Month: July 2013

July Market Commentary

Introduction June saw the G8 summit taking place in Northern Ireland – but amid the talk of recession, tax evasion and the cost of the security, it was the fate of two men that stole the headlines. American hero – or whistleblower, depending on your stance – Edward Snowden was holed up, first in Hong […]

Income tax higher rate threshold changes

Changes by the Government to the ‘higher rate threshold’, which is the level of income after which taxpayers begin to pay the 40 per cent higher rate of tax, mean that it will increase by 1 per cent, for 2014/15 and 2015/16 to £41,865 and £42,285 respectively. The higher rate threshold is the sum of […]

Retire or work on?

Figures released by the Office of National Statistics (ONS) in June 2013 show that there are now more than one million over 65s continuing to work and earn after passing their anticipated point of retirement. This is the highest number since the ONS started collating this data in 1971. There are a number of reasons […]

Self-employed missing out on pensions

Self-employed people are individually missing out on an estimated pension boost of over £90,000 over their working life because they do not benefit from employer contributions, according to the latest research by insurer Prudential. A typical member of a company pension scheme receives employer pension contributions of £2,232 a year, at 8.4% of annual salary. […]