Latest News
CNFP Strengthens Team – Welcome Callum
As part of the business growth plans, CN Financial Planning recently appointed Callum Coppard. Callum has joined CN following his graduation with a first degree in a CII endorsed course, Banking and Finance, from Manchester Metropolitan University in 2024. This course also emphasised Financial Planning, ...
CN Welcomes Marketing Manager to it’s Growing Business
CN Group welcomes Louise Lamaris to the team ahead of what is set to be another year of growth in 2025. Louise has progressed her career in marketing, working previously in the engineering sector, following her graduation from the University of Chester. Louise is managing ...
Check Your State Pension Entitlement
HMRC have developed an app that can help people prepare for their retirement. Individuals can use the app to check their State Pension Forecast, allowing them to: see their State Pension age; view their forecast State Pension amounts based on potential contributions; and view how ...
Potential Pension Changes in October Budget
Changes to pension tax relief seems to be top of the list of possible changes in the Budget and could yield more tax revenues than changes to CGT and IHT combined. As recently as 6 April 2023, we saw the abolition of the lifetime allowance ...
Should You Pass On Wealth to Avoid Inheritance Tax?
Many wealthy individuals are apparently passing on substantial amounts of their wealth in anticipation of possible changes to inheritance tax (IHT) in Labour’s first Budget on 30 October. This allegedly includes a number of high-profile individuals such as TV presenter Anne Robinson who confirmed that ...
Be Wary of the 60% Income Tax Trap
It has recently been reported over half a million taxpayers paid a marginal income tax rate of 60% in 2022/23, up by 23% from the number in 2021/22. This marginal rate applies where an individual’s adjusted net income falls between £100,000 and £125,140, where every ...
Should Directors/Shareholders Take Advantage of 2.25% Interest?
HMRC OFFICIAL RATE OF INTEREST REMAINS AT 2.25% HMRC have announced that the official rate of interest will remain at 2.25% for 2024/25, despite the Bank of England Base Rate currently standing at 5.25%. The official rate of interest is used to calculate the income ...
Investing In An Unquoted Trading Company
If you are considering lending money to, or subscribing for shares in, an unquoted trading company then, like many investments, there is always a risk that you may lose your money. However, there is potentially tax relief for the lender if the loan meets certain ...
Changes To Furnished Holiday Lettings From April 2025
As announced in the Spring Budget, the beneficial tax treatment of furnished holiday lettings (FHLs) will be abolished from 6 April 2025, when the business will start being taxed in the same way as other residential property businesses. Owners of properties that currently qualify as ...
March 2024 Budget Breakdown
On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a general election before 28 January 2025, this was a Budget designed to restore confidence and win voters. But on the heels of Britain ...
Jan 2023 – CNFP Strengthens Team with Multiple Senior Promotions
As part of the ongoing development of the firm, Clarke Nicklin Financial Planning have made some significant changes to the team. Christian Evans who has been managing the CNFP team for over 10 years has now moved into the role of Director for the business ...
Nov 2022 – Declare your state pension correctly
HMRC urges you to declare accurately every figure on your tax return, but the Department for Work and Pensions (DWP), which pays state retirement pensions, doesn’t make this easy. Payers of occupational pensions issue a P60 certificate every year to show exactly what amount of ...
