UK savers are being hit again, as rising inflation reaches its highest point in two years at 1.6%, from 1.2% in November.
Last month, the (more…)
Savers need to plan for rising retirement age
The state retirement age has been gradually increasing, meaning that workers will soon have to work until they are approaching their 70s before they are able to retire and claim a state pension.
For some people, that may not be too much of a problem, but for those who have health issues, this may not be the case. Data indicates that (more…)
Tax evasion enablers face new stricter sanctions
HMRC has toughened its stance on tax evasion as of January 1st, 2017 in a bid to create a fairer system for all.
Enablers of offshore tax evasion will face (more…)
Nine out of ten executives believe ‘tax shaming’ is bad for business
According to 91% of finance executives worldwide, publicity surrounding tax planning has a negative impact on a company’s reputation.
A study conducted by (more…)
Families faced with 80% Inheritance Tax bill
Although George Osborne, the previous Chancellor, had introduced measures to ensure that family homes would not be subject to (more…)
Higher rate taxpayers lose £360m of pension money
According to a recent study, up to 20% of people who are higher rate taxpayers are losing out on 20% of pension money each year, as they (more…)
