US interest rates go up, but the UK bides its time

The US central bank, the Federal Reserve, has increased interest rates for a third time. This might look like a piece of modern art, but it’s not. The illustration above is what has become known as the “dot plot”. Each … Continue reading

Introducing the new NS&I bond – is that it?

The Budget confirmed the rate on the new National Savings & Investments Bond. 2.2% That is the fixed rate on the “welcome break for hard-pressed savers” which Mr Hammond confirmed in last month’s Budget. The new NS&I three-year fixed rate … Continue reading

Another notch up in State Pension Age

An independent review has recommended bringing forward the move to a state pension age of 68. There was a time when men received their state pension from age 65 and women from age 60. Those numbers may still be locked … Continue reading

Time to review your salary sacrifice arrangements?

New rules for taxing many salary sacrifice arrangements come into force from 6 April. One of the employment trends of recent years has been to make employee remuneration more flexible. Instead of pay and, if you were lucky, a company … Continue reading

The dividend allowance cut – what’s the damage?

One of the few surprises in the March Budget was a cut to the dividend allowance to come in 2018/19.   The dividend allowance first saw the light of day in the post-election Budget of July 2015. It was designed primarily … Continue reading