HMRC drive to make tax digital

In the 2015 budget, the Chancellor announced, “the end of the tax return”! Further announcements set out a timetable for digitalising income tax, Corporation Tax and VAT returns. Following consultation, the implementation for income tax and corporation tax...

NS&I interest rate rise

NS&I last week announced an increase to the interest rate on its Income Bonds, with the rise coming into effect on the same day. Previously standing at 0.01 percent gross/AER, Income Bonds will rise by 0.14% It means that, as of Thursday November 18, NS&I...

How to beat inflation

For the past decade, some commentators have said that a way of beating inflation is to put your money in an equity income investment trust. They may not offer shoot the lights out performance, but investment trusts dedicated to dividends have provided a comfortable...

What to do with your Junior ISA

This week marks the 10 year anniversary of the Junior ISA, which may lead some parents to reflect on whether the tax free savings account has led to some meaningful returns. Three fifths of Junior ISAs are held in cash, according to research by F&C Investment...

How to legally cut your IHT bill

Inheritance Tax is a tax on the property, money and possessions of someone who’s died and, after the Chancellor froze the threshold at which people pay it in his 2021 Spring Budget, concerns were growing that he was getting ready to make further changes to pay for the...

How to calculate your ‘personal inflation rate’

If you read the headlines, you’ve probably seen a lot of people fret that inflation is a big problem for the U.K economy right now. But will it actually end up being a big problem for you? The truth is it all depends on what you spend your money on. The official...