News

Aviva chairman John McFarlane is to take up the same role at transport business First Group, Sky News reports, however Aviva have said he is not leaving the insurer.

Share buybacks carried out by Venture Capital Trusts (VCT) will no longer qualify for tax relief from April 2014, the government has said.

Increasing employer pension contributions driven by rising longevity, auto-enrolment (AE) and poor defined benefit (DB) scheme returns has held back wage growth, according to Treasury figures.

The Bank of England has maintained interest rates at 0.5% and the size of the asset purchase programme at £375bn.

The government will not change the basis on which GAD tables are formulated for income drawdown according to the Autumn Statement.

The government will boost ISA, Junior ISA and Child Trust Fund (CTF) annual subscription limits in line with the consumer price index.

Spouses and civil partners will be able to transfer £1,000 of their income tax personal allowance to their partners under plans unveiled by Chancellor George Osborne.

Stamp duty on shares bought in Exchange Traded Funds (ETFs) is to be abolished in a bid to encourage more firms to domicile products in the UK.

Non-residents will have to pay capital gains tax (CGT) on any gains made from residential property sales in the UK from April 2015, George Osborne announced today.

The Chancellor George Osborne said the "great recession" seen after the global financial crisis in 2008 had an even more detrimental impact on the UK economy than previously forecasted.