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National Savings lose lustre with interest rates cut

National Savings & Investments are cutting interest rates from 1 May. National Savings and Investments (NS&I) has announced that it will be cutting interest on four of its variable rate products from 1 May. It says the cuts follow on

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Pension transfer values up 15%

It was not only UK share values that rose during 2016                     Note: the Xafinity Transfer Value Index tracks the transfer value that would be provided by an example defined benefit

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Moneywise Newsletter – Spring 2017

  Welcome to the first newsletter of 2017. There were a number of developments at the end of last year which we have reported on, including a round-up of the announcements made in the new Chancellor’s first – and last

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HMRC, the ultra-rich and the not-so-rich

Parliament’s Public Accounts Committee thinks that the “government must take a tougher stance on taxing the very wealthy.” In 2009, HM Revenue & Customs (HMRC) set a specialist team to focus on the tax affairs of high net worth individuals

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The end of the tax year: 5 April reminders

As the end of the tax year nears, remember the 5 April is a multi-faceted deadline.    In 2017, the tax year ends on Wednesday 5 April, over a week before Easter. The Budget is almost a month earlier (8

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The rising cost of age and health

The government’s financial watchdog, the Office for Budget Responsibility (OBR), has been mulling over future healthcare and pension costs. In January, as is often the case, the media was headlining stories about delays in A&E, cancelled operations and bed-blocking caused

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Is a return to inflation on the cards?    

December’s inflation figure was the highest since July 2015 For much of 2015, inflation barely existed. On the government’s chosen measure, the Consumer Prices Index (CPI), annual inflation oscillated between 0.3% and -0.1%. 2016 was a rather different story: the

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Another good year for sterling investors in the world stock markets

At first sight, the results from the world’s main share markets in 2016 appear mixed, but that’s before currency effects are considered. Index 2016 Change FTSE 100 +14.4 FTSE All-Share +12.5% Dow Jones Industrial +13.4% Standard & Poor’s 500  +9.5%

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The residence nil rate band – not so simple

From April, the residence nil rate band comes into being.   It was nearly two years ago that the Conservatives’ manifesto for the 2015 election promised to “take the family home out of tax by increasing the effective Inheritance Tax

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Auto-enrolment: seven million and counting   

Automatic enrolment has reached a new landmark, but the path from 2017 onwards could be challenging. When automatic enrolment (AE) into workplace pensions started in October 2012, there were some doubts about how successful it would be. A little over

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