Tax Planning

National Savings & Investments (NS&I) is cutting the Premium Bond prize fund rate to 1.3% from next month to reflect lower interest rates across the savings market.

David Cameron has refused to rule out future tax rises but says his overall aim is to "give people back some of their hard earned money" as economic conditions improve, the BBC reports.

A new set of rules to make sure big business pays its fair share of tax will be unveiled today as part of efforts by the world's leading countries to crack down on avoidance.

The cost of dealing with the country's ageing population will increase government spending by about 4% of GDP - or £61bn in today's terms - by the 2060s, according to government projections.

Steve Bee is calling for the simplification of pension tax relief, arguing all savings should be taxed at their deferred rate when drawn as income.

The cost of registering a lasting power of attorney (LPA) has been reduced from £130 to £110, the government has announced.

Chancellor George Osborne says the government will not need to raise taxes to meet the deficit reductions after the next election, the BBC reports.

Taxpayers who have failed to submit tax returns are being offered the chance to come forward and pay up under a new HM Revenue & Customs (HMRC) campaign.

People born after the mid-1980s will suffer the most from proposed changes to the state pension, a think tank has said.

TAX PLANNING