Paying for social care reforms

Paying for England’s social care reforms

By Richard Jackson | 15th October 2021

In September, the government revealed its long-awaited plans to reform England’s funding of social care, but many home care residents won’t reap the benefits.…

Pensions gender gap grows

Widening gender pension gap with a Covid-19 twist

By Richard Jackson | 1st October 2021

New research has highlighted a growing retirement income gap between men and women, which has been exacerbated by the pandemic.  According to the Office…

The Government plans to raise the national minimum pension age

Minimum pension age steps closer to 57

By Richard Jackson | 30th September 2021

Pension Age – The government has published draft legislation to raise the minimum age for drawing pension benefits from 55 to 57.  At present,…

Tax Year: So, farewell then 6 April?

By Richard Jackson | 27th September 2021

The UK’s unusual tax year end-date is coming under scrutiny in tandem with potential changes to the tax year basis for the self-employed.  The…

CGT receipts provide a likely target for Chancellor Sunak

Capital gains tax receipts underline tempting target for Chancellor

By Richard Jackson | 23rd September 2021

New HMRC data shows that in 2019/20, £9.9 billion of capital gains tax (CGT) liabilities were created.  In July last year, the Chancellor unexpectedly…

Interest rates are set to rise

A hint of rising interest rates?

By Richard Jackson | 20th September 2021

The Bank of England has suggested that interest rates may rise sooner than expected. After its August meeting, the Bank of England (BoE) was…

The Office for Budget Responsibility has warned the Chancellor will need £10bn to address Covid-19, climate change and government debt, not leaving much room for Budget giveaways.

No room for giveaways in OBR risk report

By Richard Jackson | 27th August 2021

The Office for Budget Responsibility (OBR) has given Rishi Sunak its new worry list. It gives the Chancellor little wriggle room for potential Budget…

With social care funding climbing to the top of the agenda, potential additional means-tested personal contributions need to be included in retirement planning.

Social care rises up the agenda

By Richard Jackson | 23rd August 2021

A proposal to address social care funding is apparently imminent.  “My job is to protect you or your parents or grandparents from the fear…

National Savings has announced a new Green Savings Bond

National Savings to launches Green Savings Bond

By Richard Jackson | 20th August 2021

National Savings & Investments has announced details of a new green savings product.  One of the small surprises in March’s Budget was the announcement…

A recent court case has case doubt over the way HMRC collects tax on child benefit

HMRC loses on child benefit tax

By Richard Jackson | 17th August 2021

A recent Upper Tribunal case has raised questions about HMRC’s approach to collecting tax on child benefit.  Child benefit tax, or the High-Income Child…

Rumoured cuts to the lifetime allowance for pensions could cause problems for those planning to retire soon

Pension lifetime allowance cuts are looming on the horizon

By Richard Jackson | 13th August 2021

New HMRC statistics show the lifetime allowance continues to be a useful revenue earner for HM Treasury, but rumoured cuts could be a concern…

There is a threat to the triple lock on state pensions

The Triple Lock trip up, take two

By Richard Jackson | 26th July 2021

State pension increases and the Triple Lock are back in the spotlight. About a year ago, during the first wave of the pandemic, several…

Child Trust Funds are largely forgotten

The £9 billion Child Trust Funds backwater

By Richard Jackson | 23rd July 2021

Over £9 billion was invested in Child Trust Funds (CTFs) as of April 2020, according to new HMRC data. If you have a child…

Cash ISAs are the dominant form of ISA saving

Cash ISAs remain dominant: The wrong type of ISA?

By Richard Jackson | 20th July 2021

New statistics from HMRC show over £300bn invested in cash ISAs. One of the many knock-on effects of the pandemic has been that HMRC’s…

Planning your retirement income is not straightforward

How much pension?? What is an adequate retirement income?

By Richard Jackson | 16th July 2021

A leading pension think tank has examined this question – but the findings aren’t straightforward. Over the years, there has been much focus on…

what does the rest of the year hold for investors?

The year so far for investors: six months down…

By Richard Jackson | 14th July 2021

The first six months of 2021 have been rewarding for investors, but the next six are uncertain.  The first half of 2021 was a…

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