Capital gains tax raised £16.7 billion in 2021/22, according to HMRC – a 15% increase over the previous year. But what lies behind these statistics? Source: HMRC In early August media outlets reported that the government had raised a record … Continue reading →

As interest rates continue to rise, we need to consider why. Source: Bank of England, National Statistics Cast your mind back to July 2020. Covid-19 was creating massive social and economic disruption, reflected in a Bank of England interest rate … Continue reading →

Is Downing Street really planning to abolish inheritance tax? Source: HMRC Shortly before the so-called ‘silly season’ (Parliament’s summer recess) got underway, several newspapers carried stories that Downing Street was considering the abolition of inheritance tax (IHT) in an attempt … Continue reading →

You do not have to take your state pension at state pension age. The current state pension age (SPA) – the earliest age at which you can draw your state pension – is 66. It will be gradually increased to … Continue reading →