A change to the Finance Act buried deep in the pages of the March budget means that the self-employed can now "completely offset the purchase price of a new scooter or motorbike against their income for tax purposes", says Miles Brignall in The Guardian.
British Airways has reported its biggest annual loss due to lower passenger numbers, higher costs and the impact of strike action. The flag carrier lost £531m ($766m) in the 12 months to March - BA's biggest loss since it was privatised in 1987.
Following my posts Money tip #67 – Make pension contributions on behalf of your spouse and children and get tax relief even though they don’t pay tax! and Money tip#68 – How you could be entitled to take your entire pension fund as a one-off cash lump sum they lead on to...
’Dear Chief Secretary, I’m afraid to tell you there’s no money left’ The note left to the Liberal Democrat David Laws, the new Chief Secretary to the Treasury, by the his predecessor Liam Byrne.
(Article updated 6th December 2011) Under current UK pensions legislation your pension fund ultimately has to provide you with a retirement income. Alternatively, it is possible to take a small slice of your fund as a tax-free lump sum (usually 25%) while the balance is used to purchase an income....
''My partner took out a loan several years before we met, and now we could easily pay it off with my savings and save paying the colossal interest payments. However,...
A survey by the charity Shelter suggests that five million home owners will be unable to afford an interest rate rise and will be in danger of being evicted from...
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