National Savings provides a glimpse of the new bond promised in the Spring Budget. Jeremy Hunt’s Spring Budget had an emphasis on Britishness with talk of “the great British pub”, ‘the British ISA’ (now a UK ISA) and ‘Great British Nuclear’. Included on the list of Britishness was the promise of a new ‘British Savings Bond’ (BSB) from National Savings & Investments (NS&I) which would “make it easier for people to save for the long term”. You may wonder whether the Chancellor

With allowances frozen or cut, you may have underpaid tax for 2023/24. Your tax position may have changed for the last year without you really noticing. Consider the following: Tax Year 2021/22 2023/24 2024/25 Personal allowance £12,570 £12,570 £12,570 Dividend allowance £2,000 £1,000 £500 Personal savings allowance £1,000 max* £1,000 max* £1,000 max* Bank of England base rate Close to 0% Average 4.5% 5.25% May 2024 New State pension £9,339 £10,600 £11,502 *£1,000 for basic a

Many women born in the 1950s should be paid compensation for a shortfall in their pensions according to a new report. The WASPI (Women Against State Pension Inequality) campaign has been running for nine years. In that time, it has consistently argued that women born in the 1950s were unfairly treated because of the way in which their State Pension Age (SPA) was increased. Up until 5 April 2010, the SPA for women was 60 and for men it was 65. The SPA for women has since gradu

As the advent of spring brings not only longer days but also a new tax year, there is still much to get to grips with in the fallout from the Spring Budget. Although most of the measures that appeared were thoroughly teased, there were still a few surprises to affect your new tax year planning. While national insurance cuts were well leaked, some surprises remained. Reforms to the high income child benefit charge were largely welcomed, although the increased threshold from £5

New data on marriage and civil partnerships shows a significant threshold has been crossed. ‘Population estimates by marital status and living arrangements, England and Wales: 2022’, sounds like a rather esoteric piece of academic output from the Office for National Statistics (ONS). However, its release in late January attracted a brief flurry of media attention for one new finding it revealed: ‘Married or civil partnered remained the most common legal partnership status amo

New research has put some surprising numbers on the income needed in retirement.