April 2024 Upgrade

Budget Changes

Changes in line with the new 2024/25 fiscal year have been implemented including:

• Standard Personal Allowance remains at £12,570
• Basic, Higher & Additional rates remain at 20%, 40% & 45%
• Basic Rate Tax Band remains at £37,700
• Additional Rate remains starting at £125,140
• NI Employee's Basic Rate reduced to 8% & Higher Rate remains at 2%
• NI Employer's Rate remains at 13.8%
• NI Primary Threshold remains at £12,570
• Dividend Allowance now £500 (was £1,000)
• Dividend Basic, Higher & Additional rates remain at 8.75%, 33.75% & 39.35%
• Capital Gains Tax Allowance now £3,000 (was £6,000)
• Junior ISA Maximum remains at £9,000
• Lifetime Allowance (LTA) abolished
• New Lump Sum Allowance (LSA) £268,275
• New Lump Sum & Death Benefit Allowance (LSDBA) £1,073,100
• IHT Nil Rate Band remains at £325,000
• Residence IHT Nil Rate Band remains at £175,000

New Estate & IHT Review Section

Brand new section valuing client's estate with potential IHT mitigation strategies and illustrative IHT calculations.

Cashflow Modelling

Cashflow Modelling plus more than 20 financial calculators are now half-price at just £30+VAT per user per month for our existing Suitability customers - contact us to arrange a one-to-one demo.

Iress XPlan and Intelliflo Office Integrations

Import details of Clients, Incomes, Spending, Investments, Assets, Loans & Protection and get latest valuations.

Base Investment & Pension Recommendations & Reviews on existing plans.

Let us know if you wish to use either integration - they're free of any charges.

Coming Soon...

More features and updates will be added in coming months.

Previous Upgrade

For details of the last upgrade click here