Topic filter : Allowance

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.... This is slightly less than the £30m McCall earned from starting at easyJet in 2010 to the end of the airline’s financial year in September. The broadcaster is paying McCall a base salary of £900,000, £41,000 less than Crozier, and her pension allowance has been reduced to 15% of her salary compared with her predecessor’s 25%. ... [Read full article on Guardian ]
Monday 17th of July 2017 06:15:51 AM
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....Unite believes the extended action will soon leave BA unable to fill holes in rosters as non-striking crew – including some drafted in from other departments – reach a legal maximum on flying hours. The dispute started over pay for cabin crew, which starts at £12,100 in basic salary, but is pushed above £21,000 with bonuses and allowances, according to BA – a figure disputed by Unite, which says many crew members make around £16,000. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 05:25:45 PM
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....Mr Selby indicated there were currently two thoughts on how the pensions issue could be addressed. One could be to allow people to access the pensions system earlier but with reduced payments, where someone who wanted to retire earlier would get less but over a longer period of time, which would equate to the figure of someone retiring later but taking the full allowance. ... [Read full article on Daily Express ]
Thursday 20th of July 2017 01:40:00 PM
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Latest Finance News related to Allowance

Jeremy Corbyn could rip away YOUR state pension: Labour set to 'means-test' key benefit image
....Mr Selby indicated there were currently two thoughts on how the pensions issue could be addressed. One could be to allow people to access the pensions system earlier but with reduced payments, where someone who wanted to retire earlier would get less but over a longer period of time, which would equate to the figure of someone retiring later but taking the full allowance. ...
British Airways cabin crew extend strike into August holiday peak image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:25:45 PM
....Unite believes the extended action will soon leave BA unable to fill holes in rosters as non-striking crew – including some drafted in from other departments – reach a legal maximum on flying hours. The dispute started over pay for cabin crew, which starts at £12,100 in basic salary, but is pushed above £21,000 with bonuses and allowances, according to BA – a figure disputed by Unite, which says many crew members make around £16,000. ...
Carolyn McCall to become ITV chief executive image
Source : Guardian [Read Article] Monday 17th of July 2017 06:15:51 AM
.... This is slightly less than the £30m McCall earned from starting at easyJet in 2010 to the end of the airline’s financial year in September. The broadcaster is paying McCall a base salary of £900,000, £41,000 less than Crozier, and her pension allowance has been reduced to 15% of her salary compared with her predecessor’s 25%. ...
British Airways cabin crew strikers prepared for long haul image
Source : Guardian [Read Article] Saturday 15th of July 2017 03:00:09 PM
.... The union says £16,000-17,000 is a typical figure, and crew at the Westminster rally agree: one, now a customer service manager earning £27,000, says they had worked for five years before promotion “and every P60 says I’ve earned under £20k”. Long-haul stopovers have lost their allure for many, with allowances that do not cover the cost of the cheapest meal in most airport hotels abroad where staff stay – even before the value of the pound tumbled. ...
Pension changes: Anger as workers hit with 'OUTRAGEOUS' tax hikes  image
Source : Daily Express [Read Article] Thursday 13th of July 2017 03:42:00 PM
. Workers could be hit with stinging tax bills after changes to saving allowances, which are to be applied from April 6 2017. ...
Recruitment advisers' tax scheme liquidated after HMRC asks questions image
....The structure was used to justify registering thousands of tiny companies for the flat-rate VAT scheme, which allows very small firms to charge VAT at 20%, but pay it back to the exchequer at about half that rate. It also created thousands more companies from which to claim the government’s £3,000 employment allowance, a jobs subsidy that is only claimable once a year by a single firm. ...
Risk of poverty in UK greater when father is sole breadwinner, finds IFS image
.... “Income inequality is now at its lowest level since the mid-1980s and our reforms to the tax system mean hardworking people are keeping more of what they earn. “Increases to the personal allowance have taken millions out of income tax altogether and reduced tax bills for some of the lowest earners by £1,000 a year. ...
