Saving & Investing

The summer Budget 2015 includes an increase in the personal allowance and inheritance tax

The chancellor also said that pensions tax relief may change and public sector pay will rise by 1% a year for four years

In the second Budget of 2015, the chancellor announced a range of changes to pensions, tax relief for buy to let investors, car tax, tax credits, changes to car tax, buy to let and the rent a room scheme

The FSCS savings compensation scheme limit is falling to £75,000

If you have more than £75,000 in a bank or building society, you may not be covered by the savings compensation scheme from 2016Currently, up to £85,000 of savings are protected – that’s money you can have in any one bank or building society (or credit union), or money that’s spread between different banks or building societies if they share a banking licence/authorisation from the regulator

Autumn Statement 2013: what are the key points?

Article kept for archive
The big headline from the Autumn Statement is that the state pension age is likely to rise to 68 in the mid 2030s, which could affect anyone born after 1967