News

The Pensions Regulator has announced that the number of employers meeting their workplace pension duties has reached one million and that statistics show that approximately 9.3 million people are saving into a pension. TPR’s Director of Automatic Enrolment, Darren Ryder, said: ‘I am delighted we have reached this important landmark, which shows how far we have come since the ...

Families who are incorrectly filling in homemade Wills could be disinheriting their children. So-called ‘Do-It-Yourself’ kits have grown in popularity over recent years, namely because of the reduced cost. Tempted by the price of just £20 in some cases, an increasing number of people are choosing to consolidate their final wishes using a DIY kit, or are at least attempting to. ...

IHT

HMRC have announced that they have stopped thousands of taxpayers from receiving scam text messages ‘with 90 percent of the most convincing texts now halted before they reach their phones’. HMRC’s press release states: ‘Fraudsters alleging to be from HMRC send text messages to unsuspecting members of the public. In these messages they will make false claims, such as suggestin ...

Tax

With the end of the tax year looming there is still time to save tax for 2017/18. We have set out some points you may want to consider. • Make full use of your ISA allowance - ISAs can offer a useful tax free way to save, whether this is for your children's future, a first home or another purpose. Individuals may invest up to a limit of £20,000 for the 2017/18 tax year. A save ...

Tax

The implementation of Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, is being rolled out to eligible parents in stages. The scheme first made its debut in April 2017 and although there have been initial systems problems, HMRC’s aim is to have the scheme open to all eligible parents by 14 February 2018. Application is made onli ...

Tax

We had two Budgets in 2017 and the Spring Statement is planned for Tuesday 13 March. The Chancellor Philip Hammond has previously stated that at the Spring Statement he will respond to the Office for Budget Responsibility forecast, consider longer-term tax challenges and start consultations on how they can be addressed. The government has the option to make immediate changes to ...