Personal Finance

In 2027, how will pensions be subject to inheritance tax?
Personal Finance

In 2027, how will pensions be subject to inheritance tax?

Unused pensions will be included in estates for inheritance tax (IHT) purposes starting in April 2027, which will significantly alter the...

How Nationwide is winning the high street banks battle
Personal Finance

How Nationwide is winning the high street banks battle

Building societies and high street banks have been competing with challenger banks like Monzo and Starling, but Nationwide is retaliating...

In five years, the number of 45% taxpayers has more than doubled
Personal Finance

In five years, the number of 45% taxpayers has more than doubled

Despite minimal changes in their purchasing power, frozen thresholds force more taxpayers into higher tax brackets. According to ...

Young people are losing out on pension opportunities
Personal Finance

Young people are losing out on pension opportunities

World-class and elite boxers are often perceived as exuding confidence. Although confidence is crucial, there is a distinct boundary betw...

For the first time, the number of over-65s paying taxes exceeds 10 million
Personal Finance

For the first time, the number of over-65s paying taxes exceeds 10 million

Perhaps you are one of them. According to new HMRC data, hundreds of thousands more retirees are expected to pay income tax than ...

Are you ready for a faster-than-expected increase in the state pension age?
Personal Finance

Are you ready for a faster-than-expected increase in the state pension age?

This is what you should know. There are rumors that the state pension age could be raised, which would mean millions of older wor...

Should lower-income households receive a portion of bank profits?
Personal Finance

Should lower-income households receive a portion of bank profits?

Calls for an increase in the windfall tax to assist struggling households with their energy bills have been sparked by bank bonuses reach...

How pension reforms could add thousands to your pot
Personal Finance

How pension reforms could add thousands to your pot

Significant government reforms could increase workers' retirement funds by thousands of pounds. In an effort to improve outcomes ...

Is it possible to receive government funding for air conditioning installation?
Personal Finance

Is it possible to receive government funding for air conditioning installation?

The British summer has been extremely harsh thus far due to heatwave after heatwave. Three consecutive days in June broke the rec...

Capital gains tax investigations by HMRC are at an all-time high
Personal Finance

Capital gains tax investigations by HMRC are at an all-time high

How can an inquiry be avoided? Last year, there were 26% more capital gains tax (CGT) investigations, which brought in 266 millio...

Could Andy Burnham increase the tax on capital gains?
Personal Finance

Could Andy Burnham increase the tax on capital gains?

Raising CGT has previously been proposed by one prospective chancellor. There are already rumors circulating about potential refo...

Will the triple lock pension system be abolished by the new Labour leader?
Personal Finance

Will the triple lock pension system be abolished by the new Labour leader?

Will Labour leader Andy Burnham protect it? Keir Starmer pledged not to interfere with the triple lock, which guarantees an incre...