Ending austerity means increasing taxes or deficit, warns thinktank image
Source : Guardian [Read Article] Saturday 8th of July 2017 07:00:02 AM
.... Allowing working age benefits to rise in line with inflation from next April would cost £3. 6bn by 2021-22, while reversing the cuts to work allowances in universal credit would cost around £3. ...
Gig economy: there's an easy way to end abusive working conditions image
Source : Guardian [Read Article] Thursday 6th of July 2017 09:00:07 PM
.... Given how much Gobbetti is being paid – up to £7. 3m-a-year, including an £80,000 allowance for clothing, a car and travel – you’d hope he’d be loyal to the brand naturally when he needs a new mac. ...
BA cabin crew to stage new 14-day strike image
Source : BBC [Read Article] Wednesday 5th of July 2017 05:27:57 PM
....They fly only out of Heathrow, and on both short-haul and long-haul routes, but not in the same planes as colleagues on the legacy conditions of employment. Unite estimates that, on average, mixed-fleet cabin crew earn £16,000 a year, including allowances. ...
Hinkley Point C: the government should start planning alternatives | Nils Pratley image
.... The additional costs relate to mundane matters, such as “a better understanding” of UK regulators’ requirements and “the volume and sequencing of work on site”. These are planning areas in which EDF would surely have made allowances for uncertainties. ...
Extra £1bn for Northern Ireland will barely dent public finances image
Source : Guardian [Read Article] Tuesday 27th of June 2017 05:04:26 PM
....”. But the demand by the Democratic Unionist party that Theresa May rescue the triple lock on pensions and the winter fuel allowance from Philip Hammond’s chopping board gives the chancellor a bigger headache. ...
Car finance: Is it time to go down the PCP and HP road? image
Source : Daily Express [Read Article] Sunday 25th of June 2017 01:27:00 PM
....". Another concern is that there are charges for exceeding your mileage allowance, which can be up to 10p a mile. ...
Philip Hammond hints government will ease up on austerity image
Source : Guardian [Read Article] Sunday 18th of June 2017 09:51:43 AM
....”. Pressed on whether the government would have to change direction, particularly if it did a deal with the DUP, which is opposed to cuts to the winter fuel allowance and the end of the triple lock on pensions, he replied: “We will look at all these things. ...
 Five minute guide to making mobile calls in the UK image
Source : Daily Express [Read Article] Sunday 18th of June 2017 12:01:00 AM
....” . Maundrell says the new “roam like at home” rules mean you can now use the minutes, texts and data on your contract as normal: “You will still be charged for anything you use over your contract allowance, so watch your usage. ...
Philip Hammond under pressure to spend to lure voters back to Tories image
Source : Guardian [Read Article] Saturday 17th of June 2017 03:00:41 PM
....But Torsten Bell, director of the Resolution Foundation, said it was clear that Hammond took a different view and was unreceptive to the idea of permitting a big increase in the deficit. Bell said one way to pay for spending increases would be to delay some of the more expensive proposed tax cuts – raising the personal allowance, increasing the upper rate threshold and reducing corporation tax – that the government has lined up for the current parliament. ...
BA cabin crew call two-week strike in July over pay dispute image
Source : Guardian [Read Article] Friday 16th of June 2017 01:51:16 PM
.... However, a number of flights have been cancelled, and the airline has also chartered or “wet leased” planes and crew from other airlines such as Titan and Thomson Airways to continue operating services. Pay at the fleet starts at a basic rate of just over £12,000, although the airline says that with flying pay and allowances most crew earn more than £21,000. ...
Taxman has his sights on Bank of Mum and Dad as complex rules increase  image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 08:15:00 AM
....Adrian Lowcock, investment director at wealth managers Architas, said that everyone can give away up to £3,000 a year without any IHT charge. “You can also use any unused allowance from the year before, which means that you could give away £6,000 in total this year totally free of IHT. ...
Pensions triple lock: What is the triple lock and will Theresa May get rid of it? image
....DUP deputy leader Nigel Dodds last month said that the party will “oppose plans to break the pensions triple lock and to means test present universal benefits for pensioners”. Labour promised to protect pensions during its campaign, with Jeremy Corbyn saying: “Labour will legislate to guarantee the triple lock on state pensions over the next parliament, and we’ll protect the winter fuel allowance and free bus passes. ...
