A third deadline for topping up State Pension entitlement is now coming into view. “Don’t it always seem to goThat you don’t know what you got ’til it’s gone?” The words of Joni Mitchell’s Big Yellow Taxi, recorded over half a century ago, always come to mind when deadlines loom. Whether it is filing tax […]
Rebalancing is the practice of realigning the components of a portfolio of investments back to a target allocation from which it has drifted away. Naturally, the process is contrarian and results in selling the things that have done well and buying more of what has done less well. To some, this may feel painful, but […]
Investors in cryptocurrencies like bitcoin should not forget the tax consequences of their digital wallets, says HMRC. HMRC regularly boosts tax receipts by nudging taxpayers who are suspected of filling out their tax returns incorrectly or failing to submit a return when one is due. The warning, sent as a ‘nudge’ letter, often stems from […]
With a ‘black hole’ of £22 billion to fill, there are plenty of groups giving Rachel Reeves advice. The Fabian Society published a report on taxation on August Bank Holiday Monday. While their main audience is in Scotland, which has its summer bank holiday at the start of August rather than at the end, the […]
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 going to change was a consistent commitment in the election manifestos of all major political parties – Labour, Conservative and Liberal Democrats. In truth, once one party had nailed its […]
The pension challenges facing western governments are also confronting the world’s second most populous country. At what age should the state start to pay a pension? The question is a challenge to all governments, whether democratic or otherwise. There are two main drivers, at opposite ends of life: Life expectancy. Unless state pension ages increase […]
