Finance in the News – w/c 27.01.20

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

FINANCIAL TIMES

“Third year of record UK corporate dividends”
Rise in pay-outs to investors the result of a struggling sterling.
“Unarranged overdraft fees set to fall”
Financial regulator orders banks to simplify rates for customers.
“Pensions boost for Britons living in the EU”
Pledge issued following passing of the Brexit withdrawal agreement.
“How fees eat into passive fund investments”
19 financial providers put to the test over two years.
“Property sellers face reduced tax deadline”
Experts warn ‘seismic change’ could lead to penalties for buy-to-let landlords.
“Resolve to sort out your pension in 2020”
Your workplace retirement savings scheme deserves special attention.

THE TIMES

“Tax tips of Britain’s wealthiest”
What can we learn from the ways the UK’s richest manage their finances?
“Beware the nine-month capital gains tax trap”
People who are relocating or stuck in a chain when moving house could be caught out by changes to capital gains tax (CGT) coming into effect in April, experts have warned.
“Use ISAs and a pension and you won’t do time for the Revenue”
But beware the thin line between avoidance and evasion — property owners, in particular, must take care not to cross it.

THE TELEGRAPH

“I’m using life insurance to cut £100k off my kids’ inheritance tax bill”
New inheritance tax (IHT) rules being introduced in April will allow families passing on property to their children to hand down up to £1m tax free.
“I burned through £300k on my mum’s care – no one told me what I should do”
The average cost of a care home place has ballooned over the past decade to nearly £900.
“Why pensioners can’t afford to stop investing in oil”
Can savers truly afford to put their money into exclusively ethical investments?

THE GUARDIAN / OBSERVER

“Not fit for purpose’: tax glitch putting pensions of self-employed at risk”
Accountant says HMRC did nothing to fix national insurance issue in self-assessment system.
“Brexit. What will it mean for your money? Key questions answered”
From pensions to studying, here’s what will happen after the UK leaves at 11pm on Friday.

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

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