Rishi Sunak defends income tax raid on low and middle earners

Budget 2021 at a glance Here are the main points of Rishi Sunak’s Budget: Office for Budget Responsibility (OBR) predicts economy will return to pre-Covid levels by the middle of 2022, six months earlier than previously thought. OBR forecast economy will grow this year by 4 per cent, by 7.3 per cent in 2022, then … Read more

Rishi Sunak to raise income tax, corporation tax and place levy on online deliveries after Covid

Rishi Sunak could launch a tax raid on online businesses – including a green tax on deliveries – as part of plans to replenish the country’s coffers in the wake of the Covid pandemic. The Chancellor is reportedly looking to ‘level up the playing field’ between online and high street businesses as part of a series … Read more

BMO MANAGED PORTFOLIO: Income AND growth

BMO MANAGED PORTFOLIO: Income AND growth in a trust with a twist By Jeff Prestridge, Financial Mail on Sunday Published: 21:52 GMT, 27 February 2021 | Updated: 21:52 GMT, 27 February 2021 Investment trust BMO Managed Portfolio is an unusual beast. Under its umbrella sits two portfolios, designed for income and growth investors respectively, that … Read more

Events industry urges Rishi Sunak to help it ‘avoid collapse’ as 93% of workers see income plummet

The live events industry has launched a hard-hitting campaign highlighting the turmoil its workers are going through,  and urging the Government to act now and safeguard the sector’s future. The campaign, ‘The Government Can’t See Us, Can You?’ or #GovCantSeeUs, shows the devastation the coronavirus pandemic has wrought on the live events supply chain.  Professionals … Read more

SECURITIES TRUST OF SCOTLAND: Income is still essential

SECURITIES TRUST OF SCOTLAND: All change at £200 investment fund, but income is still essential By Jeff Prestridge, Financial Mail on Sunday Published: 21:52 GMT, 13 February 2021 | Updated: 21:52 GMT, 13 February 2021 It has been all change at Securities Trust of Scotland, at £200million investment fund with a global income mandate.  Since … Read more

How to invest a £100K lump sum for income to supplement pension with minimum risk

My wife’s grandmother has a spare £100,000 that she wants to earn some income from to supplement her state pension. She has no private pension and is fed up with terrible savings rates. She does have more cash savings that will be kept separate, but she wants to get this money working harder, earning at least 3-to-5 … Read more

Income far higher than you’ll get from the bank…dividend payouts

Searching for a decent income from your savings and investments has rarely been more challenging. In climbing terms, it is more akin to summiting the ferocious K2 mountain in midwinter (as some brave hearts have just thrillingly done – please get down safely) than indulging in a spot of fell walking in the Lakes (lockdown … Read more

Divorce hits women’s income TWICE as hard as men’s, research suggests 

Divorce hits women’s income TWICE as hard as men’s: Wives’ finances plunge by a third after marriage ends, research suggests The Legal & General pension group released the research findings yesterday  It said many women earn less than men and do not insist on taking a share of their former partner’s pension  This decision often … Read more

Katie Price reveals 29-stone son Harvey will launch his own 7XL clothing range to ‘have own income’ 

Katie Price has revealed that her eldest son Harvey is set to launch his own clothing range with a plus sized brand he often wears. The former glamour model, 42, explained how she wants him have the collection so he’s got something ‘long-term’ to do and also so he’s ‘got an income himself’.  Harvey, who … Read more

The top green investment trusts: Earn income of more than 5% from wind and solar projects

The second in a series of articles investigating growth sectors, developing technologies and niche themes that adventurous private investors can back in their Isas – and how they might do so. The first, on open-ended funds in the environmental sector, is here. The UK’s energy mix is in the process of transitioning from coal and gas … Read more