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How tax rule tweaks are changing pensions, savings and house buying behaviour

Tax saved through the personal savings allowance indicates that money not being saved into cash ISAs isn’t simply finding itself in savings accounts instead. The stamp duty exemption for first time buyers is expected to have saved £125 million in tax between November 2017 and April 2018.

Contributor: Nathan Long | Published: 28 January 2018

uncertainty uncertainty

Ever-increasing length of compliance checks causing uncertainty

One of the UK's leading tax experts today weighed into the debate emerging from news that HMRC investigations into large companies have increased in length over the last financial year. Prolonged HMRC investigations can have a negative impact and cause financial uncertainty.

Contributor: David Redfern | Published: 23 January 2018

inflation inflation

Dementia tax info sketchy and misleading

Many do not know how the system works and, prompted by scare stories, some people are gifting their properties to their children now - which leaves them financially vulnerable, may not achieve the desired result and in some cases may also result in additional inheritance tax when they die.  

Contributor: Claire Carberry | Published: 4 December 2017

inflation inflation

Autumn Statement: Once more unto the pensions tax relief breach?

Claire Carey, partner, Sackers, commented: “There is already a Finance Bill making its way through Parliament which is set to reduce the money purchase annual allowance (triggered when someone accesses their DC benefits flexibly) from £10,000 to £4,000. This change is set to be backdated to 6 April 2017, as it was dropped from the Finance Act 2017 so as to allow that Act to be fast-tracked through Parliament ahead of the General Election shut-down. But is this the only pensions tax change on the cards?

Contributor: Claire Carey | Published: 28 November 2017