Chancellor hints at lowering the annual allowance

The annual allowance on pension tax relief is expected to be cut in Budget 2018, according to predictions from Royal London. In a recent speech, Chancellor Philip Hammond said the cost of pension tax relief is "eye-wateringly expensive", adding to speculation that it...

Treasury eyes ‘off-payroll’ crackdown

The Treasury is adding the finishing touches to revamped tax rules which in their current form are seen as enabling the self-employed to pay less in national insurance contributions, according to the BBC. Self-employed people who set up private companies to take on...

CBI makes post-Brexit recommendations

The Chancellor should announce a substantial financial package in the upcoming Budget to prepare businesses for life after Brexit, according to the Confederation for British Industry (CBI). In its pre-Budget letter to Philip Hammond, the CBI called on the Chancellor...

Christmas party tax break

Festive decorations and mince pies are appearing in shops around the UK, perfume adverts have popped up on every other bus stop, and the Coca-Cola truck is being buffed and polished as we speak. Yes, like or loathe it, Christmas is around the corner. With it comes the...

Protection for individuals

However much meticulous financial planning you've carried out, there will still be some things you can't predict. Unexpected costs in the event of a crisis or disruption to your income could not only affect your current finances, but could also have a knock-on effect...