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Setting new taxpayer records
New data from HMRC reveals there are now over six million people paying higher or additional rate tax in the UK. Source: HMRC. In recent...
Cash is not what it used to be
At the end of September, the old paper £50 and £20 notes will no longer be legal tender. But has cash in general had its day? In 2010,...
No time to waste: minimum pension contributions must rise
A new report by the Association of British Insurers says a significant increase in the minimum contributions to workplace pensions is...
Catching up on your state pension
The deadline to backfill your pre-2016/17 state pension contributions is nearing. When the new state pension was introduced in April...
Five decades of tax rises ahead
The government’s budget watchdog says more tax rises are not only on the way but are expected for the next 50 years. The Office for...
12% interest on student loans? Not so simple
In theory, high inflation should mean high interest rates for student loans. But it is not that simple. The Retail Prices Index (RPI) is...
Retirement spending surprises
Recent research has cast a new light on retirement spending habits. Do you expect your spending to reduce gradually once you retire? It...
Pension tax relief knowledge gap
How well is the tax relief on pensions understood? Research suggests not well at all, potentially undermining saving motivations. Of...
Auto-enrolment: an unusual success story
Party(ing) politicians are held in low esteem at present, but there is one cross-party measure that deserves to be recognised – automatic...
Buy-to-let tax changes bite with rising interest rates
Changes to tax rules made some years ago could soon inflict financial pain as interest rates rise. In the post-election Budget of 2015,...
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