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.... 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. ... [Read full article on BBC ]
Friday 26th of May 2017 08:21:41 AM
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....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. ... [Read full article on Daily Express ]
Tuesday 23rd of May 2017 07:53:00 PM
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....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. ... [Read full article on Guardian ]
Saturday 20th of May 2017 06:00:17 AM
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....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. ... [Read full article on Guardian ]
Friday 26th of May 2017 12:32:34 PM
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Latest Finance News related to Allowance

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. ...
State pension triple-lock AXED: Everything you need to know about Tory pension policy  image
.... 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. ...
Deliveroo accused of 'creating vocabulary' to avoid calling couriers employees image
....Deliveroo was founded in 2013 in a London flat by a former investment banker who spotted a gap in the market for late-night takeaways while working on deals long into the night. While number-crunching for Morgan Stanley on Wall Street, Will Shu and his colleagues were able to spend their $25 dinner allowance on food delivered by local restaurants. ...
New inheritance tax rules: How to avoid death duty with new allowance  image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 03:19:00 PM
. From April 6, the inheritance tax allowance will become more generous for higher value homeowners, helping people to pass on more of their wealth to loved ones. ...
Lifetime ISA: Everything you need to know about the new LISA savings account  image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 12:55:00 PM
....Who can open an account?Anyone under 40 can open an account and continue making contributions until they are 50. Savers can hold a LISA and open a normal cash or investment ISA at the same time, with the overall ISA allowance of £20,000 in the 2017/18 tax year covering both. ...
What time is the ISA deadline TONIGHT?  image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 09:38:00 AM
....Time is running out to make the most of your tax-free savings because the current tax year ends when the clock strikes 12 tonight (Wednesday April 5). If you miss the deadline at midnight then you will lose the rest of your maximum ISA allowance for the 2016/2017 tax year. ...
It's that time of year to spring clean your finances with the help of our expert tips image
....Sort out your Isas . You have until midnight tonight to use your 2016/17 individual savings account (Isa) allowance, but the new enhanced £20,000 allowance kicks in tomorrow. ...
New Isa offers free cash deal to young savers image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 07:58:00 AM
.... . The standard tax-free Isa allowance jumps to £20,000 for every adult from Thursday, with the Lisa forming part of this overall maximum. ...
Investment ISAs: Chart shows how stocks and shares have returned £60,000 more than cash image
....However, consistently choosing stocks and shares over cash counterparts during the past 18 years would have given investors returns that are tens of thousands of pounds higher, analysis has showed. The tax-free accounts were first launched in 1999 and an investor who has used the full allowance each year would have put away a total of £101,520. ...
Welfare shakeup 'will push a quarter of a million children into poverty' image
.... Ferdinand lost his wife and the mother of his three children to breast cancer. “The government reform tells me we will be OK after 18 months when the allowance will be stopped completely and we will have to ‘get on with life’. ...
The lost generation: ‘I’m 30-something and still depressed and broke’ image
....”. Here’s a start: give self-employed under-35s free bus passes (I’m 36 by the way); give them £200 to help with start-up costs; if they need more education or training to increase their chance of getting work, let them claim it as a business expense; reduce the rate of national insurance for those who are self-employed and under 35; give self-employed men statutory paternity pay; increase the maternity allowance; and reduce student loan repayments. ...
Osborne’s huge tax giveaway starts for rich – as the poor are hit image
Source : Guardian [Read Article] Saturday 1st of April 2017 11:05:38 PM
....The reforms, set in train by former chancellor George Osborne, run directly contrary to the political mantra of Theresa May, who has said she wants to govern in the interests of everyone and “not just the privileged few”. The changes include raising the personal tax allowance from £11,000 to £11,500; lifting the threshold for higher-rate tax from £43,000 to £45,000; freezing all working-age benefits; removing the family element (£545) from tax credits and universal credit for new claims or births; and applying a two-child limit to new claims or births in the tax credit system. ...
Pension changes: Workers warned as tax perks SLASHED after April 5 image
Source : Daily Express [Read Article] Saturday 1st of April 2017 09:01:00 AM
....Savers who have taken their 25 per cent tax-free lump sum and has not drawn taxable income can still save up to £40,000 a year. It had been hoped the Government would change its mind over the allowance changes, which providers said flies in the face of supposed pension freedoms. ...
There’s no dodging death – but inheritance tax relief could save £1m image
. A new inheritance tax (IHT) allowance is being introduced this month, available to people who want to pass on their home to family members. ...
‘Cruel’ benefit cuts put pressure on grieving families image
Source : Guardian [Read Article] Saturday 1st of April 2017 05:59:17 AM
.... On the days I do work my son worries I won’t come home. I use my widowed parent’s allowance to pay for food – until I started claiming it I would feel terrified about spending money and put food back at the supermarket. ...
Cash in the pocket image
Source : BBC [Read Article] Friday 31st of March 2017 09:16:50 PM
....Some of these changes will occur on 1 April, at the start of the government's financial year, while others occur on 6 April, the start of the tax year. From 6 April the personal allowance - the annual amount you can earn before paying tax - rises from £11,000 to £11,500. ...
