Check your PAYE tax code. HMRC may change your tax code in various circumstances, for example if you start to get income from an additional job or pension or you start or stop getting employee benefits. Your code may include estimated amounts of savings income, based...
Adult Social Care Review The first Friday of May was a whirlwind of news, creating the perfect backdrop for an announcement the government might prefer to keep under the radar: the launch of a new independent commission into adult social care in England. A Quiet...
Trump's "Yippy" Justification for Tariff Delay A new word was added to investors’ vocabulary in April. “Well, I thought that people were jumping a little bit out of line. They were getting yippy, you know, they were getting a little bit yippy, a little bit afraid.”...
The 1975 Budget and Subsequent Fiscal Policy The 1975 Chancellor's Budget holds a unique position in UK fiscal history, representing a significant policy decision that has seemingly deterred subsequent administrations from similar action. The year 1975 was marked by...
Evaluating Gold as an Investment At first glance, the proposition of investing in an asset exhibiting limited practical utility, generating no direct income, and incurring ownership costs such as insurance and storage, might appear counterintuitive. Such criticisms...
Inflation & Rising Rates Expose HMRC's Capacity Issues Over the past several years, a consistent strategy employed by successive governments to boost tax revenue has been the freezing of tax allowances and bands. This approach, coupled with rising inflation that...
Understanding State Pension Age Changes in the UK Recent research highlights a significant lack of public awareness regarding forthcoming alterations to the State Pension Age (SPA) in the UK. This issue is particularly pertinent given the historical context of SPA...
2025 introduces a technical change to company car tax, which could alter your next choice of car. In recent years, the tax rules for company cars have provided a major incentive to choose a battery electric vehicle (BEV), with zero CO2 emissions, or a plug-in hybrid...
The government is showing no signs of changing its plans to levy inheritance tax (IHT) on pensions. Sometimes what creates the most noise in the wake of a Budget is not what will hurt the taxpaying population most in the future. A perfect example from last October’s...
The House of Commons Treasury Committee has been pondering the future of Lifetime ISAs (LISAs). The Lifetime ISA (LISA) is arguably a good example of brand overstretch. When ISAs were first launched in 1999, there were only two varieties, and they replaced two...
The Office for National Statistics has taken a fresh look at our mortality. Source: ONS Roughly every two years, stories in the media tell us how many children will live to the age of 100. The latest projections are that 11.5% of boys and 17.9% of girls born in 2023...
What the Chancellor’s Spring Statement Means for Your Future Finances There were no tax increases in the Chancellor’s Spring Statement (upgraded from an initial Spring Forecast), but that might just be pain deferred. Before becoming Chancellor, Rachel Reeves set out a...
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