Author: Sally Howell

MONEYMATTERS – Questions & Answers

Question I was made redundant from my job on 1 March 2016 and I received a termination package of £25,000. I was then re-employed by the same company on 1 November 2016, but was made redundant from that job too on 1 March 2017. I was paid a further redundancy payment of £10,000 when I left in March 2017. Does the £30,000 redundancy exemption apply to each payment I received? Answer I’m afraid not! Since your employer remained unchanged you are only entitled to one £30,000 exemption. The whole of the first payment of £25,000 is exempt, but only £5,000 of the second payment. You will be taxed on the remaining £5,000 in 2016/17. Reform of Landlord’s Taxation? The government’s plans to allow landlords to use the cash basis for tax purposes were confirmed in the 2017 Spring Budget, but although the proposed legislation was included in Finance Bill 2017, it did not appear in the much reduced Finance Act 2017, which received Royal Assent on 27 April 2017. It is likely that the proposals have been temporarily shelved, pending the outcome of the General Election, and are expected to reappear in a second Finance Bill later this year. If the provisions are subsequently enacted, they are expected to apply retrospectively from 6 April 2017, i.e. for the current tax year. Up to and including 2016-17, profits of a...

Read More

A2B Outdoor Hire

A2B outdoor hire is a family run business offering a personal, friendly service for your outdoor needs.  They have been going from strength to strength over the past 6 years and originally started out as a roof box hire company, having since expanded to now offer much more. You can find them at Botolph Bridge trading estate. Plus, they have recently open a second branch in Bradford. Hiring outdoor equipment is now a huge market, as people want to test before they buy. Their huge range of family tents to hire include various Vango Airbeam tents. These tents go up in a matter of minutes and have no fiddley poles; plus, all the tents have fully sewn in groundsheets for weather proofing.  If you fancy a soothing, warm soak in the Bubble Massage PureSpa, right in your back garden, surrounded by thousands of therapeutic bubbles after a long day, then A2B now have these available for sale and for hire with free delivery within 20 miles of Peterborough. A2B are official dealers of Thule, Polaris, and Pod Tents Ltd. Their fantastic range of Thule Strollers and buggies are also displayed in Calm a Baby, which is also at Botolph Bridge trading estate. These strollers are perfect for outdoor use and can be used when having a leisurely jog or for high impact off road sports.  There lightweight, aerodynamic frame,...

Read More

MONEYMATTERS – Saving for your first home

Your Lifetime ISA savings and the bonus can be used towards buying your first home, worth up to £450,000, without incurring a withdrawal charge. You must be buying your home with a mortgage. You must use a conveyancer or solicitor to act for you in the purchase, and the funds must be paid direct to them by your Lifetime ISA provider.  If you’re buying with another first-time buyer, and you each have a Lifetime ISA, you can both use your government bonus. You can also buy a house with someone who isn’t a first-time buyer but they will not be able to use their Lifetime ISA without incurring a withdrawal charge. Your Lifetime ISA must have been opened for at least 12 months before you can withdraw funds from it to buy your first home.   If you have a Help to Buy ISA, you can transfer those savings into your Lifetime ISA or you can continue to save into both – but you’ll only be able to use the government bonus from one to buy your first home. You can transfer the balance in your Help to Buy ISA into your Lifetime ISA at any time if the amount is not more than £4,000. In 2017/18 only, you can transfer the total balance of your Help to Buy ISA, as it stands on 5 April 2017, into your Lifetime...

Read More

The simple way to a lovely lawn

If your lawn is tired, full of weed and moss, then don’t worry, as help is on hand. Sisters, Sarah, and Jo, who run the award winning, Peterborough based, GreenThumb lawn care business, can soon get your lawn into great shape for summer. Here they answer some frequently asked questions. Is my lawn beyond repair? In most cases the answer is ‘no’ and even after our first visit, you’ll notice a huge difference! How do I start with GreenThumb? It’s simple, just contact us to arrange a free, no obligation, lawn analysis. We’ll do a thorough health check of...

Read More

Your thoughts about Yaxley

What’s the best thing about living in Yaxley? Are there enough things for you and your family to do?   Ben Pitt is the new Communities Officer for Hunts Forum, an organisation that supports voluntary and community organisations to help them set up, develop, and grow. He’s working in Yaxley this summer and wants to find out what local residents think of existing services, what they feel is missing and what can be done to fill the gaps. The best ideas always come from local people, which is why he wants to hear from you.  Voluntary organisations might include...

Read More

Latest Magazine

Yaxley Weather

This Yaxley weather forecast is generated by the Met Office Weather Widget

Follow Us

Recent Comments