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The adoption in the UK of a transatlantic approach to income tax could appeal to a cash-strapped Chancellor. “…only the little people pay taxes.” That 1980s comment by the New York Hotel owner Leona Helmsley sums up an attitude that many taxpayers still believe to be true. Today the same idea often manifests itself in […]
The state pension triple lock may not survive much longer. The impact of Covid-19 on earnings could mean a change in the way that state pensions are increased in each year. If nothing is done, it could give pensioners a large income boost, but cost the government dearly. At present, the new (single tier) state […]
The debate about the relative benefits of investments trusts and investment funds (unit trusts and OEICs) could be coming back into focus. Investment trusts have a history going back over 150 years, long before the first unit trust appeared in 1931 or, later still, the birth of the ‘open-ended’ investment company (OEIC).The major difference between […]
The cricket season may only now be slowly getting underway, but May saw the Chancellor score two centuries which, in different times, would have deeply worried investors. Every month the Office for National Statistics (ONS) publishes a detailed summary of the public sector finances, showing how much the public sector has spent and how much […]
Action Fraud is warning the public to remain vigilant and take extra care when shopping online. Despite retail and non-essential shops re-opening across the UK, many of us continue to shop online. Action Fraud, the UK’s national reporting centre for fraud and cyber crime, is warning the public to remain vigilant and take extra care […]
Inheritance Tax (IHT) has come under the spotlight over the past few years; the Office of Tax Simplification have conducted a couple of reviews on the unpopular tax, which was left untouched in the Spring Budget. The good news is that, with expert planning, you can legitimately reduce the amount of IHT payable to HM […]