Most workers favour flexible retirement

The majority of people working in the UK would prefer to take a flexible approach to retirement, rather than stopping work at state pension age. Research by Aegon found that 61% of UK workers expect to make some kind of transition to retirement, whether that's working...

Inheritance tax receipts rise to £5.2bn

Inheritance tax (IHT) receipts hit a record high of £5.2 billion in 2017/18, according to statistics published by HMRC. This was a year-on-year rise of 8%, and continues a long-term pattern as IHT receipts have been increasing by an average of 10% a year since...

Stamp duty break saves first-time buyers £284m

First-time buyers have saved £284 million in stamp duty since November 2017, according to statistics from HMRC. In Autumn Budget 2017, the government abolished the property tax for first-time buyers purchasing homes worth up to £300,000 in England and Northern...

MPs call for end to Lifetime ISA

A government committee has recommended that the Lifetime ISA should be abolished, a little over a year since it was launched. The Lifetime ISA was introduced in April 2017, and allows people aged 18 to 40 to open an account and benefit from a 25% government bonus on...

People urged to renew tax credits

More than 1 million people have yet to renew their tax credits ahead of the 31 July 2018 deadline, HMRC has warned. Those who miss the deadline will see their payments stopped, and will have to pay back the tax credits they have received since 6 April 2018. Last year,...
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