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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.

Retirees take cautious approach to drawdown

Pensioners draw down 31% of wealth on average.

MTD income tax pilot extends to landlords

Scheme now accepts property income excluding holiday lets.

‘Raise the VAT threshold to stimulate SME growth’, IPSE says

Response as VAT consultation draws to a close.

Under-30s see rise in pension savings

21% of young people still not saving for retirement.

3 in 5 SMEs miss out on business savings interest

65% fail to shop around for savings providers.

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