While Corbyn inspired the young, May was terrifying the old image
Source : Guardian [Read Article] Sunday 11th of June 2017 06:00:47 AM
.... But the young must stay vigilant: another lesson of the campaign was that there are vast numbers of older voters who still demand that the government fund their retirements with universal benefits. It was a disaster for May when the Tory manifesto threatened a tax on social care that became the “dementia tax” and a vague commitment to means-test the winter fuel allowance. ...
Election 2017: Hung parliament WORST possible outcome for pensions, say experts image
....“The MPAA reduction is particularly problematic because the Government said it would apply from 6 April 2017 but never actually put this into law. "We therefore need urgent clarity on whether this will be applied retrospectively – this would be particularly harsh given many savers will have had no idea the new allowance had been announced. ...
EU court told workers can claim compensation if not given holiday pay image
Source : Guardian [Read Article] Thursday 8th of June 2017 10:38:55 AM
....Tanchev said: “A worker, like Mr King, may rely on [EU law] to secure payment in lieu of untaken leave, when no facility has been made available by the employer, for exercise of the right to paid annual leave . Upon termination of the employment relationship a worker is entitled to an allowance in lieu of paid annual leave that has not been taken up. ...
How will the General Election affect your money? Pensions, savings and tax compared  image
.... Here are how the two main parties plan to affect your everyday earnings and burdens. Income taxThe Conservatives have been steadily raising the personal allowance - the amount you can earn before paying income tax - and this is set to continue under Theresa May. ...
Burberry's Bailey to get £10.5m in shares when he checks out as CEO image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:35:18 PM
....In 2014 the company had endured a bruising annual meeting with its shareholders, who voted against its remuneration report to protest about Bailey’s pay. His pay deals also include a £440,000 allowance to cover clothes and other items. ...
Tories have ‘shameful record’ on FOBT gambling, says Labour image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:19:03 PM
....The data also provide fresh evidence of “clustering” by bookmakers, which have been accused of targeting areas suffering from low wages, high unemployment and high rates of child poverty. Forty-three parliamentary constituencies have more than 30 betting shops, of which 74% have a higher-than-average claimant count for jobseeker’s allowance or universal credit. ...
Skipton Building Society to launch cash Lisa – that’s a lifetime Isa  image
Source : Daily Express [Read Article] Tuesday 6th of June 2017 02:36:00 PM
....” . Savers can split their overall 2017-18 Isa allowance of £20,000 across a range of different Skipton products and make the Lifetime Isa part of their wider savings portfolio, the mutual said. ...
Lifetime ISA providers: First cash LISA launched by Skipton Building Society  image
.... If money is taken for another other reason a 25 per cent charge is applied, though this penalty doesn't take effect until April 2018. LISA savings count towards the overall £20,000 ISA 2017/18 allowance, but a cash and investment ISAs can be held at the same time as the Lifetime ISA. ...
Highest rate taxpayers at record level image
Source : BBC [Read Article] Thursday 1st of June 2017 08:14:15 AM
....These numbers are likely to have been relatively static, owing in part to the increase in the threshold at which these rates of income tax are paid. In 2010, the income tax personal allowance - the amount you are allowed to earn before paying any income tax - was £6,475. ...
Sky-high carbon tax needed to avoid climate catastrophe, say experts image
....Washington’s refusal to adopt a tax has deterred Brussels from moving to a more substantial charge on emissions, which would have the effect of increasing energy costs, at least in the short term, and imposing higher costs on European manufacturers. The European Union’s Emissions Trading System (ETS) is the world’s biggest scheme for trading greenhouse gas emissions allowances. ...
Take a break from the falling pound … you can still minimise your holiday costs image
....There is at least some relief for holidaymakers faced with mounting bills - there will soon be free mobile phone roaming across Europe, meaning that people will pay the same for using their phone in Europe as they would at home, no matter what EU country they happen to be in. “From 15 June, all the calls, texts and data you use in our Europe Zone will come out of your usual UK allowance,” says O2 in a text to customers this week. ...
