Money News

Owner-managers should look at pensions

Government proposals to simplify the taxation of pensions will make it much easier to extract profit tax-efficiently from a business and owner-managers should take another look at their pensions.

Feb 5, 2004 | Money News

Find a helping hand-out

There is plenty of financial assistance for small firms. The trick is knowing where to look...

Feb 2, 2004 | Money News

Lender says house-price rises will slow

Mortgage lender Northern Rock yesterday said that house price growth would slow this year, as it shies away from lending to more risky first-time buyers.

Jan 29, 2004 | Money News

IFS warns of Brown's £13bn tax trap

Gordon Brown faces an unpalatable choice between a pre-election tax increase of up to £13bn or the loss of his reputation as a prudent guardian of the country's finances, Britain's leading tax thinktank said yesterday.

Jan 29, 2004 | Money News

Plans to reduce tax-free savings blasted

Government plans to reduce the amount people can save tax-free have been slammed by the Commons Treasury select committee.

Jan 26, 2004 | Money News

Alarm over house-price surge

An interest-rate increase is needed soon from the Bank of England to counter a looming threat to Britain's economic revival from huge household debts.

Jan 21, 2004 | Money News

UK told to slow down public spending

The Organisation for Economic Cooperation and Development last night tempered its praise for Britain's robust economy with a warning to the government that the hefty investment in public services is leading to waste and inefficiency.

Jan 21, 2004 | Money News

Small firms ignorant over pension proposals

More than half (55%) of small firms in the UK are unaware of the government's Pension Simplification Proposals.

Jan 20, 2004 | Money News

More pension, less tax

Boost your pension and you could cut your tax bill at the same time, providing you get your skates on.

Jan 16, 2004 | Money News

2004 and the e-invoice must now be accepted

Yet another EU directive came into force on 1st January 2004. Companies will have to accept e-mailed invoices.

Jan 13, 2004 | Money News

Taxman gets tough

The Inland Revenue has long abandoned its cuddly ‘Hector the Inspector’ image and is now pursuing what some critics see as a 'Lector the Inspector' strategy that will see it savaging those who forget to submit their returns on time.

Jan 12, 2004 | Money News

Housing market strength continues

New figures from the Halifax show the house price boom continuing - December's 1.8% increase giving a 15.4% gain for 2003. But that's down significantly from the 26.4% rise seen in 2002.

Jan 6, 2004 | Money News

Stockmarkets: don't dive in

When it comes to investing in the stock market don't dive in, simply because 2003 ended up being a good year for punters.

Jan 6, 2004 | Money News

Freelance House Buying Guide

This is key for some buyers, who look for features such as multiple phone links if they are among the 2.2 million people who now work from home at least one day each week.

Jan 6, 2004 | Money News

Queen's speech: housing bill

Included in the speech was the introduction of legislation on housing that will "help create a fairer housing market and protect the most vulnerable".

Jan 6, 2004 | Money News

Insurer in default

The City regulator yesterday issued a warning about an insurance company that has left 40,000 policyholders without cover because it was operating without official authorisation.

Jan 6, 2004 | Money News

EU move upsets insurers

The practice of offering preferential rates to women and men for different types of insurance was dealt a blow this week by new EU proposals to ban it on grounds of sex discrimination.

Jan 6, 2004 | Money News

Protect pensions, government urged

The leader of one of the UK's largest trade unions today called on the government to help allay the "panic" over pensions by introducing new legislation designed to protect company pension schemes and provide workers with fresh consultation rights.

Jan 6, 2004 | Money News

No access to funds until 55

The minimum age at which people can start drawing benefits from a pension will rise from 50 to 55 by 2010, the chancellor confirmed yesterday.

Jan 6, 2004 | Money News

Save or face poverty, women are warned

A stark warning was issued to young women this week: start saving for retirement or face a poor old age.

Jan 6, 2004 | Money News

Baby boomers 'next to face pensions crisis'

Over half of the UK's 7.6 million baby boomers, born between 1945 and 1954, will have to rely on state pensions in retirement, according to research published today.

Jan 6, 2004 | Money News

Income plummets by 38% on retirement

People's monthly income falls by an average of 37.8% when they retire, while nearly 21% of pensioners see it halve, according to research out today.

Jan 6, 2004 | Money News

Bank customers 'voting with their feet'

Almost one in five small businesses are considering switching banks after advice from the Competition Commission to "shop around."

Jan 5, 2004 | Money News