One of the key advantages of saving for your retirement through a pension scheme is the tax relief you receive on the money you contribute, usually available at your usual rate of tax.
2017 was a record year for the UK wine industry, as figures showed 64% more bottles of UK-made wine reached the market than in 2016. The Wine and Spirit Association said the industry was reaping the benefits of ‘huge’ investment over the last decade.
GDPR is one of those acronyms you’re probably hearing a lot about at the moment. You’re no doubt receiving a high number of emails asking if you’re still happy to receive communications from a company and to be on their database. So what are the reasons behind this?
Recent figures released through a Freedom of Information Request have revealed that payroll investigations last year led to HMRC collecting £819 million of additional tax, a figure that represents a year-on-year jump of 16%.
A recent study has found women are generally less well prepared for retirement compared to men.
HMRC published the latest figures on personal income and taxation in the UK at the beginning of March.
You may remember the 2014 budget, where the Government announced that pensions freedoms would be introduced, to start in the 2015/16 tax year. Lauded as a great step forward, it allowed savers aged 55 and over the legal right to move their money
Russia went to the polls last month and in the least surprising result of the year, Vladimir Putin won another six year term. The Chinese Communist Party removed rules limiting Xi Jinping to two terms in office, meaning two of the world’s three superpowers now effectively have presidents for life.
Recent research has suggested that those in the baby-boomer generation should be prepared to pay higher wealth taxes in order to pay for healthcare costs likely to climb steeply in the near future.
The figures released at the beginning of March by HMRC about the nation’s income and taxation during 2015/16, revealed some fascinating insights into the UK’s finances.