Winter Fuel Allowance: Tory means-testing to give 'trivial' savings, blasts IFS image
....5 per cent part of the pledge will be dropped. The Conservatives have looked to scale back the state pension and winter fuel allowance to make savings. ...
IFS to voters: you have a choice between the 'undeliverable' or 'unworkable' image
....The IFS gives the prime minister half a cheer for making an attempt to get to grip with the cost of an ageing population. But it notes that the scrapping of the triple lock on the state pension and the means-testing of the winter fuel allowance would make a trivial difference to spending. ...
Tories and Labour not being honest with voters: IFS image
Source : BBC [Read Article] Friday 26th of May 2017 08:21:41 AM
.... changing this would require finding several billion pounds extra from somewhere," the IFS said. The Conservative commitments to replace the "triple lock" on the state pension with a "double lock" from April 2020 and means-test winter fuel allowance payments represent a "very modest change", according to the think tank. ...
The financial benefits of getting married in retirement image
Source : Daily Express [Read Article] Tuesday 23rd of May 2017 07:53:00 PM
....The number of people over the state pension age who are cohabiting is rising rapidly but they could face a financial sting in the tail, according to a new report from insurer Royal London. They are missing out on valuable tax allowances, state pension rights and inheritance tax benefits that could ultimately cost them tens of thousands of pounds. ...
Thank you EU for banning rip-off mobile roaming charges from 15 June image
Source : Guardian [Read Article] Saturday 20th of May 2017 06:00:17 AM
....When does all this happen? The EU started tackling the issue of high roaming charges more than a decade ago, but finally on Thursday 15 June cross-border roaming charges within Europe will cease. From that date, call time, text and data allowances bought as part of a deal or monthly contract at home will be usable anywhere in the EU at no extra charge. ...
Winter fuel allowance: What the Tory Manifesto pledge REALLY means for you image
Source : Daily Express [Read Article] Friday 19th of May 2017 02:29:00 PM
....25 for couples. It's not been confirmed if there will be a cliff-edge where someone a pound above the income threshold will get nothing, or if the allowance will be tapered. ...
Election 2017: Conservative pension and triple-lock policy explained image
Source : Daily Express [Read Article] Thursday 18th of May 2017 02:47:00 PM
.... However, people who receive care in their home will be subject to a means test, which will include the value of their home for the first time. The £72,000 cap on care costs will also be scrapped and the party led by Theresa May is also set to introduce means-testing for the winter fuel allowance. ...
May's manifesto is birth of third way Conservatism image
Source : Guardian [Read Article] Thursday 18th of May 2017 01:15:48 PM
.... Of those, the only one to make the cut this time is the promise not to raise VAT. Similarly, the triple lock on pensions has become a double lock and there will be means testing – another hallmark of Brown’s approach – of the winter fuel allowance for pensioners. ...
British shoppers go on spring spree – but the outlook may be chillier | Larry Elliott image
....One explanation is that the ONS has got its seasonal adjustment wrong. The late timing of Easter this year would be expected to lead to a rise in spending between March and April and the ONS tries to make an allowance for this. ...
Labour gambles on tax and spend – but will the public back it? | Larry Elliott image
.... That assumes that people don’t change the way they behave as a result of the higher taxes and that companies don’t shift their operations out of the UK. Labour has made an allowance of £4bn for possible losses that might occur as a result of behavioural change, but on the side of the ledger has included £6. ...
General election 2017: Lib Dems promise £100-a-week for entrepreneurs' living costs image
. The Lib Dems are promising budding entrepreneurs an £100-a-week allowance to help with living costs as part of their election offer for businesses. ...
Theresa May is creating an epidemic of poverty. Don’t give her a free hand | Gordon Brown image
....Despite a 35% rise in prices this decade, child benefit will have risen by only 2% and the working tax credit by only 4%. Housing benefit no longer covers the rent, heating allowances fail to cover the cost of fuel, and crisis loans that used to cover cookers or beds have been dramatically slashed. ...
