Repayment warning for interest-only borrowers

Interest-only mortgages were popular during the housing booms of the early nineties and ‘noughties’. Typically, borrowers make monthly repayments that cover only the interest on the amount borrowed. The capital (the full amount borrowed) is then paid back when the mortgage term matures – typically after 25 years – using funds such as savings or[…]

Employee share buy-back rules relaxed

Evidence suggests that employee-owned businesses – those in which members of staff own a stake (often in the form of shares) in the business – are likely to show increased productivity and, as a result, increased profitability compared with those that do not. According to research conducted by the Cass Business School in 2010, employee-owned[…]

Queen’s Speech announcements for business

The Government’s plans for the new parliamentary session were outlined last month in the Queen’s Speech. Proposals of interest to businesses included those around national insurance contributions, patents and deregulation: Employment allowance: under the National Insurance Contributions Bill, businesses and charities will be entitled to a £2,000 allowance towards their employer national insurance contributions (NICs)[…]

Successful retirement planning

This guide looks at some important considerations when planning for income in retirement Many people spend time thinking about what retirement might look like financially, and this is particularly important now given the stock market recovery we have seen in 2013, albeit against the background of a sluggish economy and continuing low interest rates. Pension[…]

Company car taxation

This guide focuses on company car tax rules and how tax legislation is being used to encourage businesses to acquire more environmentally-friendly vehicles. The provision of a company car is normally a taxable benefit for an employee or a director. The company car benefit charge for a full year is calculated by multiplying the price[…]

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