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Category: Investments & pensions & Uncategorized
According to HMRC, 45% of savers in stocks and shares ISAs are aged 55 or over. These savers already understand the mantra of âgross is goodâ and have chosen an investment on which thereâs no additional tax due on investment growth and income. What many investors seem to be unaware of is that the exact same tax treatment is available on funds held within a pension.
Category: financial planning & Investments & Uncategorized
New research from Experian has revealed key factors driving people to pull out of an application for a financial product or service. A lengthy application process is the number one frustration felt by over half (51 per cent) of UK adults applying for financial products and services, according to new research by Experian, the global information services company. The research, which looks at the top frustrations causing customers to pull out of an application, found that two fifths (40 per cent) of adults were deterred by the length and complexity of the application form, putting them off completing the application altogether.
Category: Civil Penalties & Tax Avoidance & Uncategorized
Revealed during the 2015 Budget, the government has introduced new measures to discourage tax avoidance. Headlining these measures are two new criminal offences and higher penalties, which cannot only be brought against those who avoid tax, but also those who enable tax avoidance.
Category: Business & Tax & Uncategorized
The governmentâs new Diverted Profits Tax (DPT), commonly known as the âGoogle taxâ, formally came into force on 1st April. Detailed initially during the 2014 Autumn Statement, the tax is an attempt by the government to stop large firms from paying comparatively small amounts of tax in the UK by âdivertingâ their profits to be reported overseas.
Category: Election & Uncategorized
There are now only weeks to go until the General Election, which â by common consent â will be the most closely fought and difficult to predict in a generation. Since only last week, a dozen opinion polls have been published and not one of them has made forecasting the likely outcome on May 7th any easier.
Category: Housing & property & Uncategorized
At the Council of Mortgage lenders Annual Conference in November 2014, Michael Rhodes, of the Leeds Building Society, in his address to the Conference, said:
âOne of the biggest problems for anybody attempting to get on to the property ladder is funding the deposit â regardless of the lender they are looking to get a mortgage from. It can take a very long time to save up for a deposit, especially if the âbank of mum and dadâ are not able to fund the full amount at short notice in one lump sum.â
