UK Finance News

Revenue and Customs are losing £2.8bn a year in tax, through people not filling in their tax returns correctly and it is not economic to get the money back.
The admission comes in a report by the Commons public accounts committee into the failure of Revenue & Customs to meet best business practise.
The report is scathing [...]

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It would seem that at last younger savers are starting to take pension savings seriously. It may also mean that recent pension reforms are starting to hit home.
And so they should, with excellent tax breaks and more generous limits on contributions, the fruit is ripe for the picking.
Research by Fidelity FundsNetwork shows nearly a quarter of a [...]

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Far from a U-turn, Alistair Darling’s manoeuvre on the 10p tax rate was more akin to reversing into a lamppost. Lampposts are big and bright and shouldn’t be difficult to miss; so whilst now doubt an illuminating experience for the Chancellor, he should have seen this object in the rear view mirror.
Ironically, it was Gordon’s [...]

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When you are panicking about your pension, here is something else you need to worry about before 5th April - making sure you get the maximum tax-relief in advance of the basic rate of income tax dropping to 20%.
If you’re planning to drop in a lump sum or just fill out your Stakeholder with its [...]

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