Shire Financial Management News

Changes to Tax Relief for Buy to Let Landlords


Currently individual landlords can deduct their mortgage interest costs from their rental income when calculating the taxable profits on their investment (buy to let) properties. This means they get tax relief on the interest at their full marginal rate of ...

Widespread lack of Income Prtotection


Providers warn of "woefully" unprotected masses despite SSP rise Providers have welcomed the government’s statutory sick pay increase, but warned against “woefully” high rates of unprotected families as welfare cuts continued. Bright Grey, said the increase from £85.85 to £86.70 standard SSP ...


Almost one-third of new debts are not backed with life cover, according to a report by independent financial research company Defaqto. The Council of Mortgage Lenders said there were 925,000 new mortgage advances in 2009, but the Association of British Insurers ...

Insurance ignorance


The Protection Oversight research undertaken on behalf of Friends Provident has revealed a shocking consumer ignorance when it comes to protection products. The research showed that nearly half (24 million) of people in the UK have no Insurance in place to ...

Parents leaving themselves unprotected


The amount of debt amongst parents with dependent kids is increasing dramatically, leaving them at risk of being unable to survive financially should anything happen. New research from the Scottish Widows protection Report reveals three out of five ...