The average retired household handed £7,400 to the taxman during the first year of pension freedom, amounting to almost a third (30%) of their annual income, according to data analysis by Prudential.
The data, taken from the Office for National Statistics, showed retirees' tax bills rose £400 on average in the 12 months to April 2016, meaning the Exchequer pocketed an extra £1.7bn. The total annual...
0.15% account fees
Unclear where liabilities lie
For the first time in a quite a while we have a certain degree of political certainty, writes Jack Rose. And, with that clarity, perhaps a clearer picture of the road ahead…
While tax planning is relatively easy where investments are held in an individual’s own name, on Valentine's Day Neil MacGillivray says great care is needed when it comes to jointly held investments between spouses...
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