Finance in the News – w/c 16.08.21

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

FINANCIAL TIMES

“Top players seek a financial game plan for life after sports”
Professional sportspeople, who have a short, high-risk earnings window, are becoming increasingly savvy when it comes to managing their money.
“UK plans to force tech companies to report sellers’ income to HMRC”
Proposals requiring digital platforms to hand over data to taxman will affect up to 5m British businesses.
“Rebound fails to stem UK equity fund outflows”
Tech stocks shortage and lower dividends led retail investors to pull £2.2bn from funds in first half.
“Pandemic widens pensions pot gender gap”
Survey finds women’s finances and retirement prospects hit harder than men’s by furlough and redundancy.
“Will our children have to pay more IHT because my wife has left the UK?”
Case study: My wife has moved back to Norway where she lives as my non-domiciled spouse.
“How’s your subscription addiction?”
The ‘subscription economy’ has soared under lockdown, but it’s easy to lose track of how much you’re spending.

THE TIMES

“Mortgages are at record lows — so why are equity release rates rising?”
The number of people taking money from their homes is on the up, but is everyone getting a good deal?
“Private equity barons are buying up the UK — you can join them”
Every day it seems that another company is bought out. DIY investors can make money too.
“Breaking up is hard to do, especially if you forget the pension”
Retirement savings are valuable, so don’t ignore them in divorce.

THE TELEGRAPH

“Property sellers spending thousands on rent because they can’t find another home to buy”
Vendors have turned to the rental market in a bid to cash in on record house prices.
“Money Makeover: ‘NS&I cuts have left us short – how do I double my income?’”
The Times’ reader is a carer for his cousin and needs savings to kick off £10,000 per year.
“Asking prices fall for first time this year as demand for big houses slows”
But the market for first-time buyer and second-stepper homes keeps rising.

THE GUARDIAN / OBSERVER

“Want to get your finances under control? There’s an app for that”
Your smartphone is the gateway to a host of budgeting apps to track spending, saving and investing.
“VAT: from Covid tests to child car seats, there are calls to ‘scrap the tax’”
The ‘tampon tax’ was the most high-profile campaign but now, with 20% on coronavirus kits, others are gaining pace.

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