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Last
Week in the Markets
22 April 2012
|
| Index |
Close |
Week’s
Change |
52-Wk
High |
52-Wk
Low |
| FTSE 100 |
5,772
|
+2.13%
|
6,104
|
4,791
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| Dow Jones (US) |
13,029
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+1.40%
|
13,297
|
10,404
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| Nikkei 225 |
9,561
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-0.80%
|
10,255
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8,136
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| FTSE Eurof 300 |
1,046
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+1.79%
|
1,162
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853
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Latest News
Spring 2012
L&G Inflation Protected Deposit Bond closes on
the 6th March 2012
Chancellor's Autumn 2011 Statement
- Eight million people under the age of 52 will
now have to work one year longer as the State Pension
age of 67 is brought forward.
- The basic State Pension is increased to £107.45
per week from April 2012.
- ISAs of £3,600 are now available for children
under the age of 16.
Enable Log-in for Clients
If you are already an MJB client
you should have received the latest edition of the
MJBrief - Issue 11 (see 'Newsletter' tab to download
Winter 2011 Issue) The lead article discussed
our the new Enable system following our change of
Network last autumn.
You may have noticed that client
Log-in is now available to clients who wish to use
them to view their investments with up-to-date valuations
and other documents.
If we do not currently use your email
address and you would like us to contact you by this
means in the future would you kindly send an email
to the office and we will place you on a list to receive
a user names and password enabling you to access the
Best Practice website from your home.
If you have any queries regarding
any of the above or any other financial matter, please
don't hesitate to telephone or email the office.
Individual Tax Rates for 2011
/ 2012
| Income Tax |
|
|
| Personal Allowance |
|
£7,475 |
| Personal Allowance age 65-75 |
|
£9,490 |
| Personal Allowance age 75+ |
|
£10,900 |
| Rates (on top of Allowances) |
|
|
| 10% rate (savings only and not to other taxable
income) |
up to |
£2,560 |
| 20% |
Basic rate up to |
£35,000 |
| 40% |
Higher rate |
£35,000 plus |
Corporation Tax |
|
|
| |
First £300,000 |
20% |
| |
Next £1.2m |
27.5% |
| |
over £1.5m |
26% |
Inheritance Tax |
|
|
| Standard Rate |
Up to £325,000
over £325,000 |
NIL
40% |
Capital Gains Tax |
Individuals |
|
| Allowance |
£10,100 |
0% |
| Income less than 35k |
over £10,100 |
18% |
| Income over 35k |
over £10,100 |
28% |
| ISA Allowances |
Cash ISA 50% of total allowance |
|
| |
£10,680 |
|
Pension Allowances |
Income tax relief on £3,600 or up to
taxable earnings |
|
| |
Annual Allowance |
£50,000 |
| |
Lifetime Allowance |
£1,800,000 |
Stamp Duty |
£125,001-£250,000 |
1% |
| |
£250,000-£500,000 |
3% |
| |
over £500,000 |
4% |
| |
over £1m |
5% |
| |
Up to £250,000 |
Relief for FTB only |
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MJB (Partnership)
Ltd
1a The Boardwalk, Northgate, Chichester, West Sussex, PO19 1AR
Tel: 01243 771777, Fax: 01243 774222
e-mail: office@mjbpartnership.co.uk
MJB (Partnership) Ltd is an appointed representative
of Best Practice IFA Group Ltd, Sussex House, North Street, Horsham,
West Sussex, RH12 1RQ, which is authorised and regulated by the Financial
Services Authority.
FSA registration number: 117931 - Registered in England No 3601349
The FSA do not regulate all products and services.
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