Tricky teens: inflation set to soar beyond 13%
With projections that inflation could reach 13% and beyond into 2023, many people may be tempted to raid investments and access early retirement benefits to make ends meet.
tax
Is your interest getting too interesting?
As interest rates rise, the number of people who must pay tax on some interest is set to increase. Could you be one of those new interest taxpayers?
Capital gains simplification on the cards for divorce settlements
From 6 April 2023, new legislation is set to simplify tax on divorce with a proposed three-year increase to the CGT-free period after the tax year of separation.
Five decades of tax rises ahead
The government’s budget watchdog, the Office for Budget Responsibility, says more tax rises are not only on the way but are expected for the next 50 years.
Setting new taxpayer records
New data from HMRC reveals there are now a record number of people paying higher or additional rate tax in the UK – 6.1 million.
Buy-to-let tax changes bite with rising interest rates
Changes to buy-to-let tax rules that took effect in the 2020/21 tax year could soon inflict financial pain on investors as interest rates rise.
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 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.
Prepare for the new tax year
Now is the time to start planning ahead for the 2021/22 tax year.
Company cars – rolling downhill?
The traditional popularity of the company car perk wanes with 30,000 fewer vehicles on UK roads.