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HMRC still trying to give away money in unclaimed CTFs

HMRC is uncharacteristically keen to give money away, reminding young adults again that they may be due unclaimed child trust funds (CTFs). The amount still to be paid out comes to just under £1.4 billion.

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The Autumn Budget – a brave new tax world

Chancellor Rachel Reeves’ first Budget was a significant one in all senses.

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Autumn Budget 2024

Homecroft Wealth -Your Autumn Budget Summary 2024 PDF.pdf

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An update on cash savings

Financial Conduct Authority (FCA) publishes a review of the cash savings market following evidence of some dubious tactics at work.

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The 2025 State Pension increase

We now have a clear understanding of how much the main State Pension will increase next April.

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Pension crisis reaches China

The pension challenges facing western governments are also confronting the world’s second most populous country.

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How to raise £10,000,000,000

With a ‘black hole’ of £22 billion to fill, there are plenty of groups giving Rachel Reeves advice.

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The cryptic arm of the taxman

Investors in cryptocurrencies like bitcoin should not forget the tax consequences of their digital wallets, says HMRC.

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Interest rates start to fall marking an end to the plateau

August saw the first cut in UK interest rates since March 2020.

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The taxing cost of pension

HMRC has updated its estimates for the cost of pension tax relief. Rachel Reeves will have taken note ahead of her first Budget on 30 October.

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