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PROTECTING WHAT MATTERS MOST Financial resilience is the ability to recover quickly from unexpected financial shocks. Many of us insure our homes and cars without really thinking about it, but far fewer insure their lives and incomes. Savings can help in the short-term. But what happens when they run out? Or if an illness goes […]
Investors in cryptocurrencies like bitcoin should not forget the tax consequences of their digital wallets, says HMRC. HMRC regularly boosts tax receipts by nudging taxpayers who are suspected of filling out their tax returns incorrectly or failing to submit a return when one is due. The warning, sent as a ‘nudge’ letter, often stems from […]
With a ‘black hole’ of £22 billion to fill, there are plenty of groups giving Rachel Reeves advice. The Fabian Society published a report on taxation on August Bank Holiday Monday. While their main audience is in Scotland, which has its Summer Bank Holiday at the start of August rather than at the end, the […]
We now have a clear understanding of how much the main State Pension will increase next April. That the State Pension triple lock was not going to change was a consistent commitment in the election manifestos of all major political parties – Labour, Conservative and Liberal Democrats. In truth, once one party had nailed its […]
The pension challenges facing western Governments are also confronting the world’s second most populous country. At what age should the state start to pay a pension? The question is a challenge to all Governments, whether democratic or otherwise. There are two main drivers, at opposite ends of life: Life expectancy. Unless state pension ages […]
Financial Conduct Authority (FCA) publishes a review of the cash savings market following evidence of some dubious tactics at work. While the use of paper cash is declining as a means of payment, the need to retain a cash reserve remains as strong as ever. We all need some ‘rainy day’ money in case of […]