Last Friday PK Group celebrated a huge milestone of 20 years! Speaking at the occasion, CEO Patrick Kennedy said: “A warm welcome to you all and thank you for joining in today’s celebrations. 20 years ago a few of us, including many present here this evening, joined forces with a common vision of providing...
With continuing inflation in the UK, many of us and our businesses have been put “off track” in the short to medium term. The Bank of England recently increased interest rates by a quarter of a percentage point to 5.25 per cent. The rise was as expected by economists in view of the latest...
The latest Finance Act includes two changes that will affect all R&D claims: (1) a requirement to provide additional information before an R&D claim is made; and (2) a requirement for certain companies to make a claim notification within six months after the end of the accounting period for which they want to claim...
With all of the changes to personal pensions in the Spring Budget, maximising the State Pension entitlement should not be overlooked. The full rate of new State Pension increased to £203.85 per week (£10,600 pa) from 6 April 2023; a 10.1% increase over the 2022/23 rate as a result of the “triple lock” being...
The deadline for reporting shares and securities and share options issued to employees for 2022/23 is 6 July 2023. This is the same as the deadline for reporting expenses and benefits provided to employees on form P11d for 2022/23. Employers must submit their employment related securities annual returns online and attach the appropriate spreadsheet...
PK Wealth have been shortlisted for the 2023 Investment Week Awards, under the Proposition Development category. Thank you to all involved in the application process. You can find the shortlists here: https://www.investmentweek.co.uk/news/4112686/investment-reveals-shortlist-investment-marketing-innovation-awards-2023
The last quarter saw a high level of market volatility due to significant fluctuations in interest rate expectations. Early in the quarter, most markets rallied on hopes that inflation would quickly fall, allowing the US Federal Reserve and other central banks to pause or even reduce interest rates. Expectations of lower interest rates were...
The past two weeks have seen news flow dominated by banks on both sides of the Atlantic, which has caused both investors and depositors a sense of anxiety not experienced since the global financial crisis in 2008. On the 10th March, Silicon Valley Bank (SVB) announced it could not meet customer withdrawal demands which...
Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast a stronger than expected performance from the UK economy this year with inflation continuing to fall. Click here to view the full report. Please don’t hesitate to get in touch should you have any questions. You can contact us...
UK resident Individuals selling UK residential property at a gain, where the gain is not fully covered by private residence relief, need to submit a capital gains tax on property disposal (CGT PPD) return within 60 days of completion whereas non-resident individuals need to submit this return regardless of whether the property is sold...