Three financial lessons from the Covid-19 pandemic
Three important financial lessons from the Covid-19 pandemic.
UK
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.
Inheritance tax receipts double in a decade
New data from HMRC reveals the Treasury’s IHT receipts have doubled since 2012/13, the result of a frozen nil rate band and surging inflation. Is IHT a concern for you?
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.
Catching up on your state pension
The deadline to boost to your state pension ends on 5 April 2023. If you think you could benefit, the time to act is now.
Cash is not what it used to be
As the Bank of England withdraws the old £20 and £50 paper notes on 30 September, more and more people are using cards as their primary payment method.
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.
No time to waste: minimum pension contributions must rise
A new report from the ABI is sending a clear message to employers, employees and the self-employed – a significant increase in the minimum contributions to workplace pensions is required.
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.