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.
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.
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.
The Treasury has been heavily criticised today after announcing plans to tax the interest earned on cash held in stocks and shares ISAs.
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.
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.
Many years ago BT ran an ad campaign with the tagline: ‘It’s good to talk.’ Older readers may remember it.
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).
The Treasury is to consult on plans to introduce a tougher regulatory regime for 34,000 appointed reps.
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.
The Treasury has published the Finance Bill and National Insurance Contributions (NICs) to deliver the announcements revealed in last month’s Budget.
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.
HMRC figures reveal that an extra 3.36m taxpayers have been dragged into paying higher or additional rate tax in the current year.
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.
The Treasury is advertising a £100,000 role for a director of financial services based in London or Darlington.
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.
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.
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 Rachel Reeves is today pressing regulators to do more to boost UK growth in the face of disappointing GDP figures.
The firm-facing requirements of the MiFID regulations are to be transferred into FCA Handbook rules next year.
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