2019 begins!

01 January 2019

First of all, the team at Chapters Financial wishes you and your family a happy and prosperous 2019!

There are changes ahead for all when we consider financial planning, starting with of course the end of the tax year 2018/2019 at the start of April 2019 and the beginning of the new tax year 2019/2020 from 06 April 2019.

As we have detailed in our past Chapters Financial blogs from 2018, we also have notable changes in:

  • Auto-enrolment / workplace pension contribution levels for employers and employees from the new tax year 2019/2020
  • Increases in the personal allowance to £12,500 gross from April 2019
  • Continuing increase to the Residence Nil Rate Band for inheritance tax purposes.
  • Continued reduction in buy-to-let mortgage interest tax relief.
  • Increase in Junior ISA / Child Trust Fund subscription limit to £4,368 (adult ISA subscription limit remains unchanged at £20,000 in the new tax year)

This is not an exhaustive financial planning list but provides a flavour of what might need to be considered as we approach the spring, the end of the current tax year, and the beginning of the next tax year.

2018 was a year of volatility and we anticipate that this will continue in 2019, although this is not guaranteed. We are advocates of reviewing existing financial plans for individuals and businesses alike on a regular basis and we look forward to working with our clients, enquirers and professional connections into this New Year.

No individual advice is provided during the course of this blog.

Keith Churchouse FPFS


CFP Chartered FCSI

Chartered Financial Planner

Chapters Financial Limited is authorised and regulated by the Financial Conduct Authority, number 402899.