Rishi Sunak has undoubtedly made a name for himself as Chancellor of the Exchequer during these difficult times. As we move towards the next budget on 3rd March, there are rumours, counter rumours, and speculation about what may or may not happen. We all know that tax increases are inevitable at some point, but is it too soon for the government to increase tax rates?
The subject of pension savings is something we should all consider well before retirement hits us. The earlier you start saving for your pension, the more significant your accumulated pension contributions and the greater the potential capital appreciation. While much will depend upon the standard of living you can realistically afford, there are some useful indicators about the level of pension savings required.
When it comes to money and putting it away for your pension, it can be tempting to make savings any which way you can. However, when it comes to pensions and retirement, it can sometimes be prudent to pay for a financial advisor for their expert knowledge. Doing so can help you make the most of your funds and may ultimately leave you with more money in the long run.
Inheritance tax is one of the most discussed taxes in the UK. While inheritance tax divides opinion, many aspects of it are still shrouded in mystery and myth. There are several persistent myths people continue to hold on to when it comes to inheritance tax.
Earlier this month, the Bank of England made a series of announcements after its Monetary Policy Committee meeting. It said it was keeping interest rates at a historic low of 0.1% amidst the Coronavirus pandemic. Most notably, it also announced that high street banks and building societies should be aware of the potential for negative interest rates.