A long-awaited event happened in mid-December. The mid-December front pages of the national press were pre-occupied with the launch of a rocket from Kazakhstan containing Tim Peake, the UK’s first European Space Agency astronaut. At virtually the same time, the … Continue reading →

The government has set out further details about the secondary annuity market.   In last March’s Budget the Chancellor launched a consultation considering how existing pension annuity holders would be able to sell their annuity in return for a taxable … Continue reading →

National Savings & Investments (NS&I) has announced reinvestment terms for the 65+ bonds that were so popular a year ago. In his March 2014 Budget, the Chancellor promised that in January 2015 NS&I would launch “market-leading savings bonds for people … Continue reading →

More details have emerged about the forthcoming personal savings allowance. Draft clauses of the Finance Bill 2016 were issued in December, helping to keep tax aficionados amused over the festive season. They were accompanied by a raft of explanatory material, … Continue reading →

The basic state pension will rise by nearly 3% next April. The Autumn Statement confirmed that the basic state pension will rise by £3.35 a week to £119.30 a week from next April. The increase of 2.9% is the result … Continue reading →