Retirement: Self-employed? 6 reasons why you shouldn’t dismiss pensions

Self-employed 6 reasons why you shouldn’t dismiss pensions 150pxIt seems the growing army of self-employed workers are ignoring pensions. New research from the Resolution Foundation has shown there are now 4.5 million self-employed people in the UK. Alarmingly though, two–thirds of newly self-employed people are not paying into a pension. Despite having a somewhat tainted reputation, whether you are newly self-employed, or have been working for yourself for years, there are some very good reasons why you shouldn’t dismiss pensions. Here are six: 1. You’re on your own! Millions of employees are due to be ...

6 simple tax saving ideas for the start of the tax year

The end of the tax year has been and gone, it's a time of the year that never ceases to amaze us. Why do so many people wait until the end of the tax year to sort out their financial affairs? It makes far more sense to do so at the start of the tax year and enjoy almost a year’s extra tax efficient saving and investing. On that note we’ve put together a list of six things you should consider doing now to make your financial affairs as tax efficient as soon as possible. 1.    Use your ISA allowance...

Budget 2012: Stamp Duty crackdown

The Chancellor, George Osborne, has said that he will be “coming after” those people who try and avoid Stamp Duty and that he will announce “aggressive” new measures in this week’s budget. Stamp Duty is paid on property purchases above £125,000 where the duty is charged at 1%, however above £1 million this rises to 5%. Stamp Duty is also paid when shares are bought, but at a much lower rate of 0.5%. The past few years has seen a significant rise in Stamp Duty avoidance with some wealthy homeowners using an offshore company to buy property in the UK and avoiding ...