Lyonhurst Wealth

23/03/2025

For any clients who have not yet maximised ISA or pension contributions in the current tax year, the cut off for most providers will be this week due to the volume of reconciliations.

19/12/2024

Rather than send out client Christmas cards, we have instead made a donation to a very worthwhile charity, Ibiza Horse Valley.

The sanctuary takes in old and abandoned horses from the Balearics and beyond, and provides them with a safe and loving home in idyllic surroundings where they can live out their days.

Please visit https://www.ibizahorsevalley.com/ to make a donation or sponsor a horse.

06/03/2024

So Mr Hunt has announced his latest budget, we're still going through all the announcements, but our initial takeaways are:

• Fuel duty has been frozen for a further 12 months
• Alcohol duty has been frozen for a further 12 months
• VAT registration threshold increased by £5,000 to £90,000 from 1st April 2024
• OBR have forecast UK economic growth this year of 0.8% and 1.9% next year
• A new "British ISA" allowance of £5,000 per year in addition to the existing £20,000 ISA allowance
• £3.4bn investment in the NHS IT systems to improve productivity
• Introduction of excise duty on va**ng from 2025 and increase on to***co of 1% from xx 25
• Increase in air passenger duty
• Furnished holiday letting tax abolished
• Multiple dwellings relief on stamp duty abolished
• Higher rate CGT for residential property reduced from 28% to 24%
• Non domiciled UK residents tax system replaced with a new residency based system from April 2025. After 4 years residency individuals will pay tax at the same rate as domiciled residents.
• High income child benefit charge to be changed so income is assessed at household level from April 2026. In the meantime the taper starting rate will increase from £50,000 to £60,000
• Employee National Insurance reduced to 8% and self-employed National Insurance reduced to 6% from April.

16/03/2023

So as promised, here are our takeaways from yesterdays budget announcement by the Chancellor, not everything is included, but the highlights are:

As previously announced, the personal allowance for income tax will remain at £12,570 per annum and the tax bands will also remain the same, apart from the additional rate band which now starts at £125,140.

The Inheritance Tax allowance will also remain at £325,000

The Lifetime Allowance Charge on pension crystallisations above the Lifetime Allowance will be removed from the 6th April 2023, with the Lifetime Allowance itself abolished from April 2024 (although this is subject to the passing of a Finance Bill at some point in the future. This has significant meaning for those who were approaching or over the LTA, and especially for anyone with transitional protection. Ensure that you discuss how it will affect you with your adviser.

As widely rumoured, from 6 April 2023, the annual allowance has been increased from £40,000 to £60,000, the first increase since 6 April 2014. Carry forward of unused annual allowance from the three previous tax years will still be available.

The Money Purchase Annual Allowance (MPAA) has been increased from £4,000 to £10,000 with effect from 6th April.

The Adult and Junior ISA limits remain unchanged at £20,000 and £9,000 respectively.

Fuel Duty has been frozen, with the current cut of 5p on petrol and diesel to remain for another year.

Alcohol tax is due to rise with inflation, however there are new reliefs for beer, cider and wine that is sold in a pub.

Tax on to***co to increase at 2% above inflation and for hand-rolling to***co 6% above inflation

The energy price cap will be kept at £2,500 for a further 3 months (until the end of June 2023)

30 hours of Free childcare for working parents to be expanded to cover one and two year olds from April 2024

Inflation expected to fall to 2.9% by the end of 2023

The main rate of corporation tax is to rise from 19% to 25%

If you would like to discuss how these changes will affect you, email us at [email protected]

14/03/2023

There's lots of discussion in the press about what will or won't be in the budget tomorrow, especially concerning pensions.

We'll have an update for you as soon as we have the details

13/01/2023

Thought we’d show how well markets have rebounded in January - including FTSE at a near-record high - because the media probably won’t….

23/12/2022

Everyone at Lyonhurst Wealth would like to wish you all a very merry Christmas and a happy and prosperous New Year.

We look forward to continuing to assist you with your financial and protection planning in 2023

15/11/2022

We receive a lot of market alerts – here are some we have received in the last week:
‘FTSE and European stocks head lower as China disappoints’
‘FTSE 100 and European stocks slump as key data adds to economic uncertainty’
‘FTSE and pound rise despite UK economy heading for recession’
‘UK economy at ‘significant risk’ of recession in 2023, says think tank’
‘FTSE 100 opens flat as UK unemployment rate rises’

In this time:
- FTSE 100 up 1.20%
- FTSE 250 up 2.20%
- FTSE AIM up 2.22%
- DAX up 4.46%
- NASDAQ up 5.98%
- Hang Seng up 10.79%

Not one alert relating to any of these numbers….

13/10/2022

New client meeting room done - office coming along very nicely 🙂

12/10/2022

Can’t be built quickly enough; the reliance on China needs to be reigned in to reduce supply-chain issues in future

The Arizona capital’s history of semiconductor manufacturing helped it land a deal with the world’s largest chipmaker

11/10/2022

A well-diversified portfolio and consideration of alternative asset classes is likely to be key to riding out the current uncertainty.

One of the basic principles is diversification. Learn more about the role of correlations in portfolio theory and crypto asset investing.

08/10/2022

China’s ridiculous and impractical ‘zero Covid’ policy continues to have a major impact on supply chains and subsequently on global markets

(Bloomberg) -- China’s services activity contracted in September for the first time in four months as Covid lockdowns in major cities such as Chengdu dampened consumer spending.The Caixin services purchasing managers’ index fell to 49.3 last month from 55 in August, S&P Global said in a statemen...