A House of Lords committee has delivered a stinging critique of the government’s proposals to bring unused pension funds within the scope of Inheritance Tax (IHT). Examining the legislation within the current Finance Bill, the Economic Affairs sub-committee noted that...
If you have recently received a new tax code, it is important to review it carefully. Many taxpayers assume their code is correct, but mistakes can and do happen—sometimes leading to significant overpayments of income tax. Millions in Overpaid Tax A recent Freedom of...
Investment performance in 2025 delivered an unexpected result. Despite widespread confidence in continued US market dominance, it was the UK market that ultimately came out on top. Source: Investing.com – FTSE 100 vs S&P 500 A Year Dominated by US Narratives...
While much attention has focused on successive government freezes to personal tax thresholds, there is another long-running threshold freeze that could have similarly significant consequences for savers and retirement planning. The Success Story of Automatic Enrolment...
Many taxpayers who could be affected by upcoming changes to tax reporting are still unaware of what lies ahead. Communication challenges have historically made it difficult for taxpayers to stay informed, and with the introduction of Making Tax Digital (MTD), there is...
A Revised Fiscal Calendar The 2024 Budget Changes The 2024 Budget reshaped the Chancellor’s fiscal timetable. Key adjustments include: The Office for Budget Responsibility (OBR) will now publish only one full assessment per year, aligned with the Autumn Budget The...
The long-term consequences of governments repeatedly freezing the income tax personal allowance are starting to become more visible — and for many, the results may be unexpected. How We Got Here: Personal Allowance vs State Pension Looking Back to 2016 On 6 April...
The Autumn Budget at the end of November introduced a series of important changes for Individual Savings Accounts (ISAs) scheduled to take effect from April 2027. However, depending on your age and ISA usage, you may not feel the impact immediately. Budget...
Reforms to pension salary sacrifice rules are not due to take effect until April 2029, but employees and employers should begin thinking about the implications now. Salary sacrifice has become increasingly common among larger employers, offering notable benefits when...
The government quietly revealed unexpected tax changes in late December, at a time when most of the public attention was elsewhere. The timing brought to mind the famous political saying: “a good day to bury bad news.” More than twenty years on, this strategy of...
That familiar time of year has arrived again. As 2026 begins, how will you balance your finances in the year ahead? With New Year’s Day falling on a Thursday, many people will not return to work until Monday 5 January. That extended break offers a rare opportunity —...
The government has launched a consultation on a new way of drawing pension benefits, adding yet another set of initials to the ever-expanding pension landscape. What Is a Collective Defined Contribution (CDC) Pension? Unless you work for Royal Mail, you may be...
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