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About HFMC Press Team

Headed by CEO Jeremy Hoyland, HFMC Wealth is a privately owned and independent financial services/financial planning company with offices in central London and Weybridge, Surrey. The company works with financially successful people and their families to bring direction, focus and efficiency to their financial world, freeing up their valuable time. Client care is at the heart of the business; each client is supported by a dedicated team backed up by expert divisions including tax, employee benefits, specialist investment management and private finance. HFMC Wealth actively supports the PFS and all team members in attaining their Chartered and Fellowship status

Counting the day – UK Residence, exceptional circumstances & Covid-19

With more than 400,000 people around the world contracting coronavirus, there are more important concerns than personal tax at the moment. However, as we move towards 5 April and the end of the UK tax year, some individuals will be worried that an extended stay in the UK due to coronavirus could prejudice their tax position.

By |2020-04-06T15:51:09+01:00April 1st, 2020|Insights|0 Comments

COVID-19 Mortgage Payment Holidays

On 17th March, the government announced that anyone struggling as a result of the coronavirus outbreak will be able to take a three-month mortgage repayment holiday. It has been confirmed that this will apply to all residential and buy to let mortgages, as well as those with Help to Buy equity loans. All lenders are required to comply.

By |2020-04-06T15:43:49+01:00March 24th, 2020|Insights|0 Comments

The budget pension allowance changes you need to know about

In recent months, the issue of the pensions Tapered Annual Allowance has never been far from the headlines. As senior NHS staff cut hours and refused additional shifts in order to avoid a significant tax bill, the government announced an urgent review into the issue in late 2019. During his Budget speech on 11 March 2020, the Chancellor announced the results of that review, and the changes that will be made for the 2020/21 tax year. Of course, it hasn’t just been NHS staff that have been impacted by the taper, so here’s your summary of the changes. Increases in the thresholds that determine the taper During his Budget speech, Rishi Sunak announced that, from 6 April 2020, there will be an increase in the two thresholds that determine whether you are affected by the taper of the annual pension savings allowance, and by how much. These changes will affect both individuals and employers. The rules are complicated so here’s a look at who these changes will impact – both positively and negatively. The current position for individuals In the 2019/20 tax year, if your ‘threshold income’ (broadly, all income including investment income, less certain deductions) is less than [...]

By |2020-04-06T15:44:01+01:00March 17th, 2020|Insights|Comments Off on The budget pension allowance changes you need to know about