We are delighted to be able to provide you with our summary of the key announcements in the Budget 2018 statement, made on Monday 29 October, which can be accessed by clicking here. The Chancellor has laid out details signalling the end to austerity in a statement delivered between key meetings in the Brexit negotiations. Following good news from the OBR, which reported borrowing £13 billion lower than forecast in March, some of the pressure was off Mr. Hammond. Expectation leading up to the Budget had been for tax rises, with various revenue raising options discussed ahead of the statement. Despite this, the headline changes announced by the Chancellor were predominantly good news for taxpayers and businesses: The personal allowance will be raised to £12,500 from April 2019, one year earlier than previously planned. At the same time, the higher rate threshold will rise to £50,000, also a year ahead of schedule. The annual Capital Gains Tax exempt amount will rise to £12,000 for 2019/20. The pension lifetime allowance will increase to £1.055 million for 2019/20, with no change to the annual allowances. The annual investment allowance (AIA) will increase to £1 million for all qualifying expenditure on plant and [...]
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HFMC Wealth has acquired Generic Financial Management for £3m, adding 270 clients and £150m of assets under advice and management to its books.
HFMC Wealth’s partnership with PCGB is a dream come true for lifetime Porsche enthusiasts Jeremy Hoyland and Marcus Carlton. Click here or below to open the PDF article.
The Spring Statement was relatively brief, whereas previous Chancellors have used their Autumn Statements as mini-Budgets. Instead, it was what the Autumn Statement was originally meant to be: a between-Budgets review of the public nances. No doubt the Chancellor was helped by revised projections from the Office for Budget Responsibility (OBR), which were marginally better than last November’s numbers... Read more in the full HFMC Wealth Spring statement:
FINANCIAL PLANNERS HFMC in pole position as lead sponsors of classic Goodwood Motorsport event - raises nearly £50,000 for life care charities. FINANCIAL PLANNER HFMC Wealth is pleased to announce it is the lead sponsor of Veloce, an annual classic motoring charity event inspired and curated by international entrepreneur Peter Neumark. The event’s inaugural meet at the iconic Goodwood motor circuit last month raised nearly £50,000 for leading charities, including Hope House (respite care for children), Wings for Life ( spinal cord injury research), Hope for Tomorrow (mobile chemotherapy units) and the Henry Surtees Foundation, all joint recipients of the money raised by the event. Commenting at the close of an extraordinary "ultimate lifestyle" day, HFMC Wealth's CEO Jeremy Hoyland said: "how extremely proud we are to work with Peter on raising these funds for charities. Classic car collectors and leading race drivers donated their time and resources to bring together the unique event, where guests experienced flying laps around the challenging circuit with their hero drivers in legendary motor cars. The cars in action on the day included a 1930 Bentley Speed Six driven at Le Mans that year by The Bentley Boys, a Jaguar D-Type which came second at [...]
HFMC to sponsor Veloce 2018 at Goodwood Veloce is an exclusive motoring event in September that aims to raise £100,000 for charities including the Henry Surtees Foundation. Read about last year's event here http://www.v-management.com/home-one-page/veloce-2017-goodwood/