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The deadline for the renewal of tax credits is up today. Families who wish to take advantage of financial assistance by the state must return forms before the end of the day or their payments could stop.
Tax credits are available to four specific groups including people with disabilities, children, families and babies. Families who have a household income of less than £58,000 are eligible for the benefit. About 4.7 million British households are in receipt of tax credits at the moment.
The deadline for the renewal of tax credits is up today. Families who wish to take advantage of financial assistance by the state must return forms before the end of the day or their payments could stop.
Tax credits are available to four specific groups including people with disabilities, children, families and babies. Families who have a household income of less than £58,000 are eligible for the benefit. About 4.7 million British households are in receipt of tax credits at the moment.
July 31st, 2010
The default retirement age (DFA) of 65 will be abolished by October 2011 under new government plans.
Currently employers can force staff members to retire once they reach the age of 65 as long as they are given prior notice at least six months before their birthday. This means the changes could be felt by as early as April next year.
July 30th, 2010
Nine consultations, including papers on pensions tax relief, PAYE reform and investment trust companies were published yesterday by the Treasury.
David Gauke, exchequer secretary, said the papers were made public to help the government in becoming "more open and transparent in its approach to policy making".
July 29th, 2010
High street banks are not informing customers of interest rate changes to their accounts, according to consumer magazine Which? Money.
Out of the 12 banks and building societies investigated, only four personally told customers about savings rate changes. Other savings providers, such as HSBC, used adverts in newspapers to notify customers of small cuts and fluctuations but this was only if the rates were cut to more that 0.25 per cent or 0.5 per cent over the course of the year.
July 28th, 2010
