The Office of Tax Simplification (OTS) has published the first of two reports reviewing Capital Gains Tax (CGT), requested by Chancellor Rishi Sunak in July.
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Average annual energy bills shot up by £693 to £1,971 in April as the energy price cap increased. With the cap set to rise again in October, the energy crunch is significantly eroding people’s income and savings – and threatening a financial wellbeing crisis.
As world events continue to buffet the economy, the new tax year may not be the first thing on your mind. But using available tax breaks while you have them helps put you in a much more stable financial position for the short and the longer term.
Let’s think about the future for a moment. Our world in the future. A world that is cleaner, safer, and fairer: one that you want to live in, and the one you want to pass on to future generations.
Saving for retirement can feel so daunting that many of us would understandably prefer to avoid thinking about it. But there are also some very compelling reasons for overcoming that hurdle and seeing it as an opportunity as well as a challenge.
