Inheritance tax raid: Rishi’s stealth tax worth millions as he freezes allowance | Personal Finance | Finance

The Chancellor of the Exchequer Rishi Sunak revealed thresholds for Inheritance Tax (IHT), the pensions lifetime allowance and Capital Gains Tax will be frozen at their current rates. This freezing has however caused outrage for many who label the move as a means to implement a “stealth tax”, but the Chancellor claims the move will leave More...

by admin | Published 2 hours ago
By admin On Thursday, March 4th, 2021
0 Comments

Martin Lewis issues urgent warning on NS&I following Budget announcement – full details | Personal Finance | Finance

Martin Lewis has issued a stark warning for NS&I savers following Rishi Sunak’s Budget. NS&I will be launching a new green savings bond which according to the Chancellor, will provide retail investors More...

By admin On Wednesday, March 3rd, 2021
0 Comments

Tax credit claimants to get a £500 boost: Rishi Sunak helps low-income families in Budget | Personal Finance | Finance

Mr Sunak laid out the following: “To support low-income households, the Universal Credit uplift of £20 a week will continue for a further six months, well beyond the end of this national lockdown. “We’ll More...

By admin On Wednesday, March 3rd, 2021
0 Comments

Income Tax: Britons warned of Rishi Sunak’s potential Budget tax raid on UK workers | Personal Finance | Finance

Income Tax is a levy which Britons will need to pay on certain types of income and is collected by HM Revenue and Customs (HMRC). People will need to pay tax on their earnings, and profits made if they are self-employed, More...

By admin On Wednesday, March 3rd, 2021
0 Comments

Furlough scheme extended – Rishi Sunak to cover wages until the end of September | Personal Finance | Finance

The news was welcomed by Ben Willmott, the head of public policy at the CIPD, the professional body for HR and people development, who had the following to say: “The extension of the furlough scheme until More...

By admin On Tuesday, March 2nd, 2021
0 Comments

Pension warning: Scammers are targeting baby boomers – these are the red flags to look for | Personal Finance | Finance

Pension assets worth billions are being targeted by scammers according to new analysis from Just Group. In examining the FCA’s Financial Lives report, it was revealed that one in four (23 percent) of 55-74 More...

By admin On Tuesday, March 2nd, 2021
0 Comments

Capital Gains Tax: Rishi Sunak’s Budget may mean ‘stealth’ change to CGT | Personal Finance | Finance

Capital Gains Tax (CGT) is a levy charged on the profit made when someone sells an asset which has increased in value. It is the gain a person makes which is taxed, rather than the amount of money they receive, More...

By admin On Tuesday, March 2nd, 2021
0 Comments

SEISS grant 5: Will the fifth grant be decreased? How much can I get? | Personal Finance | Finance

Like many, self-employed people have struggled to keep afloat during the coronavirus crisis as the unprecedented economic downturn caused by lockdown restrictions has remained pervasive throughout the crisis. More...

By admin On Monday, March 1st, 2021
0 Comments

HM Treasury has ‘burnt its bridges’ – consumers warned they’ll face online sales tax costs | Personal Finance | Finance

Tax reforms may be laid out this week as Rishi Sunak reveals his Spring Budget. The Chancellor may have no choice but to address coronavirus spending, which according to the ONS may push public debt to £400billion More...

By admin On Monday, March 1st, 2021
0 Comments

Negative interest rates to be used to save economy UK economy ‘if things don’t pick up’ | Personal Finance | Finance

Mr Ramsden has said the central bank’s current policy is to utilise quantitive easing, and that it currently did not think negative interest rates were needed. It comes nearly a year on since the Bank More...