As wealth managers begin to evaluate Section 530A Trump Accounts, much of the early discussion has focused on the mechanics: how accounts will be opened, who will custody them, what investments will qualify, how contributions will be administered, and what happens when the account converts at age 18. Those questions matter, but they miss the
There is a “clear contrast” between the UK’s established wealth management sector and a challenging macroeconomic environment. The first Avaloq Wealth Management Index identifies this as the “primary constraint” on the UK’s overall competitiveness. The index compares wealth management across 15 markets based on more than 60 indicators. Given a one to 100 score, the
You may need to contact HMRC about the issue You may need to contact HMRC about a tax bill(Image: Getty) HMRC has clarified the rules around a £10,000 limit that applies to some taxpayers. A customer asked for help after receiving a message from their bank. The customer asked how to report dividend income from
Historically, Westminster has been more reliant on government funding because of its low tax take. But the Government has stripped back its funding over the next four years from £219m to £119m. Combined with an expected rise in costs, demand for services and inflation, the council believes it will be left with a £160m shortfall
Retirement properties can be difficult to sell (Image: Getty) Buying a retirement flat can offer security, independence and a ready-made community. But as part of the Daily Express’s Stop the Retirement Flat Trap campaign, we have spoken to families left in desperate situations after inheriting retirement flats they have struggled to sell for years. With
New figures from HMRC show 30,440 people reported breaching their pension annual allowance during the 2024/25 tax year, up from 24,950 a year earlier – a jump of 22%. The total amount contributed above the limit also soared from £505 million to £672 million, an increase of 33% in just 12 months. The figures are
A hedge fund is a set of pooled investments, collected from a number of underlying investors – either wealthy individuals or institutional investors such as pension funds, insurance companies or sovereign wealth funds. In this sense, they’re like many other investment funds. They invest in a range of different assets, from stocks and bonds to
HMRC introduced the rules in April to collect more data on business owners as part of its mission to close the tax gap. Small businesses account for 62pc of the UK’s £59.2bn in uncollected tax. But the ATT said HMRC’s published guidance on the rules could cause confusion for business owners. In its notes accompanying
KUALA LUMPUR: Hong Leong Bank Bhd (HLB) has won six regional and international wealth management awards as it accelerates its wealth management transformation strategy. In a statement, the bank said HLB Private Bank was named Best Private Bank/Wealth Manager in Malaysia and Singapore at the WealthBriefingAsia Awards, while HLB Priority won Best Bank/Wealth Manager for
A compromise between Todd Blanche and two Republican senators that potentially cleared the way for Blanche’s confirmation as attorney general is weak, Democrats and several experts said, as it makes promises Donald Trump can easily reverse. Blanche, the acting attorney general, posted two documents on Sunday evening showing he was withdrawing an 18 May order