Short summaries of recent articles we think you will find useful from some of the UK’s broadsheets.
“UK property market moves into cold storage”
Experts predict transactions could plunge 50 per cent year-on-year, but what could it mean for house prices?
“Coronavirus: Government support for small businesses — Live Q&A”
Claer Barrett wants to hear readers’ experiences of accessing business interruption loans.
“Aviva pension clients barred from cashing in property assets”
Provider cites coronavirus market turmoil for uncertainty over valuations.
“Wealthy seek inheritance tax rebates”
Advisers say families could reduce IHT bills in wake of coronavirus market rout.
“UK divorce settlements challenged as finances become strained”
Surge in inquiries from individuals seeking to reduce maintenance payments due to Covid-19.
“The pandemic and the radical change in wealth distribution to come”
The old globalised order is fracturing. We are seeing wartime-style falls in GDP.
“Rescued from the turmoil — the older savers who made a profit”
Some giant pension funds protected older savers from the coronavirus storm and in some cases even rose 9% as the market crashed, analysis reveals.
“Eight ways the coronavirus crisis has hit your finances”
The Times looks at what the data says about the virus and your money, from a fall in cash use to disappearing dividends.
“Parents fight back over child benefit tax grab”
Appeals against tortuous rules for higher earners have tripled.
“Why opting out of your pension could cost your family dearly”
Savers could be throwing away valuable death benefits by opting out of workplace pensions.
“A landlord’s guide to coronavirus: your questions answered”
The buy-to-let market is grinding to a halt as tenants are told to stay put. How can landlords navigate the crisis?
“Care homes teetering on the verge of collapse under coronavirus pressure”
Care homes may have to close or hike their fees in order to avert disaster, as Covid-19 pushes them to breaking point.
“Coronavirus UK: call to scrap ‘triple lock’ on pensions after crisis”
All generations should have to help pay for massive economic cost, says thinktank.
“Covid-19 pay freezes on UK loans and credit cards start today”
FCA rules designed to give consumers ‘breathing space’ will be extended next week.
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As tax year end approaches, there is still time to make use of your available reliefs and allowances.
This tax year end planning checklist covers the main planning opportunities available to UK resident individuals and will hopefully help to inspire action to reduce tax for the 2023/24 tax year and to plan ahead for 2024/25.
As tax rate band thresholds are changing, understanding the impact on high rate taxpayers and the economy is crucial.
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