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Stamp duty holiday extended: Rishi Sunak's confirms support will continue in 2021 budget | Personal Finance | Finance


Mr Sunak confirmed: So, due to the sheer volume of transactions we re seeing many new purchases won t complete in time for the end of March. So I can announce today. The £500,000 nil rate band will not end on the 31st of March, it will end on the 30th of June, then, to smooth the transition back to normal. The nil rate band will be £250,000, double its standard level, until the end of September, and we will only return to the usual level of £125,000 from October 1. 
In responding to the announcement, Francesca Carlesi, the Co-founder and CEO of Molo Finance, had the following to say: The extension is a responsible move by the Government. ....

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Capital Gains Tax: Rishi Sunak's Budget may mean 'stealth' change to CGT | Personal Finance | Finance


| UPDATED: 14:48, Tue, Mar 2, 2021
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Capital Gains Tax (CGT) is a levy charged on the profit made when someone sells an asset which has increased in value. It is the gain a person makes which is taxed, rather than the amount of money they receive, but some assets will be tax free. With increasing speculation Mr Sunak could change aspects of CGT tomorrow, some may wish to consider what this will mean for them.  ....

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What does the future hold for the DB transfer market?


Equilibrium FP partner believes an inconsistent ‘flow of work’ can leave industry in ‘danger zone’
The defined benefit (DB) pension transfer market has been one of the most contentious areas within the financial advice sector over last few years.
The Financial Conduct Authority (FCA) has implemented changes and initiatives in a bid to fix issues surrounding the British Steel Pension Scheme (BSPS) scandal, including the ban on contingent charging and its newly established DB advice assessment tool (Dbatt).
But, as the FCA cracks down on the market, a large rise in regulatory fees and levies, as well as extreme increases in professional indemnity (PI) insurance premiums, has left many firms with no choice but to exit the DB sector. ....

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