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Category: Business & Tax & Uncategorized
Changes to dividend taxation rates will see entrepreneurs and small business owners pay ÂŁ6.8bn more in tax during the next five years, a move The Daily Telegraph described as a âtax raidâ.
Category: Budget & Business & financial planning & Uncategorized
Those who listened to the Summer Budget on 8th July for news affecting small businesses will no doubt have been glad to see corporation tax slashed and the employment allowance increased, but an article recently published by KPMG asked, did the Summer Budget go far enough in announcing measures to help small businesses grow?
Category: financial planning & Uncategorized
There are almost 3 million family businesses in the UK, employing 9.4 million people. These are estimated to contribute a quarter of the UKâs GDP and generate tax revenues of ÂŁ102 billion, according to the Institute of Family Business. Family businesses are therefore crucial to the economic well-being of not only many families, but to the countryâs economic growth ambitions. With that in mind, many family businesses will have been keeping a close eye on the Summer Budget, which announced a range of measures likely to impact them in some way.
Category: pensions & retirement & Uncategorized
More than one in five (21%) of pensioners have gone back to work since they reached the State Pension age, or are planning to do so in the future, according to new research from Prudential. The rise of the retired jobseeker, along with the growing trend for a period of pre-tirement as previously identified by Prudential, shows how the modern retirement reality continues to shift further from the traditional norm of giving up work for good on a set date.
Category: Housing & Mortgages & Uncategorized
The Council of Mortgage Lendersâ (CML) latest figures for mortgage lending (May 2015) show that whilst lending levels recovered in May compared to April, they were down compared to a year ago. First-time buyers saw a decline in lending volumes, 13% down, compared to last year, but up slightly (3%) on the previous month, with total May loans estimated to be around ÂŁ3.4 billion.
Category: Budget & Mortgages & Uncategorized
The Council of Mortgage Lendersâ (CML) members are banks, building societies and other lenders who together undertake around 95% of all residential mortgage lending in the UK. There are 11.1 million mortgages in the UK, with loans worth over ÂŁ1.3 trillion.
