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Reinventing the State pension

Could the State pension be replaced with a more flexible income scheme? A new report thinks it would be possible. There are now 12.6 million people over State pension age (SPA), meaning that government expenditure on…

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How long am I going to live?

The Office for National Statistics (ONS) has thought again about our life expectancy calculations. Life expectancy calculations matter, and not just to answer that perennial question. Any long-term economic projections,…

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Pensions Commission Mk II: a warning on retirement saving

Those recommendations have since been largely implemented, changing the nature of retirement provision for millions of people. Last summer, the government announced the launch of a second Pensions Commission, tasked with…

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What goes into the tax cocktail?

New data from HMRC shows how much the government relies on just four taxes. The Labour Party went into the 2024 general election with pledges on four major taxes in its manifesto: “Labour will not increase…

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A new initiative for dealing with unclaimed Child Trust Funds

The Treasury has announced a new campaign aimed at reducing the number of unclaimed Child Trust Funds. On 4 July 2026, the US government will officially launch Trump Accounts. While not another White House-linked…

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So much for 2% inflation on the horizon...

Fresh inflation data suggests there may be some relief for shoppers at last — but hopes of a smooth return to the Bank of England’s 2% target still look fragile. When the Bank of England met in early February this…

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Making Tax Digital is slow to attract taxpayers

HMRC has reported a low initial registration level for its new income tax regime. A little over 11 years after ‘Making Tax Easier’ was first announced in the March 2015 Budget, Making Tax Digital for income…

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Where is your emergency cash?

Do you have a rainy day fund? Think again, if you don’t – where you hold your cash matters. A common piece of basic financial advice is that you should have enough of a cash reserve to cover at least three…

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Student loans – of little interest?

A new 6% cap on student loan interest sounds helpful – but is it really? Here’s the reality...

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The 'mansion tax' and property prices – what's to come?

Further details have emerged about the potential impact of the ‘mansion tax’ announced in the last Budget. Rachel Reeves’ first two Budgets have so far featured announcements of tax-raising measures…

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