You may remember the 2014 budget, where the Government announced that pensions freedoms would be introduced, to start in the 2015/16 tax year. Lauded as a great step forward, it allowed savers aged 55 and over the legal right to move their money
Russia went to the polls last month and in the least surprising result of the year, Vladimir Putin won another six year term. The Chinese Communist Party removed rules limiting Xi Jinping to two terms in office, meaning two of the world’s three superpowers now effectively have presidents for life.
Recent research has suggested that those in the baby-boomer generation should be prepared to pay higher wealth taxes in order to pay for healthcare costs likely to climb steeply in the near future.
A recent study carried out in the USA found that those caring for elderly parents are likely to experience additional financial difficulties on top of the extra stress such responsibilities can bring.
With a new tax year come changes to tax and benefits. But just as it’s important to know what changes are being made, it’s equally, if not more important, to actually understand how the change affect you or your business, or if it even has an impact on you at all.
The figures released at the beginning of March by HMRC about the nation’s income and taxation during 2015/16, revealed some fascinating insights into the UK’s finances.
In 2016 Britain voted to leave the EU and new Prime Minister Theresa May invited George Osborne to consider an alternative career and replaced him as Chancellor with Philip Hammond, the MP for Runnymede and Weybridge nicknamed ‘Spreadsheet Phil’ by his Commons colleagues.
At the beginning of March 2018, HMRC published figures on personal taxation and income throughout the UK for the 2015/16 tax year. The full report offers some interesting insights into the nation’s finances.
A national saving and investment survey has shown only 7% of people have spoken to their parents about inheritance.
It may seem as though the year has barely begun, yet the month of March is already upon us.