Cash ISA Changes Add Market Complexity, Says Skipton CEO
Skipton Group CEO Stuart Haire argues that reducing the cash ISA tax-free ceiling creates unnecessary complexity while acknowledging the government's investment goals.
Category : Budget Finance
Australia's $5.4 Trillion Wealth Transfer Sparks Tax Reform Calls
Economists propose inheritance, property, and superannuation tax reforms to address inequality from Australia's massive intergenerational wealth transfer.
Low Understanding of Non-Cash ISAs Persists Among UK Savers
New analysis reveals UK savers have minimal knowledge of stocks and shares ISAs and other non-cash products, with many favoring cash despite inflation risks.
Reeves Under Fire for £6bn Send Costs in UK Budget
Chancellor Rachel Reeves is urged to clarify plans for £6bn-a-year special educational needs costs, as MPs warn of risks to the UK's financial buffer and market concerns.
State Pension Triple Lock Confirmed: £575 Annual Boost
Parliament has approved a 4.8% triple lock increase, raising the new state pension to £241.30 weekly and providing a £575 annual boost from April 6, 2026.
Salary Sacrifice Changes Could Affect Millions More
A former pensions minister warns that changes to salary sacrifice pension contributions could impact far more workers than HMRC estimates, with employers potentially responding by squeezing wages or cutting benefits.
Junior ISAs: Financial Planning for Kids
As the tax year end approaches, Junior ISAs offer parents a tax-efficient way to save for children's futures, with potential to offset student debt and build financial literacy.
HMRC's Help to Save Offers £600 Boost for Universal Credit Claimants
HMRC's Help to Save scheme provides a 50% government bonus of up to £600 for eligible Universal Credit claimants, with plans to expand eligibility from 2028.
HMRC Penalty Points for Late Tax Returns
HMRC is implementing a new penalty points system for self-assessment tax returns, replacing immediate £100 fines with points that accumulate before financial penalties apply.
UK Financial Changes: Alcohol Duty to Smart Meters
From alcohol duty hikes to smart meter compensation, discover nine crucial financial updates affecting UK households throughout February 2026.
Salary Sacrifice Rule Changes Hit Modest Incomes Harder
New OBR analysis reveals upcoming salary sacrifice pension changes could impact more workers than initially thought, with middle-income earners particularly vulnerable.
UK Inheritance Tax: Will You Give or Get?
The UK inheritance tax debate intensifies as families face potential changes. Will you be a giver or receiver of this controversial levy?
BoE Holds Rates in 5:4 Split, Bailey Casts Decisive Vote
The Bank of England's Monetary Policy Committee voted 5:4 to keep interest rates at 3.75%, with Governor Andrew Bailey using his casting vote. Despite rising unemployment and falling inflation, the majority opted for caution.
CGT Discount to Cost $250bn, Favours Wealthy
New Parliamentary Budget Office figures reveal Australia's capital gains tax discount will cost nearly $250bn over the next decade, with the top 1% of taxpayers receiving 60% of benefits. As Labor considers reforms, pressure mounts to address housing affo
Pension Minister: More Reforms Needed After Auto-Enrolment
Pensions minister Torsten Bell acknowledges auto-enrolment's success in doubling savings but warns more action is needed to address gaps in pension coverage and boost UK investment.
Premium Bonds February Draw: Winning Chances Revealed
Analysis of Premium Bonds February draw results showing prize distribution changes, winning probabilities, and comparison with traditional savings accounts for UK investors.
UK-US Aid Cuts Linked to Preventable Child Deaths
A new study finds that aid reductions by the UK, US, and other donor nations have contributed to avoidable child mortality in developing countries, highlighting the human cost of budget cuts.
Navigating Potential UK Interest Rate Rises
As speculation mounts over a potential interest rate rise, experts weigh in on the best strategies for individuals and businesses to prepare and adapt in the current economic climate.
Alcohol Duty Rise: Price Increases for Drinks
Rachel Reeves's alcohol duty increase comes into force, adding up to £1.10 to wine bottles and 2p to pints. Industry warns of inevitable price rises for consumers.
Alcohol Duty Rise: Beer, Wine & Spirits Prices to Increase
Chancellor Rachel Reeves's alcohol duty increase takes effect Sunday, raising taxes on wine, spirits, and beer. Industry warns of price hikes for consumers.
Chalmers: May Budget to Tackle Inflation and Strengthen Economy
Australian Treasurer Jim Chalmers outlines how the upcoming May budget will address inflation while boosting economic resilience, rejecting opposition claims and highlighting tax reform plans.
Inflation Threatens Labor Agenda, Treasurer Under Fire
Australian Treasurer Jim Chalmers faces mounting pressure as rising inflation questions government spending, potentially derailing Labor's second-term economic plans amid growing voter discontent.
Retirement Option Scrapped in Lifetime ISA Overhaul
The Treasury plans to overhaul the Lifetime ISA, removing retirement savings and changing bonus payments to support first-time buyers exclusively from April 2028.
Wealth Fund Boss Seeks Clarity in Public Finance
Oliver Holbourn, CEO of Rachel Reeves' National Wealth Fund, admits entrepreneurs need clearer guidance amid overlapping public finance institutions.
12.1M Brits Face £100 Tax Fine in Five Days
With the January 31 tax return deadline approaching, 12.1 million Brits risk £100 fines. Learn who must file, key thresholds, and how to avoid penalties.
£37bn Savings Possible Through Public Pension Reform
A new report reveals transitioning public sector pensions to defined contribution schemes could save taxpayers £37bn annually while addressing fairness concerns.
Public Pension Reform Could Save Taxpayers Billions
A new report reveals shifting public sector workers to defined contribution pensions could save £37bn annually while sending positive signals to bond markets about debt management.
Protect Your Pension from Trump's Market Impact
Donald Trump's tariff threats and geopolitical posturing create stock market turbulence that can wipe thousands from pension funds. Experts explain why staying invested with diversification is key.
UK Government Borrowing Falls to £11.6bn in December
Official figures reveal UK government borrowing fell to £11.6bn in December, better than expected, but debt interest remains high at £1 in every £10 spent.
UK Government Borrowing Reaches £140bn
Official data reveals UK government borrowing reached £140.4bn this financial year, creating challenges for Chancellor Rachel Reeves as she navigates fiscal rules and upcoming spending commitments.
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