Latest HMRC figures show that the annual allowance continues to help fill its depleted coffers. The annual allowance is an important number in the pension world. It sets the maximum tax-efficient amount of total contributions in a tax year – from any source – that can be made to pension schemes for your benefit. […]
Recent data suggests the number of company car drivers continues to fall. Once upon a time, the aspiration of many an office worker was to climb the ladder to the height at which a company car became part of the remuneration package. The appeal of being liberated from the expenses of motoring – sometimes including […]
The temporary Triple Lock suspension has cost pensioners up to £9.35 a week. Call it a good day for burying bad news. Within hours of the Prime Minister announcing his long-awaited plans for social care in England in early September, the Department for Work and Pensions revealed that the Triple Lock for the new and […]
Criminals are taking advantage of well-known lottery draws to trick victims into parting with their money. New data from Action Fraud, the national reporting centre for fraud and cyber crime, reveals almost £1 million has been lost to lottery fraud in the past seven months. What is lottery fraud? Criminals will contact unsuspecting victims informing […]
The Value In Thinking Ahead Retirement is something most of us look forward to − particularly on a Monday morning. However, those thoughts are often little more than a whimsical cocktail of not having to work and prolonged holidays. The reality could be rather different, particularly if your retirement date is some way off. For […]
In September, the government revealed its long-awaited plans to reform England’s funding of social care, but many home care residents won’t reap the benefits. On becoming Prime Minister, Boris Johnson announced that he had “…a clear plan we have prepared” to deal with the funding of social care in England. The statement was met with […]
HMRC says many teenagers are missing out on Child Trust Fund cash. The first Child Trust Funds (CTFs) matured just over a year ago, at the start of September 2020. CTFs will continue to mature until January 2029 as their owners reach the magic age of 18. At present, about 55,000 CTFs mature every […]
Increases to National Insurance Contributions (NICs) from next April have made employee pension contributions less attractive. That headline is not one you might expect to see from a financial adviser, but there is some solid logic behind it. Consider Jane who works in Leeds, earns £40,000 a year and makes net contributions to her […]
The Financial Conduct Authority (FCA) says many savers may have too much cash and face the risk of wealth erosion. As the regulator for personal financial products, the FCA is rightly concerned about financial scams and savers who are encouraged to choose inappropriate high-risk investments. Both are serious issues: The FCA says that 23,378 […]
