With the income threshold for auto-enrolment set to increase from April; figures published over the weekend have suggested that thousands of women working part time will fail to be enrolled into their business’ pension scheme. Continue reading
Monthly Archives: March 2014
Inheritance Tax Take Set to Rise
Earlier this week the Office for Budget Responsibility announced that they had revised their calculations relating to how much inheritance tax would be paid by 2018; with the revisions coming following measures announced in the Chancellor’s Budget last week. Continue reading
Savers Unaware of Savings Tax
Recent figures have suggested that many savers throughout the UK are unaware of the tax on savings; with over 60 percent of savers being unaware that basic rate taxpayers pay 20 percent on any interest earned from standard savings straight to HMRC. Continue reading
Rises in Tuition Fees Not Ruled Out
Within a recent interview, the universities minister refused to rule out raising tuition fees after the next general election; despite figures suggesting that a large proportion of student loans may never be paid back. Continue reading
ISA Savers Benefit From Budget
During the Budget announcement on Wednesday (March 19th), the Chancellor George Osborne announced that savers will be able to invest up to 30 percent more cash in tax free savings accounts. Continue reading
More Pensioners Paying Mortgages
Figures recently published have suggested that a third of mortgage holders will not clear their mortgage until they are over the age of 60; whilst one in 20 are likely to be paying their mortgage during their 70s. Continue reading
ISA Savers to Lose Out on Interest
Research conducted by a peer-to-peer lender has suggested that savers looking for a new three year ISA from next month (April) are set to experience a fall in interest rates, by over 40 percent. Continue reading
Tuition Fees May Need to Rise
Earlier this month, it was suggested by one of the most powerful men in higher education that the current level of tuition fees, £9,000, may need to rise. Continue reading
State Pension Age Should be Raised
According to the pension tsar, the state pension age should be increased to 70 by 2040; 20 years early than originally planned. Continue reading
Retirees Turning to Alternative Finance
According to data compiled following recent research, retirees are overspending by an average of £6,000 a year; resulting in many looking at alternative forms of finance. Continue reading