38 h. ago New call for all State Pension payments to be exempt from income tax threshold

The Personal Allowance will remain frozen at £12,570 until the 2028/9 financial year.

Economics

50 h. ago Brits warned against 'rash' pension decisions ahead of new tax rules or face 'costly mistake'

More than half of Brits see their pension as a key part of their legacy plan, but experts have warned against making 'rash' decisions ahead of new inheritance tax rules that are set to be introduced in the UK

Economics

67 h. ago British firms among companies to have exported aircraft parts that reached Russia

Data shows aircraft parts from more than 100 western companies reached Russian aviation industry via IndiaBritish firms are among more than 100 western companies, including the aerospace giant Boeing, which have exported aircraft parts to India that reached Russia, according to customs data.Analysis suggests products worth more than $50m have passed through intermediaries in India to Russian airlines and other entities over a 21-month period up to September 2024. Continue reading...

Politics

69 h. ago Will YOU change your pension plans ahead of the inheritance tax grab?

Pensions are going to become liable for inheritance tax like other assets such as property, savings and investments starting in April 2027.

Economics

69 h. ago British firms among those that exported aircraft parts which reached Russia

Boeing one of more than 100 companies whose products reached Russian aviation industry via intermediaries in IndiaBritish firms are among more than 100 western companies, including the aerospace giant Boeing, which have exported aircraft parts to India that reached Russia, according to customs data.Analysis suggests products worth more than $50m have passed through intermediaries in India to Russian airlines and other entities over a 21-month period up to September 2024. Continue reading...

Politics

3 d. ago Retirees may have to pay tax on the state pension as early as next year, analysis suggests

Annual state pension payments could soar by 5.5 per cent to £12,631 in April 2026, according to Deutsche Bank forecasts.

Economics

3 d. ago Environment more crucial than genes in risk of early death, study suggests

Analysis of UK BioBank data shows importance of factors including living conditions and smoking, say expertsThe environment is about 10 times more important than genes in explaining why some people have a higher risk of an early death than others, research has suggested.The study is based on an analysis of information from almost 500,000 participants in the UK BioBank database, including answers to questionnaires as well as data on deaths and diseases that occurred after people enrolled. Continue reading...

Events

3 d. ago New State Pension 2025 rates may affect how much tax people need to pay in retirement

Older people with the State Pension as their only source of income will not pay income tax.

Economics