Savings

Savers lose out to cut in interest rates

The Bank of England’s decision to hold official interest rates at a historic low of 0.5 per cent has hit savers hard.

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Tax changes mark start of new financial year

A series of tax changes have signalled the beginning of a new financial year.

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Pension tax relief measures will add to employer costs

The government’s decision to go ahead with plans to impose restrictions on pensions tax relief for higher earners will create administrative burdens for employers, it has been argued.

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ISA changes receive muted welcome

The announcement in the Budget that the limits on ISA accounts are to rise in line with inflation has been met with a mixed reception.

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Budget 2010: personal tax

Perhaps the most eye-catching announcement of Alistair Darling’s 2010 Budget was the move to raise the stamp duty threshold for first-time buyers.

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ISA savers should consider switching accounts despite delays

People with savings in ISA accounts could be missing out on substantial amounts of interest, it has been claimed.

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Higher fees for new workers’ pension scheme

The government’s plans to establish a workplace pension scheme for lower paid employees have been criticised after it was revealed that people who join initially will have to pay a 2 per cent contribution fee.

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Savings rates continue to dip

Returns on savings accounts have shown a significant decline over the past few months.

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