Short summaries of recent articles we think you will find useful from some of the UK’s broadsheets.
“Six key issues for expats returning to the UK”
With tax, pensions and logistics costs, the process can be hugely expensive — even before reaching the high-inflation UK.
“Attempts to block probate rise 37% in two years”
Increase in DIY wills during the pandemic leads to more family disputes.
“Parents cut back on children’s pocket money as UK inflation bites”
Average weekly handout is down by 23%
“British energy bills forecast to soar above £5,000 next year”
Latest dire warning intensifies pressure on the government to ease the cost of living crisis.
“Workers halt pension savings as cost of living crisis bites”
Warning over long-term damage to retirement funds.
“Truss, Sunak and those shaky tax pledges”
What the Tory candidates’ tax plans mean for our pockets — if indeed they ever come about.
“Hire car firms are back — and so are their rip-off charges”
Watch out for those excess insurance costs, dodgy repair bills and a wealth of other unexpected extras.
“Prepare for the fastest price rises on record”
Inflation is rising at the fastest pace on record and is expected to hit 10 per cent for older people.
“The ten investment questions you really should be asking . . .”
Holly Thomas gets the experts’ views on everything from pensions to tech and China.
“Record number of landlords are beating the taxman – here’s how to join them”
Swapping properties owned by a limited company skips over stamp duty.
“‘My mum was owed £89,000 in state pension – and now the council’s trying to take it off us’”
Thousands of women are being compensated but the taxman and local councils are trying to get a slice of the action.
“Families missing out on inheritance tax loophole”
The ability to bank share price losses can save thousands in tax.
“UK house prices drop for first time this year, says Rightmove”
Experts blame 1.3% average fall on summer distractions rather than economic factors.
“Labour announces plan to freeze energy price cap with reinforced windfall tax”
Keir Starmer says people won’t pay ‘a penny more’ and that plan would reduce inflation.
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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.
It was recently revealed in the media that the amount we need to enjoy a ‘moderate’ retirement has increased by £8,000 per annum, a 38% increase, in just one year.