News & Blog

The latest press releases and opinion from Bishop Fleming

Will you be working past the accepted retirement age?

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Many do, according to research by the Chartered Institute of Personnel and Development (CIPD). In fact, more than a third (37%) of respondents out of a total of 1,656 employees surveyed believe that they will…

Another notch in the state pension age

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An independent review has recommended bringing forward the move to a state pension age of 68. There was a time when men received their state pension from age 65 and women from age 60. Those…

Should millionaires be forced to publish tax details?

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The shadow Chancellor, John McDonnell, has said a Labour government would force people earning £1 million a year or more to publish their tax records. McDonnell said the move would help curb tax avoidance and…

Tackling the gender pay gap

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As new reporting requirements come into effect, a charity for women aged 16-30 on low or no pay, Young Women’s Trust, has called for further action to reduce the gender pay gap. The charity is…

Time to review your salary sacrifice arrangements?

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New rules for taxing many salary sacrifice arrangements come into force from 6 April. One of the employment trends of recent years has been to make employee remuneration more flexible. Instead of pay and, if…

Auto-enrolment report provokes call for change

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A recent Citizens Advice report has highlighted the problem of people working in multiple jobs and failing to qualify for auto-enrolment despite earning over £10,000 a year in total. Women are more likely than men…

One law for the rich and another for the poor?

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HM Revenue & Customs (HMRC) high net worth unit has come under scrutiny as to whether or not it’s doing a good job. The House of Commons’ Public Accounts Committee (PAC) has led the way…

Investing in a new Lifetime Individual Savings Account

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Since 6 April 2017 an individual aged between 18 and 40 can invest up to £4,000 a year into a new tax free Lifetime Individual Savings Account (LISA). This forms part of the overall maximum…

Inheriting the family home

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Inheriting the family home is becoming less expensive due to a new inheritance tax (IHT) relief for residences which was introduced in April 2017. The relief is flexible enough to allow a person to downsize to…

IFA acquisitions – are you ready for your new clients?

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We have continued to see a good level of activity in the M&A market for investment advisory firms for both share and asset / client book deals. Whilst the immediate economic benefits of such a…