Recent data has revealed that inheritance tax (IHT) receipts reached a record level in the 2022/23 tax year. Every month the government publishes data that sets out HMRC’s cash tax receipts in detail. The data issued in late April provided the first set of figures for the sums raised in the 2022/23 tax year. This […]
The government has announced a new initiative to counter fraudulent activity, particularly in the financial sector. You might not be surprised to learn that fraud is now the most common crime in England and Wales, although you may not be aware that it accounts for more than 40% of all crime. The growth in […]
An announcement in late May will herald a fall in gas and electricity bills from July. Remember the Ofgem price cap? A little over a year ago it was the headline grabber, with the news that the so-called utility price cap set by Ofgem would be rising in April 2022 from £1,277 a year […]
Dreaming about the retirement you want is one thing, but it can be difficult to understand what funds you’ll need to finance these dreams and how this compares to the income you can expect to receive from your pensions and investments. It’s even harder to keep track when the cost of living is spiralling. Setting […]
An estimated 3.6 million people aged 50 to 64 are economically inactive, 300,000 higher than pre-pandemic1. With growth a major focus of the Spring Budget, there’s little doubt that the country’s economic growth will partly be reliant on getting the over-50s back to work. Maybe you’ve taken early retirement but are having second thoughts? If […]
Action Fraud has published new data showing that in the last financial year, it received 6,457 reports of holiday fraud, amounting to over £15m lost. Victims reported losing a total of £15,319,057, a 41 per cent increase on last year’s results, which amounts to an average loss of £2,372 per victim. From May – August […]
