Short summaries of articles we think you will find useful from some of the weekend’s broadsheets.
“Divorce: dividing up the family home”
Property is the biggest asset for most couples, leading to no end of complications when they split.
“Death can be an expensive business”
One third of over-55s don’t even have a will — but they can get one for free in October.
“Wealthy families continue to ditch trusts”
The number of trusts falls for the fourth year in a row.
“£43m lost to reported investment scams in the first half of 2019”
‘Push payment’ and business cheque frauds rocketing.
“Thousands more hit by tax penalties for breaching annual pension allowance”
£812m paid into pensions breached the annual limit in 2017-18.
“The investment risks of unintended consequences”
Bad things will inevitably happen — just don’t overreact to them.
“Married landlords should consider owning as tenants in common”
The way you own a home for rent can save you a lot.
“Pension tax relief is a mess — the government must take action”
Figures from the Financial Conduct Authority (the City watchdog) and HM Revenue & Customs suggest that the pension tax regime is beyond the understanding of almost everyone. As a side-effect of these complexities, the system is becoming a disincentive to save — at a time when the British are not putting enough cash aside.
“Ethical investments: what to choose for a greener future”
The Times looks at companies that are having a positive effect on the environment — and portfolio returns.
“Cash or mortgage: what’s the best investment strategy for buy-to-let landlords?”
Those investing in property to fund their retirement or to generate additional income have seen their returns squeezed in recent times as favourable tax breaks have been withdrawn.
“Savers suffer bonfire of fixed-term bond rates”
Savers who want to take out new bonds are struggling to find decent rates, as banks are increasingly cutting interest or pulling deals from sale.
“How investors can prevent the next Thomas Cook”
The demise of Thomas Cook means as investors there are lessons to learn from this latest corporate failure.
“Five figures that show why you should be worried about pensions”
New data suggests many Britons aren’t saving enough to have a comfortable retirement.
“’I sold our house and gave away our stuff’. The minimalists doing more with less.”
Growing numbers of people, partly inspired by Marie Kondo, are ditching consumerism for a simpler life.
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Stamp Duty Land Tax (SDLT) rates for additional residential properties have been increased from three percentage points above the standard residential rates of SDLT to five percentage points above the standard residential rates of SDLT for any transactions which take place on or after 31 October 2024.
Below is a summary of the rates which applied from 23 September 2022 – 30 October 2024 to additional properties versus the new rates with effect from 31 October 2024.
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