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Last Posted: 18-May-2017 | Total Posts: 168

Small businesses unprepared for serious illness

Thursday, May 18, 2017
More than half of small businesses (53%) say that they would close within a year if a key member of staff died or became critically ill according to new research from Legal and General. The company polled over 800 small businesses for its State of the Nation’s SMEs report and found  

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Pension Schemes Bill gets Royal Assent

Thursday, May 18, 2017
The new Pension Schemes Act 2017 will drive better standards for master trusts. While some pension-related changes, such as updates to the Money Purchase Annual Allowance, have been put on hold because of the General Election, the new Pension Schemes Bill received Royal Assent – just 

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Tax changes cancelled – for now

Thursday, May 18, 2017
As preparation for the general election gets into full swing, tax changes to workplace pensions have been removed from the Finance Bill 2017. They will not go ahead in the short term. In the recent Budget, chancellor Philip Hammond announced that the Money Purchase Annual Allowance (MPAA) 

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Tax-free childcare launches

Thursday, May 18, 2017
Working parents with children under the age of four on 31 August 2017 can now apply for Tax-Free Childcare. The new service, which currently offers an alternative to employer-sponsored childcare vouchers, launched on 21 April 2017. For every £8 parents pay into their accounts, they& 

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Cash withdrawals from pensions remain high

Thursday, May 18, 2017
A total of over £10bn has been withdrawn in cash from defined contribution pensions since new flexibilities were introduced in April 2015. HMRC has released details of cash withdrawals from pension pots during the 2016/17 financial year, as a part of the ‘freedom and choice&rsq 

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On your bike: Cycling to work ‘cuts risk of heart disease and cancer’

Tuesday, May 09, 2017
Cycling to work is associated with a 45% lower risk of developing cancer and a 46% lower risk of heart disease compared to a non-active commute, research suggests. The risk of dying prematurely from any cause is 41% lower. The study, by experts at the University of Glasgow, found that  

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Tax-free childcare launches

Tuesday, May 09, 2017
Working parents with children under the age of four on 31 August 2017 can now apply for Tax-Free Childcare. The new service, which currently offers a tax-efficient alternative to employer-sponsored childcare vouchers, launched on 21 April 2017. For every £8 parents pay into their ac 

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Probate changes canned

Wednesday, May 03, 2017
New rules that would have caused sharp increases in some probate fees have been dropped ahead of the general election. The Ministry of Justice has shelved the controversial new rules that would have seen fees of as much as £20,000 levied on large estates worth over £2m - but wo 

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Check your tax facts

Wednesday, May 03, 2017
Scottish Widows has released a new handy ‘tax facts’ reference guide that will help customers get to grips with their tax situation for 2017/18. The guide covers everything from main income tax through to capital gains tax and inheritance tax. You can download a copy from Scott 

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Investment round-up

Wednesday, May 03, 2017
Will past, present and future elections drive greater volatility? Theresa May’s surprise announcement that there would be a general election on 8 June 2017 drove a rise in the value of sterling with the pound rising against the dollar by 2% across the week after the announcement &nd 

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