Theresa May will cause more poverty than Thatcher, Gordon Brown warns image
....“Despite a 35% rise in prices this decade, child benefit will have risen by only 2%. Housing benefit no longer covers the rent, heating allowances fail to cover the cost of fuel and crisis loans that used to cover cookers or beds have been dramatically slashed. ...
Five minute guide to ever-increasing inheritance tax  image
Source : Daily Express [Read Article] Sunday 7th of May 2017 12:01:00 AM
....”. Christy Morrison, head of wealth planning at adviser WH Ireland, says you can reduce your liability by making full use of existing tax allowances: “Everybody can make gifts totalling £3,000 per tax year, which immediately become free of IHT. ...
Automation poses a high risk to 1.2m Scottish jobs, report says image
....It added that there is a "clear gap in mid-career provision, which employers are not addressing". The think tank suggested that skills qualifications "should be reviewed to ensure they remain fit for their purpose" and also called for the Scottish government to consider how business tax allowances could be used to encourage investment in skills by employers. ...
General election 2017: Lib Dems pledge winter fuel cuts to protect pensions image
....Wealthier retired people would lose their annual winter fuel payment under Liberal Democrat proposals to protect the "triple lock" on state pensions. The election manifesto vow would see those on incomes in the 40% tax bracket lose the allowance - worth up to £300. ...
General election 2017: Labour rules out tax rises for 95% of earners image
.... He abandoned proposals in March's Budget to increase national insurance contributions for the self-employed following a Tory rebellion, with MPs claiming the move breached its 2015 manifesto. During the coalition years, the focus of Conservative policy was steady increases in the personal tax allowance. ...
Are you set to lose tax relief on YOUR pension after this General Election?  image
....Tom McPhail, head of policy at pension provider Hargreaves Lansdown, said: “The next government should set a clear priority to encourage saving and investing for the whole population. "It should put a stop to piecemeal policy-making and the salami-slicing of allowances; instead it should create a coherent, joined-up set of policies, with the goal of helping everyone to make more of their money, to invest for their future with confidence and to build a financially secure retirement. ...
Where oil rigs go to die image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 04:30:18 AM
.... A restriction zone around Winner took in land, sea and air, so that hikers were forbidden to walk the fringing coastal paths and fishermen were told to putter their boats at a distance. On the evening of 22 August, allowances were made for a seismic local event, and islanders were permitted back to their beach to watch Winner be towed away. ...
General election: May paves way for end to pledges on NI and income tax image
.... As such, she would not commit to renewing her predecessor’s policy that prevented the government from increasing any of the three major taxes: VAT, national insurance and income tax. However, she insisted that overall her party would reduce the taxes on working families, with possible plans to further raise the personal allowance threshold, the level at which income tax kicks in. ...
Pensioners will carry on hoarding cash if state won’t step in image
Source : Guardian [Read Article] Saturday 29th of April 2017 04:00:03 PM
....This trend lies behind the Tory promise to raise the inheritance tax threshold for couples to £1m by 2020. It can also be seen when wealthy pensioners argue that the government should maintain the state pension as a universal benefit and even continue paying the winter fuel allowance. ...
Poor working families face big losses from benefit cuts, says IFS image
Source : Guardian [Read Article] Thursday 27th of April 2017 04:57:27 PM
....Low-income working families face significant reductions in income as a result of planned cuts to benefits, according to the Institute for Fiscal Studies (IFS). The thinktank says the freeze in benefit rates and cuts to child tax credit, coupled with the rollout of universal credit, which has become less generous as a result of changes to work allowances, signal “large losses” for low-income households. ...
AA boss shortlisted for economics prize for ‘road miles’ allowance plan image
. A proposal from the boss of the AA for drivers to receive an annual “road miles” allowance is among the ideas shortlisted for a £250,000 competition to find new ways of funding the UK road network. ...
