Covid is said to cost the Govt £5.billion in borrowing during the years 2020-2022 and naturally there is a need to replenish funds. An increase of 6% in corporation tax and a freezing of tax allowances over the next few years will help to raise towards £8 bill a year by 2025. No complaint here…
Since 2015 pension freedoms have allowed people to enjoy greater flexibility as to how they take their pensions, resulting in withdrawals of up to £37bn. The Government are now proposing that whilst freedoms to withdraw pensions, flexibly, will remain in place; when people can access pensions will change. From 2028 the pension age will increase…
Bank of England base rate at 0.1% since start of pandemic in March 2020 What has happened to cash ISA’s? The return on investment from some major providers is low. If you have a cash ISA with the Halifax, for example, the return is just above base rate at 0.2%. So a fund of £20,000,…
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