If you still complete a paper tax return then you should have done so by the end of October last year for tax year 2023/23, which ended on the 5th April last year. If you didn’t send a paper return but you have to complete a tax return, then the deadline is the end of this month, or in two…
Read MoreWhy the interest in inflation?
Basic economic texts tell us that inflation is caused by an increase in demand and that inflation can be reduced if interest rates are increased, since the increase in the cost of borrowing will dampen the demand for ‘stuff’ and reduce the upward pressure on prices. The Bank of England seems to have read this part of the economics text…
Read MoreCould your bank account do with a Spring clean?
There’s no better place to start a money spring clean than with your bank account. Get a hold of your most recent statement, whether that’s a paper copy of one you can access online. Go through it line by line to make sure that you understand every credit and debit on the statement. “Why should you have to do that?”…
Read MoreIs the sun setting on tax-efficient pensions?
There is a lot of talk in the money pages at the moment about the changes that the Chancellor might make to pensions legislation in his budget next month. Pensions are very tax efficient in that money paid in to a pension is generally eligible for tax relief at your highest rate, growth inside the pension is generally tax-free, and…
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