Top up your pension before end of tax year

Many people concerned about the inflation threat to their savings will be considering whether to put any spare money in an investment rather than a cash ISA in the current tax year. Consumer prices rose 5.5% in January, and previous expectations that the rate would...

House prices hit record high but slowdown looms

The average price of a home rose by 9.7% compared with a year earlier, gaining £24,500 to £276,759. However, monthly growth rose by 0.3%, down from 1.1% in December and the smallest monthly rate of increase since June 2021. Commentators expect the housing market to...

Stamp duty receipts hit new high

The stamp duty holiday has led to a significant fall in the number of people paying this tax over the last quarter, according to the latest HMRC figures. HMRC figures shows the number of property transactions subject to stamp duty land tax (SDLT) were 10% lower in Q4...

Council tax rebate

The majority of households in England are set to benefit from a one-off council tax rebate of £150 from April 2022. 80% of homes will be eligible for the extra money. Every homeowner with a property graded in bands A to D can receive the rebate. This will not need to...

FCA switches focus

In December 2021, the United Kingdom’s Financial Conduct Authority (FCA) issued a consultation paper publishing a revised proposed new Consumer Duty that would govern FCA-regulated firms’ interactions with retail clients. According to the FCA, the Consumer Duty would...