Don’t forget your new £20,000 Isa allowance: Looking beyond the big banks could boost returns eightfold The new tax year means a new allowance which can be spread across 4 accounts Savers can currently save £250,000 without paying tax on interest due to rates However rates could rise and Isas remain important for preserving your … Read more
Don’t forget your new £20,000 Isa allowance: Look beyond the big banks and you could boost your returns eightfold By Sylvia Morris For The Daily Mail Published: 22:01 BST, 6 April 2021 | Updated: 22:54 BST, 6 April 2021 With the new tax year comes a new £20,000 tax-free Isa allowance. For those keen to … Read more
The Chancellor is hoping to save £250million a year by curbing pension tax breaks for better-off workers, according to reports on his plans for next week’s Budget. Rishi Sunak is considering freezing the lifetime allowance, the total amount you can pay into a pension and still get tax relief, at £1,073,100 for the rest of … Read more
I’ve got a £1m-plus pension at age 48: Is it worth paying in more now I’ve hit the lifetime allowance limit? Steve Webb replies By Steve Webb for This Is Money Published: 08:42 GMT, 28 December 2020 | Updated: 09:01 GMT, 28 December 2020 I’m in the very fortunate position of having run up to … Read more
‘What is he, 12?’ EastEnders fans express their shock as Peter Beale asks his father Ian for an allowance at the age of 26 By Sean O’grady For Mailonline Published: 14:11 BST, 20 October 2020 | Updated: 14:31 BST, 20 October 2020 EastEnders fans were surprised during Monday night’s episode as it was revealed Peter … Read more
I am a carer for my husband who has had three strokes. I wasn’t aware that I could claim my state pension, but when I did many thousands of pounds were deducted from the backpayment. I am still a carer looking after my husband, but am no longer entitled to a carer’s allowance because I … Read more
I retired with £1.4m but want to work again: Will I take a tax hit if I start a new pension now? Steve Webb replies By Steve Webb for This Is Money Published: 08:29 BST, 10 August 2020 | Updated: 08:29 BST, 10 August 2020 I protected my Lifetime Allowance at £1.5million and started taking … Read more
Lords a-leaping to vote from home after being allowed to claim £162-per day allowance while isolating due to coronavirus Average number of peers voting since change is 497, according to new figures This figure is 137 higher than 360, the average for the past five years Some 561 of more than 800 peers voted on … Read more
Double the Isa allowance to £40k, says investment boss, and encourage savers to ditch cash for backing British firms to help them rebuild Fund manager boss says firms with rescue loans will need to clear their debts Standard Life Aberdeen will invest in British companies to help them do this Boss Keith Skeoch says savers should … Read more
The confusing array of inheritance tax rules on giveaways to loved ones should be swept away and replaced with a single ‘personal gift allowance’, say Government officials. The ‘seven-year’ rule for large gifts, which means that if you survive the money gradually becomes free of inheritance tax, should be axed in favour of a set … Read more