Sep 30, 2021 | Newsletter
Experts are warning that small businesses could see significant changes to the way they are taxed following the launch of a consultation by the Government, which may result in some facing higher tax bills than expected. The proposed Basis Period Reform, HMRC claims,...
Sep 30, 2021 | Newsletter
The Financial Conduct Authority (FCA) is bringing an end to the practice of car and home insurers charging loyal customers more than new customers. ‘Price walking’ – commonly known as the ‘loyalty penalty’ – is a pricing practice where existing customers are...
Sep 28, 2021 | Newsletter
Downing Street has given its strongest signal yet that the pensions triple lock will be watered down because of the recent surge in average earnings, which under current rules would deliver a rise of more than 8% for pensioners next year. Boris Johnson’s spokesperson...
Sep 26, 2021 | Newsletter
The pandemic has increased the gender pensions gap to almost £200,000, according to a new study. Research carried out by the Centre for Economics and Business Research found women are missing out on £183,936 compared to the amount men receive from their pension. This...
Sep 24, 2021 | Newsletter
Income investors that bought investment trusts to weather the worst of the pandemic cuts suffered a drop in pay-outs in the first half of 2021, according to the latest Link Investment Trust Dividend Snapshot. The report, which studies equity investment trusts only,...
Sep 22, 2021 | Newsletter
HMRC confirmed this week that IHT receipts for April 2021 to July 2021 were £2.1 billion. The Government also confirmed higher receipts over the last year or so are expected to be higher due to the impact of coronavirus, although this cannot be verified until full...
Sep 20, 2021 | Newsletter
HMRC has an Offshore, Corporate and Wealthy (OCW) Unit which, according to the Government’s latest figures, has convictions totalling 67 years of prison time for tax evaders last year. This is nearly triple the total of just 23 years secured a year earlier,...
Sep 18, 2021 | Newsletter
Around 10,500 people shared their pension as part of divorce settlements in 2020, research shows. This said that the recent boom in equities has made pensions a highly desirable asset in divorces. With the value of pensions increasing, they have become an increasingly...
Sep 16, 2021 | Newsletter
UK house price growth has dropped to its slowest pace in fourth months, new data shows, as the end of the temporary stamp duty holiday ended a boom in the property market. Halifax said on Friday that annual house price growth in the UK slowed to 7.6% in July, down...
Sep 14, 2021 | Newsletter
The Bank of England opted Thursday to keep its main interest rate at the record low of 0.1% as it painted a fairly rosy picture about the near-term prospects for the British economy following the lifting of lockdown restrictions in the wake of the rapid rollout of...
