Short summaries of recent articles we think you will find useful from some of the UK’s broadsheets.
“Labour government would scrap UK’s ‘non-dom’ tax status”
Shadow chancellor Rachel Reeves proposes shorter term scheme for those staying up to five years.
“Neglected heirs: widows who take over the family finances”
Wealth managers face calls for more focus on bereaved women amid huge asset transfers.
“Mum and dad trustees at risk of new rules, tax experts warn”
Calls on HMRC to publicise reforms more effectively.
“FCA flags concerns over challenger banks’ financial crime defences”
Some lenders fail to take details of customers’ income and occupation, regulator finds.
“Will no-fault divorce law affect my financial settlement?”
Reform should not change the outcome but take account of tax issues.
“Better pensions await generation rent”
Many younger savers lack own homes but have better retirement funds.
“My ex-husband died — and my retirement plans died with him”
It has become easier to get a divorce, but don’t forget your pension in your haste to separate.
“Do I have any chance of retiring at age 62? Non!”
“The big green hole: where do all our eco-taxes go?”
We pay £153 a year in energy levies. It’s not clear what it’s spent on.
“The new threat to landlords’ profits”
Institutional investors are moving fast into suburbs and commuter towns as individual landlords face increasing taxes and red tape.
“I have warned of a global food crisis: these shares will help you to ride it out”
Never mind the row about Rwanda, or the political fuss about “partygate”, a far more fundamental issue for many people in the years ahead will be food security — or in plain English the ability to feed ourselves.
“Savers come around to NS&I’s green bonds”
Savers have deposited £173 million in National Savings and Investments’ green bonds since the interest rate doubled to 1.3% in February.
“Almost 9 in 10 British adults say their living costs are rising”
ONS says a quarter of households in survey are struggling to pay bills such as fuel and food.
“How to haggle for the best deal, from broadband to travel”
The lowdown on negotiating discounts on everything just by asking for a lower price.
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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.