The King's speech earlier this year announced the creation of a new Pensions Bill. The Bill aims to increase the range of investment options for pension funds and to improve the retirement outcomes for future pensioners.Emma Reynolds, the current Minister for Pensions, made the following comments at a recent address to the ABI "Pension Investment:…
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Will she, will she not?
There is an ongoing discussion in Treasury circles, fuelled by lobbying from public sector unions, that the recent public sector pay deal may sideline any possible reduction in higher rate tax relief in the forthcoming budget.The Chancellor's upcoming Autumn Budget 2024 is expected to address the need for fiscal savings, and the vast costs of…
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Tipping laws come into force
From 1 October 2024, you can be reasonably sure that when you leave a tip or pay a service charge your largesse will benefit the establishment staff, not the business owners.The following update is reproduced from a news story released by the Department for Business and Trade."From Tuesday 1st October, millions of hard working and…
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Young people urged to cash in their government savings pot
More than 670,000 18-22 year olds, yet to claim their Child Trust Fund, are reminded to cash in their stash as HM Revenue and Customs (HMRC) reveals the average savings pot is worth £2,212.Child Trust Funds are long term, tax-free savings accounts which were set up, with the government depositing £250, for every child born…
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