Pension: Negative interest rates 'an unsettling prospect' for retirees - BoE review looms
PENSION income, as is the case with many financial concerns, can be impacted by the low interest rate environment savers currently find themselves in. With the next base rate decision due from the Bank of England over the coming days, new insight has been shared on what may be in store for retirees.
Source: Daily Express :: Finance Feed https://ift.tt/3vz3PiR
Dogecoin price: Elon Musk 'wrong' to think DOGE is the 'currency of the internet'
DOGECOIN has surged to dizzying heights over the last few months, as it increased its total value by more than 4,000 percent, outmatching established cryptocurrencies on the market. But one expert believes its core backers are wrong to dub it the "currency of the internet".
Source: Daily Express :: Finance Feed https://ift.tt/3e9LjYG
Savings and spending advice: Follow 'three day rule' as 'cash savings will lose value'
LOCKDOWN restrictions will soon be coming to an end across the UK and the economy is set to fully open up over the summer monthsMany consumers are likely eager to get back to some form of normality and in light of this, guidance has been issued to prevent spenders from getting ahead of themselves.
Source: Daily Express :: Finance Feed https://ift.tt/3gRxCPH
Pension auto-enrolment warning: Women struggle with minimum threshold - changes called for
PENSION savings are usually built up while a person is working and automatic enrolment rules were introduced to aid with this. However, in light of worrying pension gaps between the sexes, the Government has been urged to review the auto-enrolment rules.
Source: Daily Express :: Finance Feed https://ift.tt/2R7SPdn
IR35: HMRC updates rules on working through an umbrella company - 'this is a good start'
IR35 changes were introduced in early April, which affected self-employed workers and contractors across the board. As employment tax rules were upended, some experts believed umbrella company usage would rise and on this, HMRC has issued updated guidance on working through these operations.
Source: Daily Express :: Finance Feed https://ift.tt/3e6k80T
HMRC refunded £115.6m in overpaid pension tax in 2020/21 - how to reclaim your payments
HMRC released its latest flexible pension payment statistics today which showed a "stable trend" in activity. However, the same data revealed HMRC has paid back millions in pension tax due to incorrect calculations and as such, advice has been issued on how people can reclaim money they may be owed.
Source: Daily Express :: Finance Feed https://ift.tt/3xzN7BL
Pension withdrawals rise - savers issued 5 'important' questions to ask ahead of drawdown
HMRC will be publishing flexible pension payment data tomorrow but figures from experts within the field show retirees have gone through a whirlwind of activity over the last year or so. In light of this, guidance has been issued on the key retirement elements savers should pay attention to.
Source: Daily Express :: Finance Feed https://ift.tt/3u79agX
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