Reform property laws to reduce inequality | Letters image
Source : Guardian [Read Article] Wednesday 26th of April 2017 05:59:37 PM
.... Hardly any media pointed out the effect this will have on increasing inequality via property, mainly because the vast majority of homeowners are quite happy to go along with it. Jeremy Corbyn says the Labour party would fund a £10-a-week rise to the carer’s allowance by reversing this inheritance tax cut, but how many potential Labour voters who are also homeowners will support this? Where is our sense of social justice?Mary Ann HooperWirksworth, Derbyshire. ...
Millions rethink their investment plans and move away from buy-to-let property image
Source : Daily Express [Read Article] Wednesday 26th of April 2017 12:01:00 AM
....Landlords are reeling from former Chancellor George Osborne’s tax crackdown, which began in April last year with a 3 per cent stamp duty surcharge on buy-to-lets and second homes. This added £7,500 to the cost of buying a £250,000 house, while Osborne also removed the landlord wear-and-tear allowances. ...
Tax raid postponed as ministers rush through finance bill image
Source : Guardian [Read Article] Tuesday 25th of April 2017 04:42:20 PM
....The decision to hold a snap election on 8 June means ministers are having to rush through legislation before parliament closes for business, and as a result ministers have effectively ditched the majority of the finance bill in a bid to ensure it gets through. Key measures dropped include a plan to slash the tax-free dividend allowance from £5,000 to £2,000 from April 2018, and a big cut in the amount that many over-55s can save into their pensions. ...
Theresa May promises personal tax allowance will go up to woo working-class voters image
....The pledge is set to be unveiled in the party's manifesto as the Tories position themselves to appeal to hard pressed voters. The personal tax allowance currently stands at £11,500 and the party is aiming to increase that to take millions of low paid workers "out of tax entirely". ...
What does the snap election mean for your finances? image
Source : Daily Express [Read Article] Sunday 23rd of April 2017 01:10:00 PM
....Pensions are likely to be a key electoral battleground, with Labour’s Shadow Chancellor John McDonnell issuing a pension “pledge card” before the election was called. This promised to protect pensioner perks such as free bus passes and the winter fuel allowance, help women affected by the rising state pension age, and extend the pensions “triple lock” to 2025. ...
Saudi Arabia's King Salman reverses public sector pay cuts image
Source : BBC [Read Article] Sunday 23rd of April 2017 06:39:53 AM
. Saudi Arabia's King Salman has reinstated bonuses and special allowances for civil servants and military personnel that had been cut last September as part of austerity measures when oil revenues were low. ...
As newlyweds, what capital gains tax will we pay if we sell one of our flats? image
.... I was told by a friend that if we wanted to avoid capital gains tax (CGT) we would have to sell one of the flats in the first three years of getting hitched. I am thinking of selling my flat to buy a house but since we would still have his flat, would we have to pay second home stamp duty or does that come under the same three-year allowance?. ...
Sent on an hour’s drive in pursuit of jobseeker’s claim image
Source : Guardian [Read Article] Thursday 20th of April 2017 06:00:19 AM
. I was made redundant and filled in an online claim for jobseeker’s allowance. ...
Vodafone gets in first to abolish roaming charges for new and upgrading customers image
Source : Daily Express [Read Article] Wednesday 19th of April 2017 06:26:00 PM
....Sixty more 'roam-further' destinations further afield will also be available for £5 a day. The company says it is responding to customer demand for more simplicity and comes amid other improvements to its service including a reduction in the time customers have to wait to get a new phone with flexible upgrades after six months and monthly plans with bigger data allowances so users can stream more frequently. ...
Reality Check image
Source : BBC [Read Article] Wednesday 19th of April 2017 01:31:06 PM
.... There have been additional rates introduced but they do not affect middle and low earners. In 2010, the income tax personal allowance, which is the amount you are allowed to earn before paying any income tax, was £6,475. ...
Mayoral candidate pledges free childcare for Liverpool parents image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:00:21 AM
.... But under proposals that Morton will lay out at Blackburne House in Liverpool on Tuesday, parents will get 15 hours free each week after the end of parental leave at nine months, paying just £1 for every additional hour. In England, parents currently receive 15 hours free only after their child’s second birthday and if they are receiving benefits including tax credits and jobseeker’s allowance. ...
