Triple Lock shifts to Double Lock in 2022
The DWP has revealed that the Triple Lock will not apply next April, leaving a funding gap worth up to £9.35 a week. So how will the new Double Lock affect you?
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Company cars: heading downhill fast?
Recent data suggests the popularity of the company car continues to fall, but tax cuts on zero-emission cars have prompted renewed interest. Despite the proposed perks, be sure to check that you’ll be better off.
The pension annual allowance trap
HMRC figures show that the pension annual allowance continues to help fill its depleted coffers but to the detriment of the taxpayer. How are your contribution levels looking?
Placing a cost on retirement
New research has put a post-pandemic price on the amount of income needed for retirement. What standard of living could you have?
The Autumn Budget – taxed and spent
The first Autumn Budget in three years – and the Chancellor’s third in less than 20 months – featured no significant increases in tax, but it’s never too early to start thinking about your year-end tax planning.
Reconsidering your pension contributions
Increases to NICs from next April may disadvantage employees who make direct contributions to their pension pot, with salary sacrifice becoming a more attractive option.
Are you holding too much cash?
The regulator has warned cash savers that they face the risk of wealth erosion due to inflation. Are you holding too much cash?
Are your young adults missing out on their Child Trust Fund?
HMRC urges parents of teenagers to check for hidden cash in forgotten Child Trust Funds. Does that include you?
The September mini-Budget
The government has revealed its long-awaited plans to reform England’s funding of social care, but taxpayers will foot the bill. What implications will it have on your financial planning?
Paying for England’s social care reforms
The government’s reform to England’s funding of social care will take effect in 2023, but many home care residents will be excluded from its benefits.