Our Update from Dubai
As part of our care and due diligence commitments, in January we accepted an invitation from Best International to visit the sites assigned to the Best Car Park and Alpha Business Bond investments for an update on the build progress. We are delighted to report that all developments are going to plan and car park spaces are being occupied. This is perhaps a little irrelevant to the owners of the car park spaces as a fixed 5 year return averaging 8.2% per annum is guaranteed whether the spaces are let or not. However it was reassuring to stand in the penthouse offices that are assigned as security to the Alpha Business bonds: the suites are complete, fully furnished,and have a stunning view over the Business Bay area. For information on Best International's Dubai investments please contact us on enquiries@slric.com.
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New Opportunity: Health & Well-being
We have uncovered a very different type of investment opportunity in the health and well-being sector. If you like the idea of a secondary income in return for an initial outlay of only £200 and your time, then this may be just right for you. There is no risk and you have the opportunity to create your own business on a scale to fit around your existing commitments. Projected income will vary depending on the amount of time you would like to invest, however within 12 months it would be reasonable to anticipate earning around £1200 on a monthly basis. If you would like more information, simply contact us at enquiries@slric.com for details on a truly healthy investment.
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Tax Threat for Pension Pots
This is Money recently reported on tax changes that will affect thousands of employees who may be unaware that their pension funds could be hit hard by tax charges coming in to force this April.
They say "The extra tax applies if a pension pot amassed over someone's working life exceeds a certain level. Currently this level, known as the 'lifetime allowance', is set at £1.5million.If a pension pot is below this figure at the time you retire you will be able to take your benefits in the normal way, with a tax-free lump sum - typically 25 per cent - and then an income that is taxed according to whether you are a basic or higher-rate taxpayer.
But if your pot is more than £1.5million you face a punishing tax charge of 55 per cent on any excess. From the start of the new tax year in April, the lifetime allowance reduces to £1.25million. The move is aimed at cutting the Government's expenditure on pension tax relief, which is running at £35billion a year. And although Revenue & Customs says the reduction will initially affect only 30,000 individuals, this will grow to 360,000 by 2030."
For more information and steps to avoid being caught out, read the full article here.
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