The gig economy 'slashies' risk burnout image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:00:21 AM
....Emma Bartlett, a partner at Charles Russell Speechlys law firm, says the tax on those with several incomes can be tricky to navigate. “If you have more than one employed position, the second employer will not be able to apply your personal allowance (£11,500 untaxed) so it might feel like a harsher rate of tax is being applied to your second job,” she says. ...
Should you resist Lisa … out to lure you into saving for a property or retirement? image
....If someone paying tax at 40% pays £4,000 into a pension, the government boosts this to £5,000 with basic rate relief, and a further 20% tax rebate is given on completing a tax return. The maximum you can pay in each year is £4,000, coming out of your £20,000 annual Isa allowance, compared to £40,000 for a pension. ...
Robots to replace 1 in 3 UK jobs over next 20 years, warns IPPR image
Source : Guardian [Read Article] Saturday 15th of April 2017 07:01:18 AM
....“In wholesale and retail for example, there are over two and a half million jobs with a high potential to be automated, and three in four workers do not have a degree-level qualification and may lack adaptability,” the report said. The IPPR called on the government to introduce a retraining allowance of up to £2,000 for those replaced by machines, and for the newly created apprenticeship levy to be turned into a £5bn-a-year skills levy offering special help to the regions furthest away from London. ...
From London to the south of France: when trains are cheaper than a flight image
....It turns out that in terms of cost, the train can sometimes beat the plane – or at the very least give it a good run for its money. A Guardian Money price test found that a family of four travelling at the height of this summer’s school holiday can get train tickets from London to Bordeaux and back for £428 all-in, which includes taxes and a decent baggage allowance. ...
Five pension tax mistakes that could hit YOUR nest egg image
Source : Daily Express [Read Article] Friday 14th of April 2017 06:01:00 AM
....4. Taking tax free cash when you don’t pay taxFor anyone under the current personal income tax allowance of £11,500 for 2017/18, it may not make sense to take tax-free pension cash if the allowance hasn't been used up. ...
The older expats facing poverty – thanks to Brexit and frozen pensions image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:00:27 AM
....“Will their state pensions be index-linked once we leave Europe?” he asked. “Will they still get their current healthcare and other vital payments, such as invalid and carer’s allowances? This all has to be negotiated and I fear will be conceded to get something more headline-worthy. ...
The early bird Isa investor catches the best returns image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 12:01:00 AM
....New research suggests early bird investors could be £8,500 better off than those who left it until the last possible minute, as too many do. Your new expanded £20,000 tax-free allowance is now ready for use; here’s why it pays to get in early. ...
Government launches ‘market-leading’ savings account image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:25:30 PM
.... NS&I will add your interest without deducting any tax. However, the interest is taxable, so it will count towards your personal savings allowance. ...
Universal Credit benefits changes 2017 – What the new rules mean for YOU image
Source : Daily Express [Read Article] Tuesday 11th of April 2017 09:09:00 AM
....Chancellor Philip Hammond announced the changes in his Autumn Statement back in November, and says that an estimated three million families will get to keep an extra two pence for every pound they earn. Those eligible for UC are given a work allowance – the amount that they can earn before their UC is reduced. ...
Government 2.2% savings bond goes on sale image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:00:16 AM
....The interest will be subject to income tax, although basic rate taxpayers can earn £1,000 a year in savings interest without paying tax. Higher rate taxpayers have a £500 allowance. ...
Inheritance tax rules changes 2017: Don’t get caught out – what it means for YOU image
....This will rise to £175,000 by 2020, meaning that an individual will be able to give away £500,000 tax-free in total. These allowances are transferrable between partners, meaning that a couple will be able to pass on up to £1 million. ...
Lifetime ISA available NOW – 12 myths about the new Lifetime ISA image
Source : Daily Express [Read Article] Thursday 6th of April 2017 09:37:00 AM
....       I don’t want to open a lifetime ISA as I don’t want to invest in the stock market at the moment. Mr Cox said: “If you do not wish to invest in the stock market now, you should still make full use of your Lifetime ISA allowance. ...

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