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Month: October 2022

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WEBINAR – How To Build A Strong Retirement Plan

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On the 24th of November, Greg Armstrong one of our trusted Financial Advisers, has decided to offer his wealth of knowledge on retirement planning to those of you who are wanting to build a sound and solid foundation of security for your future.

Retirement is inevitable and it is one of those stages in life that can be very daunting to most. So building a solid foundation right from your first contribution is one of the key aspects of financial planning. If you have just started to save for retirement or if you are wanting to build onto your current retirement plan, then this webinar is for you. By attending this webinar you will get a better understanding of what you need to do in order to achieve your retirement goals.

 

What will be covered?

  • Key assumptions to take into account
  • How these assumptions are changing
  • What factors to take into account (Age, income needed, key events and more)
  • Scenario-based planning
  • Maintaining and managing your retirement Plan

Join Greg on the 24th of November for 45 minutes to and 1 hour of learning how to build up a strong retirement plan to suit your needs.

Those who register to the event will be sent a link to the webinar a day prior to the event reminder emails leading up to the event with the webinar links attached.

Please email info@old.ascotwm.com for any questions.

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Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.old.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used. 

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Stamp Duty Land Tax

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Stamp Duty Land Tax

Stamp Duty is a tax you pay if you buy a residential property or a piece of land in England or Northern Ireland over a certain price. The price is set by the government.

The amount you are due to pay depends on when you bought the property and how much you paid for it. Stamp Duty Land Tax (SDLT) only applies to properties over a certain value.

The Chancellor of the Exchequer, Kwasi Kwarteng, announced a change to Stamp Duty rates on 23rd September 2022. The starting threshold for paying Stamp Duty has been increased from £125,000 to £250,000. Homebuyers will not have to pay stamp duty on the first £250,000 of any property purchase. The new tax tiers for amounts above the threshold will be as follows.

Stamp Duty Rates

Old Stamp Duty Rates

First-Time Buyers

This is a person who is purchasing their only or main residence and has never owned a property in the UK or abroad.

First-time buyers will pay no Stamp Duty on properties up to £425,000. For properties up to £625,000 they will pay a discounted rate. They will pay no stamp duty up to £425,000 and then 5% Stamp Duty on the amount above £425,000 up to £625,000.

For properties over £625,000 the first-time buyer would no longer be classed as a first time buyer and would have to pay the standard rates of Stamp Duty. They will not qualify for first-time buyer’s relief.   

Stamp Duty On Second Home

Those buying an additional property or a second home will pay an extra 3% in Stamp Duty on top of the standard rates. 

Written by: Nwabisa Janda

03 October 2022


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Ascot Wealth Management Limited is authorised and regulated by the Financial Conduct Authority reference 551744. Our registered office: Scotch Corner, London Road, Sunningdale, Ascot, Berkshire, SL5 0ER. Registered in England No. 7428363. www.old.ascotwm.com Unless otherwise stated, the information in this document was valid on 3rd February 2017. Not all the services and investments described are regulated by the Financial Conduct Authority (FCA). Tax, trust and company administration services are not authorised and regulated by the Financial Conduct Authority. The services described may not be suitable for all and you should seek appropriate advice. This document is not intended as an offer or solicitation for the purpose or sale of any financial instrument by Ascot Wealth Management Limited. The information and opinions expressed herein are considered valid at publication, but are subject to change without notice and their accuracy and completeness cannot be guaranteed. No part of this document may be reproduced in any manner without prior permission. © 2017 Ascot Wealth Management Ltd. Please note: This website uses cookies. To continue to use this website, you are giving consent to cookies being used.