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Second 2015 Budget Announced for 8th July

by TIna

Category: Budget & Economy & Uncategorized

Chancellor George Osborne has surprised voters, political and business leaders alike by announcing that he will take the unusual step of delivering a second 2015 Budget on 8th July, just one hundred and twelve days after the Budget of 18th March. With an Autumn Statement also due later in the year, the second Budget will mean the Chancellor will deliver three important economic summaries and policy plans in the space of just nine months.

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Early working life? It pays to get into pension saving now!

by TIna

Category: savings & Uncategorized

The new pension rules mean that there’s much more flexibility and choice over how we take our cash in retirement than ever before. Whether you’re in your early 20s or bidding farewell to your 30s, it’s time to get to grips with pensions so you can take advantage of the new rules. The sooner you start paying into your pension, the more time and opportunity your money will have to grow. And the great news is that with the pension changes, you’re likely to be starting a good savings habit years earlier than previous generations.

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UK General Election – The Results

by TIna

Category: General Election & Uncategorized

When the polls opened at 7am on Thursday 7th May, the pundits and the pollsters were as one: the only certainty was a hung parliament. It was the most difficult-to-predict election for generations. The opinion polls had the parties running neck and neck, but the Conservatives led slightly in the predicted number of seats.

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IFS Reviews Conservative Inheritance Tax Proposal

by TIna

Category: inheritance tax & Uncategorized

Inheritance Tax (IHT) applies to (some) wealth that is transferred on, or shortly before, death. The tax is currently charged at 40%, with each individual receiving an allowance of ÂŁ325,000, before the tax is applied. Any unused proportion of this allowance is transferable to a surviving spouse or civil partner, effectively doubling the inheritance tax threshold for many couples. An Institute of Fiscal Studies (IFS) observation published last year considered the case for radical reform of IHT.

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