Autumn Statement 2014

Please click here to see our summary of the key announcements in the 2014 Autumn Statement.  We hope you will find it useful and interesting.

It was much more significant than most Autumn Statements have been in the past and reflects the fact that there is only one more such occasion before the May election. So George Osborne was clearly aiming to make a favourable impression.

The greatest impact will be on the housing market, which will immediately feel the beneficial effects of his lowering of stamp duty for the vast majority of home buyers – although it will only serve to dampen the very top end of the market.

The reform to ISAs – making them inheritable, at least between married couples and civil partners – echoes the upcoming and welcome changes to the taxation of pension death benefits.

There were many other important announcements which we cover in the summary. 

The information regarding taxation is based on our understanding of law, HM Revenue & Customs practice and current legislation, which may be altered and depends on the individual financial circumstances of the investor. The value of investments may fall as well as rise.

Testimonials

I’ve worked with Highwood since we started our company over 12 years ago. Highwood now not only works with my business partner and me, but also a large number of the 80 people that work here at Grand Union. In addition to always getting strong financial advice from the Highwood team, I rely on Michael Gould for crucial guidance and support in relation to my family and professional finances. His expertise, understanding and, above all, candour has proved invaluable throughout this time.

Matt Nicholls
Chief Executive, Grand Union Limited

Highwood Financial Services have been instrumental in helping us to get our financial house in order and giving us confidence in our plans for the future. We have a small business, and two young children, but we knew that we had gaps in our arrangements. Financial planning requires a high degree of trust, and we instantly had a rapport with Michael Gould that meant we had no hesitation talking with him about our journey so far and hopes for the future. In conjunction with a detailed assessment of our appetite for risk, he conducted a wide-ranging financial review of our existing insurance, historic pension and ongoing savings arrangements, and gave clearly reasoned advice on how to better structure them. We discussed his recommendations in great detail and followed all of his advice. With good life insurance and critical illness cover now in place, with new consolidated pension arrangements, we have confidence in the cover and plans that have put in place for ourselves and our family.

Ben Cons
The French Bedroom Company