ISA 2017: Can I move my ISA money into a different ISA account? image
Source : Daily Express [Read Article] Thursday 30th of March 2017 05:17:00 PM
....”. Savers cannot carry the current tax year’s ISA annual allowance over to the next tax year, which begins on April 6 2017. ...
Lifetime ISA providers: Switch from Help To Buy to save for a home with new LISA accounts image
....As with normal ISAs, Lifetime ISAs can be used to keep cash or investments - compared to cash only in HTB accounts. Help to Buy ISA funds can be transferred into the new Lifetime ISA - and won't eat into next year’s LISA allowance, as long as the saver has not contributed to the HTB account after April 6. ...
Best cash ISAs 2017: The Building Society offering top rates before deadline image
Source : Daily Express [Read Article] Thursday 30th of March 2017 03:26:00 PM
....co. uk, said: “The ISA allowance is there to use it or lose it, so it’s important to go over any old accounts to see whether they need to be transferred to something better, especially as some ISAs pay little to nothing in interest, going as low as 0. ...
Poorest UK families struggle to put food on the table, survey finds image
Source : Guardian [Read Article] Thursday 30th of March 2017 01:42:08 PM
....A Government spokesperson said:“ We are committed to building a country that works for everyone, helping those who are just about managing so that nobody is defined by the circumstances of their birth. “Average household incomes have risen to a record high and we have introduced Universal Credit, the National Living Wage and increased the tax free personal allowance to make sure it always pays to be in work. ...
Older savers taking big market risks to trump inflation image
Source : Daily Express [Read Article] Wednesday 29th of March 2017 08:25:00 AM
....Investors are racing to pay £2. 5billion into stocks and shares Isas to use up this year’s £15,240 allowance before the tax year ends, plus another £1billion in private pensions, according to Hargreaves Lansdown. ...
Pensions mistakes of the past must be avoided, says John Cridland image
....He added that the Winter Fuel Payment, a universal benefit of between £100 and £300 tax-free to help pay heating bills, may need to be means-tested in the future. "There are those of us who wouldn't be pushed into cold winters if we didn't have a winter fuel allowance and there are people for whom the winter fuel allowance is the only thing that keeps the heating on. ...
Britain trails most of Europe on maternity pay, says TUC image
Source : Guardian [Read Article] Friday 24th of March 2017 12:01:18 AM
....”. The TUC is campaigning for the government to increase statutory maternity pay and maternity allowance, which is for the lowest-paid women, to the level of the minimum wage. ...
The last call for savers to cash in on tax relief image
Source : Daily Express [Read Article] Wednesday 22nd of March 2017 12:01:00 AM
.... . This tax year you can save up to £40,000 in a pension, a maximum limit known as the annual allowance. ...
Millions of older people may miss new inheritance tax break image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 09:51:00 PM
. From April 6, the new family home allowance will allow homeowners to pass on an additional £100,000 in property value free of inheritance tax (IHT), rising steadily to £175,000 by 2020. ...
Eight tax changes savers should watch out for from April 2017 image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 01:47:00 PM
Five-minute guide to…The resurgence of first-time buyers image
Source : Daily Express [Read Article] Sunday 19th of March 2017 12:01:00 AM
....Amateur landlords now make up just 8 per cent of market activity, Connells says, as the Treasury’s tax onslaught on the sector squeezes profits. Second home buyers have to pay a 3 per cent stamp duty surcharge on purchases, while wear and tear allowances have also been squeezed. ...
New bombshell for self-employed: pay 400% more NICs… or lose state pension image
.... Those with profits below the SPT, but who are eligible for national insurance credits, would continue to build up qualifying years for the state pension. This typically includes people who receive certain benefits (eg, working tax credit or universal credit), parents of children under 12, foster carers and those receiving carer’s allowance. ...
George Osborne facing calls to quit as MP over Evening Standard job image
Source : Guardian [Read Article] Friday 17th of March 2017 12:51:44 PM
.... Again, this creates the possibility of conflicts with the Evening Standard’s business coverage with financial institutions among Osborne’s past and potential future clients. £120,212 allowance as Kissinger fellow at the McCain Institute for a yearThis raises the issue of a conflict between the supposedly objective role of journalist and his activities as a political commentator with a platform to broadcast his personal world view. ...
Philip Green's lavish party for his 65th ends exile from social circuit image
Source : Guardian [Read Article] Thursday 16th of March 2017 08:27:49 PM
....Green’s milestone birthday means he is officially a state pensioner, a status that entitles men of his age a pension of up to £155. 65 a week and other financial aid such as the winter fuel allowance. ...
Over-55s urged to wise up on pension advice image
Source : Daily Express [Read Article] Wednesday 15th of March 2017 10:43:00 PM
....Funds can be accessed at any age and redeemed against the cost of regulated financial advice, where fees range from £75 to £150 an hour. Yet many over-55s are unaware of the allowance and do not realise there is a further £500 tax break for employer-arranged advice, LV= says. ...

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