The Chancellor announced in his Budget earlier this month that the pension lifetime allowance will be frozen. The current limit of £1,073,100 will remain in place until 2024, capping how much savers can put in without accruing tax bills. It was due
He said: “The pandemic has done disproportionate financial damage to the self-employed sector: after this, it simply cannot take the added hit of the changes to IR35. “This research shows that not only are a large proportion of businesses not ready for
Chancellor Rishi Sunak set out his economic plan for the country earlier this month as the UK looks to bounce back from the coronavirus pandemic. An important announcement came for the self-employed, as the Government announced that the SEISS measure will be
Rishi Sunak said he plans to “rebuild the economy of Scotland and the whole of the UK” as the country seeks to “recover from the devastating impact of coronavirus”. He told how the UK Government had delivered some £13.3 billion of cash
Pension saving will be important to the millions of Britons who are progressing towards retirement. However, there have recently been concerns attitudes concerning pension saving would have to change due to an important announcement. In his latest economic update through the Budget, Chancellor
Rishi Sunak grilled on support for ‘mortgage prisoners’ Bob Lyddon was speaking after the Chancellor set out his priorities for the year as he attempted to balance the books after the Government spent more than £300billion on measures aimed at mitigating the
Chancellor Rishi Sunak set out his Budget earlier this month as the UK economy continues to suffer during the pandemic. He announced various policies, including an increase in corporation tax from 19 percent to 25 percent by 2023 – sweetened with £25billion
The Chancellor unveiled his Budget last week as many in the country braced for tax increases. Reports had indicated the self-employed could get hit with increased national insurance contributions and pension tax relief could be taken away. But the Budget was light
The TV licence fee currently cots £157.50 per year for individuals to watch live television in their home. While the bulk of the TV licence goes towards paying for the BBC, individuals must pay the fee even if they choose not to watch programmes
Child benefit can be awarded to those who are responsible for a child who is under 16 or under 20 if they’re in approved education or training. So long as a claimant is eligible, they’ll get £21.05 per week for an eldest