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HMRC still trying to give away money in unclaimed CTFs
HMRC is uncharacteristically keen to give money away, reminding young adults again that they may be due unclaimed child trust funds...
Michael Hill
Nov 29, 20242 min read


The Autumn Budget – a brave new tax world
Chancellor Rachel Reeves’ first Budget was a significant one in all senses. “…this Budget delivers a large, sustained increase in...
Michael Hill
Nov 22, 20242 min read


The cryptic arm of the taxman
Investors in cryptocurrencies like bitcoin should not forget the tax consequences of their digital wallets, says HMRC. HMRC regularly...
Michael Hill
Nov 15, 20242 min read


Pension crisis reaches China
The pension challenges facing western governments are also confronting the world’s second most populous country. At what age should the...
Michael Hill
Nov 8, 20242 min read


An update on cash savings
Financial Conduct Authority (FCA) publishes a review of the cash savings market following evidence of some dubious tactics at work. Table...
Michael Hill
Nov 1, 20242 min read


The 2025 State Pension increase
We now have a clear understanding of how much the main State Pension will increase next April. That the State Pension triple lock was not...
Michael Hill
Oct 25, 20242 min read


How to raise £10,000,000,000
With a ‘black hole’ of £22 billion to fill, there are plenty of groups giving Rachel Reeves advice. The Fabian Society published a report...
Michael Hill
Oct 18, 20242 min read


Capital gains tax: a minority sport?
Will increased capital gains tax (CGT) mean less tax gets paid? Source HMRC The Labour Party’s 2024 manifesto said, ‘We will not increase...
Michael Hill
Oct 11, 20242 min read


2024 – the year of two Budgets
Many chancellors ago, in November 2016, Philip Hammond announced an end to spring Budgets and their replacement with autumn Budgets. At...
Michael Hill
Oct 4, 20242 min read


The taxing cost of pensions
HMRC has updated its estimates for the cost of pension tax relief. Rachel Reeves will have taken note ahead of her first Budget on 30...
Michael Hill
Sep 27, 20242 min read


Interest rates start to fall
August saw the first cut in UK interest rates since March 2020. Source: Bank of England On 1 August, the Bank of England cut its bank...
Michael Hill
Sep 20, 20242 min read


The case for holidays for investors
August started with sharp gyrations on global stock markets. It was a good time to be on holiday. Source: Investing.com  It was once...
Michael Hill
Sep 13, 20242 min read


Help your favourite charity and save tax
‘Tick the Gift Aid’ box to boost your donation to charity and save some tax. The number of national and international calls on our...
Michael Hill
Sep 6, 20242 min read


Prepaying / repaying student loans
Are student loans something to avoid? With the 2024/25 academic year on the horizon, student finance is again a hot topic for many...
Michael Hill
Aug 30, 20242 min read


Pension decisions for the new government
Autumn won’t leave much time for the new government to settle before important pension policy decisions need to be made. When MPs return...
Michael Hill
Aug 23, 20242 min read


The taxpayer club – have you joined?
New data from HMRC show growing numbers of income taxpayers paying above the basic rate. Source: HMRC The club that all members want to...
Michael Hill
Aug 16, 20242 min read


Opening the books – the government’s spending inheritance…
The date of the next Budget has been announced, accompanied by the new Chancellor’s warning about government finances. Chancellor Rachel...
Michael Hill
Aug 9, 20242 min read


Light my FIRE – could you really retire early?
Do you dream of retiring much earlier than your peers? Many ideas which originated in the US have made their way across the Atlantic. The...
Michael Hill
Aug 2, 20242 min read


Take a deep breath in a year of elections
Market responses to elections should be treated with caution. Source: Investing.com 2024 is a year of elections around the globe – in...
Michael Hill
Jul 26, 20242 min read


Heading down on interest rates?
Central banks around the world are beginning to cut interest rates with the European Central Bank leading the way. Source: US Federal...
Michael Hill
Jul 19, 20242 min read
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