Is it still worth saving into a pension if tax relief changes? Q: How does pension tax relief work now?Pension tax relief refunds the income tax you’d otherwise pay on your contributions, making saving for retirement cheaper. Investments grow tax-free, and 25% of your...
“Deputy Prime Minister Angela Rayner’s memo to the Treasury outlines a series of proposed tax increases, many of which would directly impact savers, investors, and high earners. The suggestions include raising the bank surcharge, scrapping inheritance tax relief...
“Chancellor Rachel Reeves is proceeding with the establishment of the Office for Value for Money (OVfM) despite concerns from MPs about its effectiveness. The Treasury aims for the unit to identify £4bn in annual savings, starting with reducing the costs of...
“British businesses are facing unprecedented pessimism, with confidence levels now lower than those in heavily sanctioned Russia. Following Chancellor Rachel Reeves’s £40bn tax hike, companies are bracing for stagflation, job cuts, and shrinking profits. The...
Nigel Holland *”Britain’s high streets are facing a deepening crisis as consumer confidence plummets to a record low. The British Retail Consortium reports that economic expectations have worsened for the fifth consecutive month, with retailers bracing for cost...
