Osborne confirms 45% tax rate
Chancellor George Osborne has confirmed the 50% top tax rate will be cut to 45%.
Those earning £150,000 or more have been subject to the 50% rate since April 2010, when it was brought in by the Labour government.
This …
UK inflation hits a 15-month low in February
The rate of inflation hit a 15-month low in February, according to the Office for National Statistics, but failed to ease fears that high oil prices may prevent it falling as quickly as previously thought.
Important dates for your diary
- 21st March – The Budget 2012
- 5th April – UK tax year end. Don’t leave it too late to top up ISAs and pension contributions for 2012. Many providers will have set their own deadlines in advance of this date.
The Bank of England keeps interest rates at 0.5%
The Bank of England has decided to hold interest rates at 0.5%. The Bank of England has kept its interest rate at this record low since 5 March 2009.…
An end to contracting out
From 6 April 2012 the Government will remove the option to contract out of the State Second Pension (S2P, formally known as SERPS). This change will affect everyone who is currently contracted out into non-final salary pensions (commonly known as …