Savings

New coalition government outlines business and tax proposals

The UK’s first full coalition government since the Second World War is set to introduce a series of new tax and business legislation.

Savers under the cosh

A combination of low interest rates and rising inflation has made it exceptionally tough for the UK’s savers.

Parents more inclined to give sooner rather than later

Increasing numbers of parents are giving money in advance to their children rather than leaving them bequests in their wills as a means of saving on inheritance tax.

Think-tank warns on tax rises and spending cuts

A leading think-tank has argued that none of the three main political parties has ventured far enough in identifying the sort of spending cuts and tax rises that may be necessary to reduce the UK’s budget deficit.

Companies make early dividend payments

UK companies brought forward over £840 million in shareholder dividend payments ahead of the end of the tax year.

New workers' pension scheme could 'deter' savers

The government’s new workplace pension scheme may be rejected by many of the employees it is deigned to help, the CBI has claimed.

Pension funds back in the black

The improving economic climate has seen the funds of the UK’s final salary pension schemes move into a surplus for the first time in nearly two years.

Huge numbers failing to save for retirement

Almost two out of three private sector employees are not saving for a pension, official figures have revealed.

The retired facing 'complex' tax regime

The tax system for people in retirement has been described as being too complex, and, as a result, too many older people overpay their taxes.

Drop the compulsory retirement age, says Equality Commission

Employees should be allowed to continue working after the age of 65, the Equality and Human Rights Commission (EHRC) has argued.

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