Marcin Wojcik Argentis Wealth Management

08/09/2022

BREAKING NEWS: Queen Elizabeth, the longest-serving monarch in British history, has died aged 96, Buckingham Palace has announced.

Read more here: https://on.ft.com/3x8bvvE

28/02/2022

You have until 5th April 2022 to take advantage of the current allowance as you cannot carry any unused ISA allowance over to the following tax year!

04/01/2022

The housing market ended 2021 on a high with strong demand for property, and the trend shows no signs of slowing🏡💸

The housing market ended 2021 on a high with strong demand for property, and the trend shows no signs of slowing, placing upward pressure on property prices.

17/12/2021

Bank of England has started raising its interest rates.
If you want to find out more on how it can impact you. Do not hesitate to contact me.

Borrowing costs increase from 0.1% as central bank highlights inflation risk

27/10/2021

https://www.google.com/amp/s/amp.theguardian.com/uk-news/2021/oct/27/autumn-budget-2021-key-points-rishi-sunak

Rishi Sunak has announced his budget – here are the main points, with political analysis

02/08/2021

The wrong type of ISA?
New statistics from HMRC show over £300bn invested in cash ISAs.

Source: HMRC.



One of the many knock-on effects of the pandemic has been that HMRC’s annual updating of statistics has suffered delays. As a result, details of ISA subscriptions and holdings for 2019/20 have only just emerged. Among many interesting facts, the data shows:



Despite ultra-low interest rates, the amount of money invested in cash ISAs has continued to grow. In 2019/20, £48.75 billion of subscriptions were received, more than twice as much as was invested in stocks and shares ISAs.
The increase in the maximum overall ISA contribution to £20,000 in 2017/18 (from £15,240) has still not driven total annual subscriptions above their 2014/15 peak.
Lifetime ISAs (LISAs), launched in 2017/18 to no great fanfare, have since grown in popularity, with 2019/20 subscriptions more than double those of the previous year. This jump may have been helped by the closure to new investors of the Help to Buy ISA in December 2019.
For the first time, over one million subscriptions were made to Junior ISAs (JISAs) in 2019/20, with total investment of £974 million.
The total amount invested in ISAs (excluding JISAs) in April 2020 was just under £620 billion, of which just over half was held in cash ISAs. The cash proportion would likely be substantially smaller today, as the value of stocks and shares ISAs were depressed in April 2020 when the first lockdowns got underway.
The continued dominance of cash ISAs is, at least in part, a reflection of the lack of financial planning advice received by many ISA investors. The personal savings allowance, introduced in 2016/17, means that basic rate taxpayers (calculated using UK-wide rates) pay no tax on their first £1,000 of interest and, similarly, £500 of interest is tax free for higher rate taxpayers.



At current interest rates, it takes a considerable amount of capital to exceed even the lower threshold so taking out a cash ISA could be of questionable value compared with an ordinary deposit, which might pay a higher interest rate. However, the ISA framework could be useful to you in other ways, so advice is essential before taking any action on a cash ISA.



The value of your investment and the income from it can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance.



Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances.

The value of tax reliefs depends on your individual circumstances. Tax laws can change. The Financial Conduct Authority does not regulate tax advice.

06/04/2021

Investing your money in an ISA at the start of the tax year, rather than leaving it to the last minute, will leave you substantially better off.

03/03/2021

Hi Everyone!

So...budget day..

Here are a few of the changes being made but please let me know if you have any questions!

1. Stamp duty waiver extended until the end of June 🏡

2. After June there will be no stamp duty on homes worth up to £250k for another 3 months.

3. There are going to be new 95% mortgages from next week!!

4. No changes to inheritance tax, capital gains tax or pension lifetime allowance ❗

5.Corporation Tax is going to increase to 25% in April 2023

6.Income Tax thresholds frozen from next year until 2026

What does everyone think of the new changes?

Rishi Sunak has delivered his budget – here are the main points, with political analysis

12/02/2021

Good afternoon everyone

Please find below an Interesting view about potential impact of negative Bank of England base interest rates.

Hope you all find it interesting

If you will have any questions around that subject, please do not hesitate to contact me.

Have a good and safe weekend🙂

Please note: by clicking this link you will be moving to a new website. We give no endorsement and accept no responsibility for the accuracy or content of any sites linked to from this site.

14/01/2021

A stamp duty holiday, which expires in March, sparked a flurry of homebuying activity.