In late May, HMRC published a report – based on data collected in summer 2023 and dated January 2024 – that had been held back for...

In June, HMRC begins sending out simple assessments. They will come as a surprise to many recipients. From June 2025, HMRC will begin to...

The Government is taking an increasing interest in where pension funds are investing – or not investing. As March’s Spring Statement underlined, Government finances are in a tight and precarious position. Precisely where the line is drawn may become apparent by the time you read this, with the results of the latest three-year Spending Review on 11 June. Financial constraints were also squeezed under the previous government, which led the Chancellor’s predecessor, Jeremy Hunt,

The April inflation figure was outside the Bank of England’s target range. Source: Office for National Statistics The Bank of England’s annual inflation target, set by the Chancellor, is 2%, based on the Consumer Prices Index (CPI). If inflation is more than 1% on either side of the target, the Bank’s Governor is required to write to the Chancellor explaining what has happened and the actions being taken to bring CPI back within range. If inflation is still off-target three m

New research has highlighted the groups on track for a retirement of scrimping. Several investment institutions publish annual reports on the state of the retirement market. The latest, from Scottish Widows, does not paint a rosy picture. Its National Retirement Forecast (NRF), conducted in conjunction with a leading economic forecaster, found that: 39% of people aged between 22 and 65 are on track for a less-than-minimum lifestyle in retirement. In monetary terms, that equat

The first Friday of May was a busy news day. The ideal day to make an announcement that you might prefer to be overlooked – such as the Government’s new commission into adult social care in England. The news was full of stories about the dramatic rise of Reform and the equally dramatic drop for Labour and the Conservatives on Friday 2 May, following the local election results and the first by-election of the current Parliament. There was little other news coverage – give or t