Buy-to-let remortgaging reaches record high

The number of landlords looking to remortgage has risen to an all-time high, as many seek to mitigate higher tax costs. A survey by Paragon of around 200 mortgage intermediaries found that as a proportion of the buy-to-let market, remortgaging increased from 49% in Q2...

Chancellor hints at lowering the annual allowance

The annual allowance on pension tax relief is expected to be cut in Budget 2018, according to predictions from Royal London. In a recent speech, Chancellor Philip Hammond said the cost of pension tax relief is "eye-wateringly expensive", adding to speculation that it...

Inheritance tax exemptions ‘should be replaced’

Chancellor Philip Hammond is being urged to remove layers of complexity surrounding inheritance tax when delivering his Budget. The Office for Tax Simplification (OTS) is due to make its recommendations, which may include a single, larger annual exemption to replace...

Childcare vouchers close to new applicants

The Government's childcare vouchers scheme has been closed to new members, as of 4 October 2018. The employer-backed scheme was originally expected to be replaced by tax-free childcare on 5 April 2018. However, the childcare vouchers scheme was extended after parents...
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