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New data on marriage and civil partnerships shows a significant threshold has been crossed. ‘Population estimates by marital status and living arrangements, England and Wales: 2022’, sounds like a rather esoteric piece of academic output from the Office for National Statistics (ONS). However, its release in late January attracted a brief flurry of media attention […]
New research has put some surprising numbers on the income needed in retirement. Each year since 2019, the Pensions and Lifetime Savings Association (PLSA) has set about answering the question of how much retirement costs for couples and single retirees. It considers three different Retirement Living Standards, which are summarised as: Minimum: covers all your […]
Following on from a previous warning last December, Action Fraud has issued a new warning to stay safe online after £1.3 million lost from hacked email and social media account scams last year. Data from Action Fraud, the national fraud and cybercrime reporting service, shows that 22,530 people reported that their online accounts had been […]
From 6 April 2024, individual savings account (ISA) rules will be changing, mostly for the better. In April, ISAs will celebrate their 25th birthday. However, the ISA was hardly a new-born back in 1999, as it was effectively a reworking of two previous tax-favoured savings plans – the personal equity plan (PEP) and tax exempt […]
The gap between two government set income levels is the widest it has ever been. The National Living Wage (NLW) and the new State pension both started life in April 2016 during George Osborne’s tenure as Chancellor. In his March 2013 Budget, he announced that the new State pension would begin a year earlier than […]
With Christmas and the New Year over, it is time to turn your thoughts to planning for the tax year end. While many parts of the tax landscape have been frozen, such as the personal allowance and most income tax thresholds, that does not mean you should ignore tax year-end planning as we approach 5 […]