Are you saving and investing wisely?

Research by National Savings and Investments (NS&I) has revealed the amount of money individuals are setting aside has reached its highest level for nine years. Britons are now saving an average of £104 a month – equivalent to eight per cent of their monthly income. The beginning of 2013 is the third quarter in a[…]

End of excessive credit and debit card charges

Businesses often add surcharges to the price of goods or services when consumers choose to pay by credit or debit card. Notable examples include the purchase of flights or music tickets. However, under the Consumer Rights (Payment Surcharges) Regulations, firms will no longer be able to charge ‘excessive’ fees for online credit and debit card[…]

Limited partner national insurance contributions

Changes to business regulations happen at two common commencement dates – in April and October – each year. As well as the headline changes to redundancy consultation periods and employment tribunal procedures introduced this April, changes to national insurance contributions (NICs) for ‘sleeping and inactive’ limited partners have also been announced by HM Revenue &[…]

First phase of business bank begins

Business secretary Vince Cable first announced details of a state-backed business bank in September last year. Since then, business groups have been eager to see the initiative rolled out and put into action. April marked the launch of the first phase of funding available through the business bank, with the Government pledging £300 million to[…]

Tax efficient savings and investments

With interest rates at rock bottom and with people now saving more, we look here at a range of tax advantaged savings options. Pension savings The Government encourages pension savings by providing tax relief on pension contributions. Tax relief reduces your tax bill and/or increases your pension fund. The profits made whilst within the pension[…]