Tax Planning

Britain's highest earners are shouldering an increasing share of the UK's income tax burden, as coalition government policies take more people out of paying the tax, according to figures released by HMRC.

The government will not introduce a tax break for married couples in next month's Budget, though an allowance is likely to be introduced in this parliament, according to reports.

IHT

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OFFSHORE

Incoming Bank of England (BoE) governor Mark Carney intends to place economic growth at the top of his priority list when he takes on his new role.

National Savings & Investment (NS&I) is to close its Cash ISA and automatically transfer customers to its Direct ISA in May as part of long-standing plans to simplify its range of savings products.

HM Revenue and Customs (HMRC) has confirmed it is consulting on whether to tax fund rebates paid to customers.

The Office of Tax Simplification (OTS) has made a range of recommendations in a bid to make tax simpler for Britain's pensioners.

Parents will need to start saving early on to be able to send their children to private school as costs soar.