HMRC has given London Capital & Finance (LCF) ISA investors the green light to reinvest their Financial Services Compensation Scheme (FSCS) compensation payments into a new or existing ISA. 

HMRC collected £5.33bn from inheritance tax in the 2020/21 tax year, a rise from £5.12bn in 2019/20.

David Hannah, the founder of advice firm Cornerstone, has been fined for avoiding stamp duty and faces further disciplinary action after losing an appeal.

Pension savers have reclaimed £693m in overpaid pension tax since the Pension Freedoms were introduced in April 2015.