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Monthly Archives: March 2015

Banks to stop taking tax on interest paid

 From 6 April 2015 you won’t have to pay tax on interest received if your total income is less than £15,600. As part of a wider relaxation for savers, the recent Budget pledged to introduce a Personal Savings Allowance (PSA) … Continue reading

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First time buyers savings plan

 If you are a first time buyer a new savings scheme introduced in the Budget last week is well worth considering.  Nick named the Help to Buy ISA, the ISA will allow you to save up to £200 a month, … Continue reading

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Stolen mobile charges to be capped

 Major mobile networks have confirmed plans to introduce protection for consumers from huge bills run-up on stolen mobiles following Government action. Under the voluntary agreement, five mobile networks – EE, O2, Three, Virgin Media and Vodafone – will protect around … Continue reading

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Pension freedoms to be extended to annuitants

The Chancellor has announced that the government will extend its pension freedoms to around 5 million people who have already bought an annuity. From April 2016, the government will remove the restrictions on buying and selling existing annuities to allow … Continue reading

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Budget Statement 18 March 2015

 Personal Tax and miscellaneous matters  Personal Tax allowance  The personal allowance for those born after 5 April 1948 will be increased to: For 2015-16 – £10,600 For 2016-17 – £10,800 For 2017-18 – £11,000  From 2016-17, there will be one … Continue reading

Posted in Business