underpayment Of Tax On Pension Income

With the introduction of pension flexibility, there is now a greater likelihood that you might have either overpaid or underpaid income tax as a result of taking ad hoc payments from your pensions. HMRC has recently published advice on what to do if an individual has underpaid or overpaid income tax; there is even a short YouTube video which may be useful for you to watch! If you have overpaid or underpaid tax during the tax year, HMRC will notify you between now and October 2015 via a P800 tax calculation.

Posted by Anna Sofat on 18 September 2015
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August Was Not A Sunny Month!

The holiday month was anything but relaxing on the equity markets, but just how bad was the hit?

Posted by Anna Sofat on 15 September 2015
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Recent Market Turmoil Driven By Events In China

Given the market turmoil over the past few days, we thought it would be a good idea to take a step back and look at how we invest money at Addidi, and the potential implications of the recent developments on our portfolios. We hope that you will find this interesting.

Posted by Anna Sofat on 26 August 2015
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Family Fail To Overturn Suspicious Will

The family of a deceased man have failed to have his will overturned on the grounds of “lack of knowledge” and “approval” despite the fact that he left his entire estate to a builder with whom he had been friends with only for a short time.

Posted by Anna Sofat on 20 August 2015
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'Workplace ISA' Plan To Supplement Pensions

A right-leaning think tank published a proposal for a 'workplace ISA' as an alternative to pensions and the Financial Times reported that the new pensions minister had commented favourably on the idea before her appointment to government.  While some Conservatives seem to believe pension tax reliefs are too costly, the real case for ISAs is that young people often feel they may need access to their cash, and age 55 (the earliest age for access to pension fund cash) is simply too long a wait.

Posted by Anna Sofat on 18 August 2015
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A New Approach To Retirement Funding?

The National Employment Savings Trust (NEST) has developed a strategy for retirement for the pension funds accumulated by workers. After extensive research it has concluded that in the first phase of retirement from ages 60 to 70 it is best to leave the fund invested in a mixture of financial assets, but with 10% in cash available for unexpected needs. Between 70 and 80 the funds intended to provide income are locked in, and in the third phase (80 plus) the capital is used to buy annuities for income security. Employees will be able to opt out of these 'default' solutions if they wish.

Posted by Anna Sofat on 11 August 2015
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Higher Rates Warning

A rise in the 'swap' rates paid by mortgage lenders signals that a rise in lending rates is coming, says the Telegraph. Swap rates have risen by about half a percent since April, yet mortgage rates have stayed steady or even fallen slightly. Mortgage brokers say a lack of demand for loans has forced lenders to be ultra-competitive.

Posted by Anna Sofat on 6 August 2015
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Cash Compensation Limit Cut From 1st January 2016

From 1 January 2016, the Financial Services Compensation Scheme (FSCS) will reduce the compensation limit for savers from £85,000 to £75,000. 

Posted by Anna Sofat on 5 August 2015
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