Finance in the News – w/c 13.01.20

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Short summaries of recent articles we think you will find useful from some of the UK’s broadsheets.

FINANCIAL TIMES

“Car finance: is leasing the model choice?”
In upgrading to a new vehicle, Nick Johnstone found himself part of a growing trend in the UK.
“City watchdog looks to shake up savings market”
New rules require banks to stick with a single rate after introductory deals.
“Your tax return: the deadline is looming”
Stay on top of your tax affairs by submitting your self-assessment return by January 31.
“W Pensions tax relief: time for the government to bite the bullet”
Big reforms are needed to tackle substantial problems well beyond the cost.
“Why I changed my mind about buy-to-let”
Financial advisers don’t usually like the idea of property as an investment — but there are some exceptions.
“Questions raised as HMRC site crashes on VAT deadline”
Tax authority’s IT systems criticised after three outages in 3 days.

THE TIMES

“Peer-to-peer bosses promised to cut risk. Now they’re about to cut your returns”
Millions held in funds to cover loans in default are nearly tapped out. Savers’ cash will be next on the line.
“Two more years of misery for investors trapped in ABC bonds”
Investors who put their nest eggs into failed high-risk bonds may have to wait another two years before they receive a penny of their money back.
“The tax-efficient guide to divorce”
As you navigate life’s key landmarks, timing is everything. When is the right time to pop the question? How many romantic mini-breaks should you take as a couple before you start a family? And, if you want to separate, when should you do so without incurring a whopping tax bill?

THE TELEGRAPH

“’I rewrote my dad’s will to wipe a £400k inheritance tax bill’”
It’s Britain’s most hated tax, but there are ways to avoid paying – even from beyond the grave.
“Retiring at 60? How to make your money last a lifetime – while paying as little tax as possible”
The second in a Telegraph Money series giving drawdown strategies for people of different ages and with varying amounts in pension savings.
“Think you don’t have to file a tax return? Here are five reasons why you might need to”
Around 750,000 taxpayers miss the Jan 31 deadline each year, often simply because they are unaware they need to file a return.

THE GUARDIAN / OBSERVER

“Is this the worst time ever to invest?”
Shares, bonds and property are overpriced – but there are still opportunities out there.
“Self-employed? Here’s what you should do about pensions”
According to a survey of 2,000 people by National Employment Savings Trust (Nest), the government-backed pensions provider, only 24% of self-employed people are actively saving into a pension.

Please note that, due to copyright, we are no longer able to include a direct link to the newspaper article.

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Source: https://www.techlink.co.uk/

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