Individual Savings Accounts (ISAs) are tax-efficient savings vehicles that allow you to save and invest without having to pay income tax or capital gains tax. They can be a good way for people to start saving or to add to their existing portfolio of savings and investments.
Prime Minister Theresa May made history on 29 March as she began the official Brexit process by triggering Article 50 of the LisbonTreaty in a letter to European Council President Donald Tusk.
Occasionally, the UK government amends the rules governing Inheritance Tax (IHT). Differing Governments will often take an alternative view in terms of how tax law should be created and applied. It was announced that there are to be further changes to how IHT applies to non-domiciled individuals – those who are domiciled outside of but have
interests inside the UK. Continue reading
Welcome to 2017! Did you make any resolutions concerning your personal finances last January? If so, how did you do? If it didn’t all go according to plan, now is the perfect time to start again and reassess your position by considering ways to improve your financial well-being for today and your future. Continue reading
The outcome of the Referendum confounded the predictions of the opinion polls, the bookies and the markets. All three ended the working day on 23 June with the assumption that the Remain side would win, albeit by a small margin.
That consensus is one reason why the markets moved so sharply when the results emerged. Initial falls in the pound and the world stock markets were a knee-jerk reaction of a near instantaneous change of view. The resignation of the Prime Minister merely added to the short term concerns, even though it was always likely soon after a Leave vote.
Pause and take stock
At such times, it is worth pausing for breath before taking any precipitous action. History suggests that trying to exploit the unavoidable turbulence carries considerable risks. As the Governor of the Bank of England said in his statement on 24 June:
“Inevitably, there will be a period of uncertainty and adjustment following this result.
There will be no initial change in the way our people can travel, in the way our goods can move or the way our services can be sold.
And it will take some time for the United Kingdom to establish new relationships with Europe and the rest of the world.”
The next few days and weeks will see sharp market movements, probably in both directions, as the markets find a new equilibrium. Those are conditions traders will attempt to exploit, but for long term investors a wait-and-see approach will generally make more sense.
If you have any concerns around your investments or other questions, please don’t hesitate to get in touch with us.
Wealth management and Independent Financial Adviser organisation Gemini Wealth Management has reappointed Paul Reid as its Investment Manager following the departure of Chris Hill to Miton Asset Management.
Paul has been with Gemini, in various roles since its inception in 2006 and last headed the investment management team in November 2013. He takes over day-to-day responsibilities for managing the team and client assets totaling in excess of £245million.
Speaking of his reappointment, Investment Director Jason Moore comments “We wish Chris well in his new role at Miton, but are pleased to welcome Paul back into the role. Paul knows Gemini’s processes and clients inside out and will be a great asset to the team”
Fellow Director Gary Metcalf adds, “With the ongoing planning for the launch of our Discretionary Investment Management proposition later this year, Paul’s knowledge and qualifications will prove invaluable. He is a longstanding and respected member of our team”
Paul concludes, “When Chris left, I was happy to step back into my former role. As an adviser, I had worked closely with the team and it was easy to pick things back up and hit the ground running. With this being Gemini’s 10 year anniversary and with the imminent launch of our discretionary proposition, it is an exciting time.”
Gemini Wealth Management is part of the Gemini Professional Financial Group. For more information on Gemini – please visit www.gemini-pfg.com