Pension lifetime allowance cuts on the horizon
New HMRC statistics show the lifetime allowance continues to be a useful revenue earner for HM Treasury, but rumoured cuts at the next Budget could be a concern for soon-to-be retirees. Source: HMRC. In the March Budget, the Chancellor announced … Continue reading
Social care rises up the agenda
A proposal to address social care funding is apparently imminent. “My job is to protect you or your parents or grandparents from the fear of having to sell your home to pay for the costs of care. And so I … Continue reading
2021: six months down…
The first six months of 2021 have been rewarding for investors, but the next six are uncertain. Index 2021 Change FTSE 100 +8.93% FTSE All-Share +9.21% Dow Jones Industrial +12.73% Standard & Poor’s 500 +14.41% Nikkei 225 +4.91% Euro Stoxx … Continue reading
The wrong type of ISA?
New statistics from HMRC show over £300bn invested in cash ISAs. Source: HMRC. One of the many knock-on effects of the pandemic has been that HMRC’s annual updating of statistics has suffered delays. As a result, details of ISA subscriptions … Continue reading
The £9 billion Child Trust Funds backwater
Over £9 billion was invested in Child Trust Funds (CTFs) as of April 2020, according to new HMRC data. If you have a child or grandchild born between 1 September 2002 and 2 January 2011, they were almost certainly the … Continue reading