- Self-employed workers are on course to a pension saving crisis as they cannot afford to save for their retirement, with nearly half having no pension at all and a third relying solely on the state pension, according to research from Prudential
- It’s important for retailers to be aware that MPs are considering increasing the price of the “plastic bag tax” to 10p – and no shop will be spared.
- With the start of university terms, cash-strapped students who have been working over the summer are being reminded to make sure they have not overpaid tax and, if they have, to claim a refund from HMRC
- The government has announced that it is not going to proceed as planned with the abolition of Class 2 national insurance contributions (NICs), which was originally scheduled for April 2018, then delayed to April 2019
- The government is considering whether to reinforce the rules on dividend pay-outs and distributions to give stronger reassurances to shareholders and prevent dividends from undermining the viability of a company, what this will mean -if anything – for you is unknown at this stage so look out for further future news
- A pressure group for people on low incomes has warned that the government’s Help to Save scheme may penalise those who are forced to withdraw funds to pay for unexpected expenses
- The UK’s State Pension officially the worst in the world – but still needs to be cut further.
Middle income groups receive worse pensions than any other country in the OECD.
Government actuaries say under-30s won’t get state pension till their 70s as new State Pension system is unaffordable.
- Businesses are struggling with the newly introduced ‘check challenge appeal’ (CCA) system for business rates, with the majority reporting dissatisfaction with the ‘cumbersome’ processes for checking and challenging ratings valuations.