Latest News
June 2008Tax Relief On Pensions Boosted In an article in the FT, taxpayers who have suddenly found themselves in the 40 per cent income tax band as a result of the chancellor's "mini-Budget" are being urged to take a look at their pension contributions.
Wealthy Win Tax Benefit The FT reports that thousands of wealthy households are set to benefit from the chancellor's 10p tax compensation package while also retaining the "scrapped" 10 per cent tax band.
Children Forced to Rely on 'Grey Pound' for Start In Life We live in quite amazing times in the world of tax. Over a year ago, in Gordon Brown’s last Budget speech as Chancellor, the so-called ‘abolition’ of the 10% starting rate was announced. The government’s reason for this was, and still remains, the simplification of the tax system.
Fears Over Standard of Living In Retirement The Independent says that people nearing retirement are more concerned than ever about their financial security, according to a survey.
Thousands of Carers Face Losing Home to Pay IHT Bill When Loved One Dies The Observer reports that thousands of people in England and Wales could face having to sell their home to pay the inheritance tax bill when one of them dies.
Private Investors Move Money Offshore In The Times, it is reported that the offshore arms of British life insurers have been reporting a surge in business from UK investors, with figures from the Association of British Insurers showing sales of offshore investment bonds alone soaring 61% in three years to £7.9 billion in 2007.
Why Savings Interest Rates are Rising While the Base Rate Falls The Daily Telegraph asks why is it that the interest rates on savings are still widely available at about 7 per cent when the Bank of England base rate is only 5 per cent?
10% Tax Rate Climb Down We live in quite amazing times in the world of tax. Over a year ago, in Gordon Brown’s last Budget speech as Chancellor, the so-called ‘abolition’ of the 10% starting rate was announced. The government’s reason for this was, and still remains, the simplification of the tax system.
Drive to Help Women Boost their State Pension Women pensioners could boost their state pension or even be in line for a windfall payment under special terms.
Update Your Will The Law Society has warned that thousands of Wills could need updating as a result of rising care and nursing fees which force the elderly to sell their assets, in many instances their homes, to pay for care. The home is generally the largest asset left to loved ones. |
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The value of investments can fall as well as rise and past performance is not a guide to future performance.