2 in 3 parents have made no provision for children

Most parents have made no legal provision to determine who would look after their children if they were to pass away, according to research. A study of 2,002 adults by Direct Line Life Insurance found that 65% of parents had not made any legal arrangements for this...

Quarter of over-55s unaware of pension tax

More than a quarter of people approaching retirement are unaware of the tax charge they will face if they withdraw their pension savings as cash. According to a survey of more than 2,000 over-55s by Legal & General, 27% believe they can access their pension pot...

IR35 reforms to be extended to the private sector

Contractors could face a higher tax bill from April 2020, when reforms to IR35 legislation are set to take effect in the private sector. This is expected to raise more than £3 billion between 2020 and 2024, as self-employed individuals who fall within the rules and...

Budget 2018: Reactions

Business rates relief for small retail businesses cut by a third from 2019 to 2021 Mike Cherry, national chairman at the Federation of Small Businesses, said: "Small businesses on our high streets that cannot get small business rate relief will be delighted with the...

Budget 2018: Expectations

Chancellor Philip Hammond is set to give his Budget speech on 29 October 2018, earlier than the usual date to avoid any clash with the final stage of Brexit negotiations. Brexit is one of the main pressures overshadowing Budget 2018, along with the question of how to...