FROM THE PAPERS

Synopsis: Short summaries of articles we think you will find useful from some of the weekends broadsheets. At the end of each summary is a link to take you directly to the relevant article. Please see Helpful Hints at the end of the bulletin.

ARTICLES

FINANCIAL TIMES

Financial Times:” Summer Budget grants new powers to Revenue”. The taxman’s powers have been quietly beefed up in the Summer Budget with measures to reduce the amount that goes uncollected and undetected. Click here to go directly to the article

Financial Times:” George Osborne pensions raid threatens insurers”. Standard Life has moved to reassure investors concerned about a hit to its retirement business after George Osborne launched a raid on pensions tax relief for high earners.

Click here to go directly to the article

Financial Times:” True blue Summer Budget has far-reaching implications”. George Osborne’s first true-blue Conservative Budget ranged widely over the fiscal playing field with measures in infrastructure, banking and public spending.

But arguably his most radical moves were in the sphere of personal finance: his reforms will have far-reaching implications for investors, property owners and pensioners.

Click here to go directly to the article

Financial Times:” Clampdown on footloose non-doms cautioned”. George Osborne’s moves to tighten the regime for wealthy foreign tax residents living in the UK could force many to relocate, tax professionals have warned. Click here to go directly to the article

THE TIMES

The Times: “Beware the new pension trap”. Tax relief cut will catch those who earn far less than £150,000 a year Click here to go directly to the article

The Times: “Winners and losers in new dividend tax”. A £5,000 tax-free allowance is great news — but there’s a sting in the tail Click here to go directly to the article

The Times: “Tax relief on rented rooms a boost for beleaguered parents”. PARENTS will be able to make £144 a week tax-free by charging their grown-up children rent for living at home, as the chancellor at last boosts the meagre ‘rent-a-room’ threshold. Click here to go directly to the article

The Times:” How the budget will affect you”. You can also go online for our easy budget calculator Click here to go directly to the article

The Times: “NS&I: secure savings and exciting too”. Security is paramount for savers who want to make sure their hard-earned cash is in safe hands, but there has been growing concern following the announcement last week that less of their money will be protected by law if a bank or building society goes bust. Click here to go directly to the article

The Times:” Prepare for the new Isa – the Ifi”. Stand by for a new investment that will be called . . . the Ifi. Yes, that’s right, the Ifi — or Innovative Finance Isa, if you give it its full name, which sounds a bit less dodgy. This new style Isa will be launched in April to allow peer-to-peer investments to be sheltered from tax. Click here to go directly to the article

The Times: “How the budget changes affect landlords”. Controversial cuts to tax relief on buy-to-let loans announced in the budget may already have investors worried, but even more restrictions could be introduced if the Bank of England wins the right to regulate the buy-to-let sector later this year. Click here to go directly to the article

The Times: “Squeezed middle benefits but rich pay more”. Changes to income tax in Wednesday’s budget brought forward the Tory timetable for a significantly raised personal allowance and higher-rate tax threshold, leaving millions of people better off. Click here to go directly to the article

The Times: “IHT windfall won’t arrive any time soon”. The response of many people in £1 million family homes watching the chancellor announce his reform of death duties in Wednesday’s budget will undoubtedly have been ‘About time!’ Click here to go directly to the article

The Times: “Wealthy feel pain of dividend clampdown”. There was good and bad news for share investors in the summer budget. The good news is that George Osborne is simplifying the taxation of dividends and giving all investors a new tax-free allowance of £5,000 a year which they can set against their dividend income. Click here to go directly to the article

The Times: “Honey, Osborne’s shrunk our pension”. There was plenty for pension savers to digest in George Osborne’s summer Budget. One of the proposed changes – the restriction of pensions tax relief for high earners – had been widely trailed before the announcement. Click here to go directly to the article

THE TELEGRAPH

The Telegraph:” The scenarios where you COULD still pay inheritance tax”. Our calculations show that the effects of inflation and investment growth could push many estates over the £1m threshold

Click here to go directly to the article

The Telegraph:” This is how investors will beat the latest buy-to-let crackdown”. There is a way around the restrictions on mortgage tax relief announced in this week’s Budget

Click here to go directly to the article

The Telegraph: “Buy-to-let with your pension? Four tax traps”. Many pension savers will be tempted to use the new freedoms to invest in property. We investigate the risks

Click here to go directly to the article

The Telegraph: “Welcome to Britain’s new world of ‘buy-two-get-one free’ pension saving”. The hugely generous tax breaks of the last nine years have made me obsessed with pension saving. That’s all about to change and this is what the new system will look like,

Click here to go directly to the article

HELPFUL HINTS

1. LINKS TO ARTICLES:

We have now provided direct links to the articles referred to in the article. These can be accessed by click on the “To go directly to the article click here” at the end of each article summary

2. REQUIREMENT TO SUBSCRIBE TO SITES:

As some Opus Gold users will be aware, many of the broadsheet newspapers that are traditionally covered in our From the Papers bulletin, are changing (or have changed) their free online access to articles.

Currently the Financial Times and Weekend Financial Times only allows access to view 8 articles a month free, then requiring the user to subscribe to their online service. From 1 July 2010 The Times, Saturday Times and Sunday Times articles are no longer available for free online. Instead a daily or monthly fee will have to be paid to access the articles.

We are aware of the inconvenience this will cause to our users. Unfortunately, due to the stringent copyright rules enforced by the newspapers we are not allowed to copy the articles onto our bulletin to make them available to Opus Gold users, thus our only option is to put a direct link to the article on the newspapers own website.

Although we will continue to produce From the Papers bulletins linking to these articles, users should be aware that access to many will now be blocked unless a personal subscription to the newspapers site is taken.

Once again we apologise for this inconvenience but this is something outside of our control.

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