George Osborne delivered his first Budget as Chancellor, what does it mean for your finances?
The chancellor promised a Budget that would be ‘tough but fair’. What's your verdict?
Well, it seems that families will bear the brunt of the cuts announced in today's Budget. Child tax credits will be restricted to couples or individuals earning less than £40,000 a year. The baby element of child tax credit will be abolished and child benefit will be frozen for three years. What do other measures announced in the emergency Budget mean for you?
What does the agreement by the Conservatives and Lib Dems mean for your finances?
The Conservatives and Liberal Democrats have already agreed on several key areas, but many other manifesto pledges are still to be decided.
The Conservatives and Liberal Democrats wasted no time in announcing an agreement on key tax, pensions, spending and banking regulation policies. However some other pledges, such as the Conservatives’ manifesto commitment to increase the inheritance tax threshold to £1 million, have already been abandoned. There’s also good news for victims of the Equitable Life mis-selling scandal as the coalition government announced they would receive compensation.
Do you know the difference between tax free, tax efficient and taxable? If not, read on....
There’s a saying in the finance world that you shouldn’t let the ‘tax tail wag the investment dog’. While it’s true that you shouldn’t make your investment decisions on the basis of saving tax, it is useful to have an understanding of which savings and investments are tax free and which aren’t. Some investments that look like they’re a great deal on the surface because they save you lots of tax may not be so good once you take a closer look.
