1 in 3 expect 6-month wait for inheritance

More than a third of people underestimate the time it might take to receive their inheritance, according to research from Co-op Legal Services. In a survey of 2,000 UK adults, 37% said they expect to wait 4-6 months to receive their inheritance. In reality, the...

Self-employment jeopardises state pension

The growth of self-employment is putting pressure on the sustainability of the state pension, research has found. According to analysis from Aegon, £2.8 billion is lost in national insurance (NI) receipts for every 1 million people who move from employment to...

HMRC warns of tax refund scam

HMRC has issued a warning about fraudulent texts and emails, which claim the recipient is due a tax rebate in order to obtain their personal details. The ‘phishing' scam attempts to take advantage of the fact that HMRC is currently processing income tax for 2017/18,...

Stamp duty cut helps 69,000 first-time buyers

Around 69,000 first-time buyers have benefited from the stamp duty exemption since its introduction in November 2017, according to statistics from HMRC. The government abolished stamp duty for most first-time buyers in Autumn Budget 2017 to help aspiring homeowners...

P60 deadline reminder

The final deadline for issuing employees with P60s for the 2017/18 tax year is 31 May 2018. Employers must give a P60 form to all employees who were working for them on the last day of the tax year (5 April). This could be on paper or online, through payroll software....
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