Martin’s Memo

Tax Year End 2018/19

The end of any tax year sparks a flurry of activity in the financial services industry and Conçerva is no different. As we close in on 5th April this activity will increase and so we would recommend that any action is taken in good time to avoid any potential issues.

ISA allowances not utilised by 5th April 2019 will be permanently lost and the potential to place £20,000 (or £4,260 for Junior ISAs) into this tax efficient investment will be gone. Similarly, if you fail to take advantage of your Annual Exemption for Capital Gains Tax purposes this opportunity will be forfeited. It is possible to realise gains up to £11,700 without incurring a tax charge.

In addition to utilising the above allowances, we recommend maximising contributions into your pension prior to 5th April 2019 if you have the means to do so. The current maximum that an individual can pay into a pension is £40,000 gross, dependent on their relevant income, but if you have income over £150,000 this will begin to reduce. This is a technical area and if this is relevant to you please contact your Conçerva adviser for further information on this point.

As part of our ongoing service Conçerva aims to ensure that you do not miss the chance to benefit from these opportunities and if you are unsure about whether or not you have utilised any of these allowances please do let us know and we will be more than happy to assist you.

Martin Kettle

Staff Matters

  • With the Christmas festivities out of the way, some of the team have been using this less hectic time to further their professional development.
  • Adam Robinson has begun his journey to achieving a Diploma in Regulated Financial Planning by sitting and passing the Financial Protection exam. Just five more to go!
  • At the other end of development ladder, both Liam Taylor and Chris Gregory have begun working towards regulatory sign-off and should soon become fully qualified Financial Advisers in their own right.

Statistical Information

Last Month This Month Change
CPI 2.3% 2.1% -0.2%
RPI 3.2% 2.7% -0.5%


UK Consumer Price Inflation

December 2018 February 2019 Change
Base Rate 0.75% 0.75% +0.00%

MPC Meeting – Summary and Minutes