Pension lifetime allowance to increase
The pension lifetime allowance (LTA) will be increase by £30,000 to £1,030,000 on 6th April 2018.
The lifetime allowance was previously higher, but has been cut several times in recent years.
Although this increase in lifetime allowance is reasonably small, …
Autumn budget 2017 – a date for your diary
Chancellor Philip Hammond will deliver his latest budget to parliament on Wednesday 22nd November 2017.
The last budget was in March 2017, but the chancellor has decided that going forward he would prefer to hold budgets in the autumn. So, …
Bank of England increases interest rates for first time since July 2007
The Bank of England has increased interest rates from their record low of 0.25% to 0.5%. Interest rates have been set at 0.25% since August 2016.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates, voted 7 …
How would a UK interest rate rise affect you?
After a sustained period of low interest rates in the UK, several experts are expecting an interest rate rise in the not too distant future.
For many an interest rate rise will be welcome news, but for others this may …