News:

  Last weeks budget can be summed up as safe, and we’re inclined to agree. The two shibboleths of inheritance tax and pensions were both avoided by the Chancellor – a review of the former by the Office of Tax Simplification is due to be published later this year, though we suspect that the Treasury already know what the report will say. And pensions didn’t merit any words, wise or otherwise. PFI was abandoned, leaving £200bn of liabilities on the governments balance sheet. Wine will be taxed a little more, but not beer, and the fuel duty escalator remains stationary. More money will go to the NHS, to schools and to defence, the self-employed are going to be stung for…[...more]

Inheritance tax explained by the experts   Inheritance tax is something more of us are having to pay, as inflation and asset growth push many across the nil-rate threshold.   For most people, working out your inheritance tax allowance is fairly simple, but what about those of us with more than £2million in assets, with more complicated financial affairs, or who have already passed their house on to the next generation?   We go through the basics and illustrate how a more bespoke service can make the difference for high net worth clients.   How to work out your inheritance tax allowance. The inheritance tax threshold, or nil rate band, is at the time of writing £325,000, which means that…[...more]

We are delighted to report that David Battersby, who joined us in April, has received approval from the Financial Conduct Authority to discharge the CF30 controlled function.  In plain English, this means looking after clients.

Maunby is delighted to welcome David Battersby as a Consultant with effect from 23rd April 2018, after a career in stockbroking and investment management spanning over 30 years, which started at Cawood Smithie in Harrogate. He is a Chartered Fellow of the Chartered Institute for Securities and Investment, and a past President of the Manchester and District branch of the CISI.  David’s particular area of interest is Investment Trusts and how they relate or compare to open ended funds and modern Exchange Traded Funds, and he has frequently appeared in media and print such as BBC News, ITV, the Today Programme on Radio 4 and the Yorkshire Post.

Since the scrapping of indexation and taper relief in 2008, which were complicated ways of incorporating some inflation protection when calculating taxable capital gains on shares, the Government seems  each year to have been almost unable to resist tinkering with the way tax is applied to investments. Two years ago dividends came into scrutiny through the removal of the dividend tax credit.  A £5,000 tax free allowance was introduced to help offset the higher tax burden placed on investors, but this balance has proven short lived.  As with the lower rate of tax that accompanied the abolition of indexation and taper relief, the allowance on dividend income will fall to just £2,000 in the next tax year. What does this…[...more]

Maunby is delighted to announce the appointment of Haydn O’Brien as an Executive Director, and of Chris Keen as a Non-Executive Director, with effect from 1st January 2018. We say farewell to Richard Clough with a deep sense of gratitude for his level-headedness and wise advice over the last four years since his appointment, and wish him all the best for the future. Chris comes to us after a long and successful career in the City. Two years in stockbroking during the oil crisis of the early 1970’s were followed by over 20 years at a Kuwaiti owned Bank in London. Here, Chris created Asset Management, Private Banking and Property financing businesses, and served as CEO of the bank from…[...more]