The Lifetime Individual Savings Account (ISA) is a longer term tax-free account that receives a government bonus. The accounts will be available from 6 April 2017. HMRC have produced a helpful guide on the account. Some of which is reproduced below:
Read storyHundreds of thousands of savers have cashed in £9.2 billion from their pension pots since pension freedoms were introduced in April 2015.
Read storyHMRC have released a list of the most outlandish items which have been claimed as expenses. These include:
Read storyWith two Budgets in 2017, and the Spring Budget scheduled for Wednesday 8 March 2017, the Confederation of British Industry (CBI) have written to the Chancellor Philip Hammond outlining what they would like to see in the Budget proposals.
Read storyWith the end of the tax year looming there is still time to save tax for 2016/17. We have set out some points you may want to consider.
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