August 2019 Newsletter : Cylchlythyr Misol Awst 2019
Whenever you have a renewal of gas / electricity / home and car insurance always check quotes with a price comparison website. You will probably find an equivalent cheaper deal, often with your existing supplier!
A new “online will” service has been launched by one of the major Cardiff law firms whom I work alongside. If you wish to prepare / review a will please let me know. I can discuss the will and its implications with you and submit the details online. The solicitors will then prepare a draft will without the need to visit them in their offices, leading to a saving of fees and simpler administration. Please contact me for further details.
From 6 April 2020 more self employed workers in the private sector may find if they have an ongoing contract with a large company that their income will be taxed under PAYE rules.
There has been a review of Inheritance Tax. Possible changes suggested include a simplification of the gift exemptions / a change of gift reliefs from 7 to 5 years / changes to Business Property and Aim shares relief.
The next Budget (s) could be interesting – I will prepare a special Budget newsletter after the Budget announcements.
Ask Huw: What can I do to make my holiday money go further?
At today’s rate in the wholesale market the £ will buy 1.08 euros and $1.21 at wholesale prices. The record lows are Euro 1.02 in 2009 and for those with long memories, self included, $1.05 in 1985.
- Never buy currency in the airport, you could lose a further 25% / ferries around 20%. Post Office, John Lewis, M&S are competitive.
- Use a credit card which does not have a transaction fee – Post Office.
- Always pay in local currency not pounds.
- Outside the EU communication can be very expensive. Turn off data roaming and use hotel / cafe wi-fi. Limit communication to email / social media and use whats app for phone calls wherever possible.
If you wish to contact me in complete confidence my details are:
www.huwrobertsaccountant.com 07967 976854