Pension Transfer Gold Standard

Autumn Statement 2015

Please click here to see our summary of the key announcements in the 2015 Autumn Statement.  We hope you will find it useful and interesting.

Mr Osborne’s primary goal was to deliver the Spending Review, so there was a heavy emphasis on departmental expenditure and the £4,000bn expected total government spending over the next five years. Nevertheless, the Chancellor did make a number of tax-related announcements:

  • The rates of stamp duty land tax (SDLT) will be increased by 3% for the purchasers of second homes and buy-to-let properties from 1 April 2016. Three years later, any capital gains tax due on the disposal of residential property will have to be made as payment on account within 30 days of the disposal.
  • Small business rates relief was extended for another year. With local councils also being given the power to control local rates, this looks likely to be an interesting development.
  • There was a pause in pensions announcements with pensions tax relief proposals deferred until next year. But the rate for the new single tier pension coming in from April 2016 was set at £155.65 a week.
  • The Chancellor also announced that his controversial proposed changes to tax credits have been scrapped at a cost of £3.4bn in 2016/17.

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.


Michael’s presentation at the Moor Park Business Club was top class. Apart from my own views, I sat next to an IFA who was nodding all the way through your talk and commented on the excellent manner it was given. He said that he witnesses many similar presentations on similar topics but this had been the best ever witnessed.

As well as coaching individuals in Public Speaking, with an emphasis on Wedding Speeches, I work as an examiner/assessor for a Qualifications Awarding Organisation – English Speaking Board (ESB). As such I travel around the country assessing people giving presentations with view to them acquiring a professional qualification in Communication Skills. Had I been assessing you today there is no doubt you would have achieved a ‘Distinction’ in the ESB Award in Professional Presentation Skills which is at Degree level. Everything about it was excellent. I wish more people could communicate in such a professional manner as you did earlier today.

Graham Le-Gall
Specialist Wedding Speech Coach

As soon as we met Michael Gould of Highwood we felt confident that we could trust him as a financial adviser. He gives us sound advice; we receive excellent service from his team and we have been delighted with the performance of our portfolio. We have recommended Highwood to our family, friends and clients, all of whom are equally pleased.

Michelle and Jeremy Fisher