MJB Coronavirus (Covid-19) Update

Further to our update on the 13th March, we have made the decision not to hold normal face-to-face appointments in the office.

We are, however, still open and staff that are NOT in a ‘high risk category’ are still intending to come to work unless Government restrictions prevent us from doing so.

Your adviser may be able to visit you at your own home, but that will be at your adviser’s discretion.

As things stand at the moment, if you are unable to receive documents via email, print, sign and return them by post, then you can pop into the office briefly for this purpose.

However, if at all possible, contact via phone, email or face-time is preferred for everyone’s benefit.

We are implementing a strict hand washing policy before entering the premises for your/our protection.

Best wishes to you,

All the staff at MJB

Budget Headlines – Spring 2020

  • Budget Day started with an announcement by the Bank of England that the base interest rate will reduce from 0.75% to 0.25%.
  • Income Tax allowances and thresholds remain unchanged.
  • The ISA allowance remains at £20,000 but the Junior ISA contribution limit rises to £9,000.
  • Pension Annual Allowance remains at £40,000 but tapering does not begin until threshold incomes are above £200,000.
  • The National Insurance primary threshold limit rises to £9,500.
  • The CGT annual exemption rises to £12,300.
  • There is a reduction in the allowance for entrepreneur’s relief from £10 million to £1 million.
  • Fuel duty and duty on alcoholic drinks has been frozen.
  • Changes to sick pay were introduced designed to help those with Coronavirus (COVID-19) or symptoms that keep them off work.
  • Business Rates have been removed for the next financial year for the majority of small businesses.

For further details please click on the following link to: Technical Connections Budget Analysis – Spring 2020

MJB Coronavirus (COVID-19) Update

The office is currently running as normal with no changes to opening hours.  However, we have the ability to work remotely as part of our client records are ‘cloud based’.  If necessary, or if you would prefer, we can conduct reviews with you on a non-face-to-face basis.

We are sure that most people are aware that Coronavirus fears have caused a fairly large fall in the global stock markets.  This will have affected most investment and pension funds.

Previous falls of this scale have usually been followed by market recoveries and we hope that we will see a similar outcome on this occasion.  It usually pays for investors to hold their nerve, wait for longer term returns and not partake in panic selling.

Please note, this is not a recommendation and does not constitute financial advice.
The value of investments may fall as well as rise and you may not get back the amount invested.

Budget Headlines – 2018

  • Pension Tax relief is unchanged following this budget.
  • The Pension Annual Allowance is unaffected and will remain at £40,000.
  • The main ISA and Lifetime ISA allowances are unaffected, however the Junior ISA allowance will increase from £4,260 to £4,368 in April 2019.
  • Personal tax allowance threshold to be increased from £11,850 to £12,500 from April 2019 with an increase from £46,350 to £50,000 for the higher rate tax threshold.
  • Capital Gains Tax annual exemption is to increase from £11,700 to £12,000 in April 2019.
  • The ‘end of austerity‘ – The forecast for UK growth has been downgraded to 1.3% in 2018 and raised to 1.6% in 2019.
  • Fuel duty and Beer duty will be frozen, however, the cost of cigarettes and wine will increase.
  • £500 million extra funds will be put towards Brexit, with the possibility of a full Budget next Spring.
  • The NHS will receive £20 billion extra funding over the next five years, with £2 billion allocated to mental health.
  • Business rates relief for small businesses to the sum of £900 million.
  • Schools to receive extra £400 million to buy “the little extras they need”.

Last Week in the Markets

 14 - 18 June 2021
Index Close Week’s Change 52 - Wk High 52 - Wk Low
 7,017 -1.63% 7,218 5,526
Dow Jones


-3.43% 35,092 24,971


-0.65% 30,715 21,720
DAX  15,448 -1.85% 15,803 11,450

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