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  • Editor’s Comment: The tax timebomb heading our way

    They say the only things certain in life are death and taxes. What they never said was that one day the vast majority of UK workers would end up paying higher rate 40% income tax on their earnings, a levy almost unimaginable a few years ago.

  • Treasury hunts for holders of unclaimed Child Trust Funds

    The Treasury has launched a new push to trace owners of matured child trust funds (CTFs) by setting up a new taskforce which includes major providers of the savings accounts.

  • Treasury to replace LISA with simpler product

    The Treasury's consultation on its proposed new First Time Buyer ISA (FTB ISA) - to replace the Lifetime ISA (LISA) - promises simplicity and closer alignment with the rules on other ISA products.

  • Treasury attacked over new 22% tax on investment ISA cash

    The Treasury has been heavily criticised today after announcing plans to tax the interest earned on cash held in stocks and shares ISAs.

  • IHT receipts drop for second month but trend is upwards

    Inheritance Tax receipts for May were £1.4 billion, £37m lower than the same period last year although the long term trend remains upwards, experts say.

  • Editor’s Comment: Reeves has stuck the knife into ISAs but why?

    It’s been an interesting week in politics, and some will be pleased at the outcome, but it's not been such a good week for ISAs. Far from it, in fact.

  • Editor’s Comment: A pension taboo that needs to be tackled

    Many years ago BT ran an ad campaign with the tagline: ‘It’s good to talk.’ Older readers may remember it.

  • Editor’s Comment: Threat to ISAs could sour saver success

    ISAs have been one of the most successful parts of the government’s strategy to encourage saving for several decades now so, of course, it is a perfect time to destroy them (sarcasm intended).

  • 34,000 appointed reps face tougher regime

    Treasury building

    The Treasury is to consult on plans to introduce a tougher regulatory regime for 34,000 appointed reps.

  • Financial overseers’ approach to AI risks ‘serious harm’

    Treasury building

    The Bank of England, the FCA and the Treasury have been accused of exposing the public and the financial system to potentially serious harm due to their current positions on the use of artificial intelligence (AI) in financial services.

  • Treasury publishes Budget tax reform legislation

    The Treasury has published the Finance Bill and National Insurance Contributions (NICs) to deliver the announcements revealed in last month’s Budget.

  • State Pension to rise by 4.8% in April Treasury confirms

    The Treasury has confirmed that it will increase the State Pension by 4.8% for 2026/27 in April under the earnings trigger of the Triple Lock mechanism.

  • 3.36m more taxpayers dragged into higher tax bands

    HMRC figures reveal that an extra 3.36m taxpayers have been dragged into paying higher or additional rate tax in the current year.

  • Tax gap falls to 5.3% with £46.8bn unpaid, says HMRC

    The estimated tax gap in the UK was 5.3% in 2023-24, meaning £46.8bn was unpaid in the year, according to new figures from HMRC.

  • Treasury seeks £100,000 financial services director

    The Treasury is advertising a £100,000 role for a director of financial services based in London or Darlington.

  • 30 year gilt pays 5.375% a year but investors must act fast

    The Treasury has launched a new gilt offering the equivalent of 5.375% interest until January 2056 but investors need to act quickly, says AJ Bell, as orders need to be made through the platform by 2.30pm today.

  • Statement '25: Treasury mulls new crackdown on tax avoidance

    The Treasury is to consult on a range on new measures to crackdown on promoters of tax avoidance schemes as it seeks to boost tax revenue.

  • Inheritance tax haul hits £7.6bn in one year

     

    The government’s inheritance tax take continues to rise rapidly and is up £800m on last year to £7.6bn, according to latest government data out today.

  • Chancellor presses regulators to do more to boost growth

    Chancellor Rachel Reeves is today pressing regulators to do more to boost UK growth in the face of disappointing GDP figures.

  • MiFID rules to transfer to FCA in 2025

    The firm-facing requirements of the MiFID regulations are to be transferred into FCA Handbook rules next year.

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