Category: pensions & Tax & Uncategorized
Given recent comment from George Osborne, and mentions of the same during the Autumn Statement, it appears as though pension tax is set for a shake-up in 2016. With that in mind, there appears to be a potential opportunity for higher-rate taxpayers to make the most of their savings while the good times last.
Category: pensions & Uncategorized
A recent Saga article claims that the battle to give women a fairer deal over their state pensions scored a significant victory early in January, when it was the subject of a House of Commons debate. Although the debate had no power to directly alter government policy, it represented yet another important step in bringing the campaign into the public eye and gathering support from politicians.
Category: pensions & Tax & Uncategorized
The Government has recently finished a consultation looking at how pension taxation could work in the future. The Chancellor, George Osborne, has said that he expects to reveal the findings and the direction he is going to take during the March Budget. But is there any way to take an advance look at the situation? What has the Chancellor considered and what might his decision be in March?
Category: Care & Uncategorized
Forty-three per cent of people in England would deliberately deplete their wealth to avoid paying for care, leading to more pressure on state finances than ever before, statistics from the latest Partnership Care Report show. Findings in the report show the number of people prepared to reduce their assets below the ÂŁ23,250 annual threshold to ensure local councils pay for their long-term care has nearly doubled from 23 per cent (2013) to 43 per cent (2015).
Category: Budget & Uncategorized
Reported recently across the media, David Cameron has promised an âall-out assault on povertyâ, with a series of social reforms to include better mental health services and mentoring schemes. The PM said new mothers and teenagers with anorexia were among those who would benefit from improved services. He also promised to flatten âsink estatesâ, help families save and introduce more funding for parenting classes.
Category: Care & Financial Planning for individuals/families & Uncategorized
Are the financial difficulties which care home provider businesses seem to be currently facing their responsibility to manage, a local government responsibility or does the situation require urgent government action?
When the House of Lords was recently told of the situation, the Labour peer Baroness Weaver asked the question following the news that the UKâs largest care provider, Four Seasons Health Care, was facing financial problems due to its ÂŁ500m debt, which raised the prospect of care homes being closed.
