High-income parents may be failing to take advantage of a tax planning quirk which can save thousands of pounds a year in child benefit.
There is a specific relief that relates to certain agricultural property situated in the UK, Channel Islands, Isle of Man and in the EEA (European Economic Area). Qualifying agricultural property can be passed without inheritance tax as a lifetime gift or upon death.
Over a million women in their early 60s are worse off after changes to the state pension age. Read our article in full on why older women are poorer…
The old age adage that a business is only as valuable as its employees is an important one to have to remember when it comes to insurance. Protecting people in your business is essential and this guide to the financial protection for the people that make your business success is sure to help you.
A companies workforce is one of the most important investments it will make & choosing the right insurance package is a crucial way of protecting that investment. Changes to your workforce can have dramatic effects on a business’ ability to operate, from removing key expertise to inadvertently damaging important relationships.
A tailored business insurance policy will offer both the wider business and the individual employees financial protection in the face of unforeseen occurrences.
Money Management March 2017 report government measures that will distort childcare costs with a family earning the national average spends up to 1/3 of their net income on childcare costs, according to the IEA (Institute of Economic Affairs).
The government currently spends well over £7 billion a year on childcare benefits. The IEA claims that current government subsidies, such as the free hour’s entitlement, have distorted childcare prices & made childcare much more expensive.
As well as pushing childcare prices up, the IEA believes that government interventions have significantly reduced parental choice & not produced an improvement in childcare quality.
Len Shackleton, editorial and research fellow at the Institute of Economic Affairs, said:
“Regulation has led to an excessive formalisation of childcare & preschool, which has not only pushed up the subsequent costs but paid scant attention to parental choices.
“Many families may not wish to partake in the structural form of preschool that the government requires as standard.”
The different types of personal pensions and what to consider when deciding if a scheme is suitable for you.
Personal pensions are pensions that you normally arrange yourself rather than through your employer.
They are almost always defined contribution schemes and as such work in much the same way as the defined contribution schemes offered by employers.