Savings boost

Apr 07, 2015

There were a number of changes to promote savings in the Budget. The main changes are set out below:

  • Help to Buy ISA

From autumn 2015, a new ISA is…

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Pension's flexibility a word of caution

Apr 07, 2015

The new flexibility, that certain pension pot holders can avail themselves from 6 April 2015, offers more opportunity regarding the funds they have saved. Once you reach minimum pension age, normally…

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Significant increase in NMW from October 2015

Apr 07, 2015

The National Minimum Wage rates from 1 October 2015, as recommended by the Low Pay Commission. (LPC) will be:

  • a 20p (3%) increase in the adult rate (from £6.50 to £6.70 per hour)
  • a…

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Tax Diary April/May 2015

Apr 07, 2015

 1 April 2015 - Due date for Corporation Tax due for the year ended 30 June 2014.

 19 April 2015 - PAYE and NIC deductions due for month ended 5 April 2015. (If you pay your tax electronically…

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Some of the Budget changes March 2015

Apr 02, 2015

Following last week’s Budget, the government has published the Finance Bill 2015. The bill implements tax changes announced at Budget 2014, Autumn Statement 2014 and Budget 2015.

It includes…

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Banks to stop taking tax on interest paid

Mar 31, 2015

 From 6 April 2015 you won’t have to pay tax on interest received if your total income is less than £15,600.

As part of a wider relaxation for savers, the recent Budget pledged to introduce…

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First time buyers savings plan

Mar 27, 2015

 If you are a first time buyer a new savings scheme introduced in the Budget last week is well worth considering.

 Nick named the Help to Buy ISA, the ISA will allow you to save up to £200…

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Stolen mobile charges to be capped

Mar 26, 2015

 Major mobile networks have confirmed plans to introduce protection for consumers from huge bills run-up on stolen mobiles following Government action.

Under the voluntary agreement, five…

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Pension freedoms to be extended to annuitants

Mar 23, 2015

The Chancellor has announced that the government will extend its pension freedoms to around 5 million people who have already bought an annuity.

From April 2016, the government will remove…

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