The Treasury has this week published proposals to cut the annual maximum for pension saving contributions. The current annual allowance of £255,000 will be cut to between £30,000 and £45,000, but with the proviso that the new, lower limit will have full tax relief. Read More
The urgency of forward planning and saving for children is back in the spotlight, as a new report from the Family & Parenting Institute puts the cost of raising a child at £800 a month Read More
In a gender analysis of the June 2010 budget, Shadow Welfare Secretary Yvette Cooper claims that 70% of tax cuts will hit women only.
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The number of higher rate taxpayers will have to double, if government is to sustain budget changes that propose a higher personal tax allowance of £10,000, a leading accountancy firm has claimed. Read More
Today’s June 2010 budget changes should include an increase of £1,000 in the personal Income Tax allowance for basic rate taxpayers. This increase in Income Tax allowance means that all those earning up to £37,400 will have their tax-free Income Tax personal allowance increased by 15.4%, from £6,475 to £7,475.
There was a leap in demand for fixed rate UK mortgages in May, as homebuyers seek a predictable monthly repayment, and market watchers proclaim that interest rates can ‘only go up from here’.
Platform has launched a new mortgage aimed at joint borrowers and couples. The product is available as a first time buyer mortgage and remortgage. Click on headline to read more.
Did you know that independent mortgage advice saves you, on average, nearly £1,000 per year on your mortgage repayments? Read our top tips on first time buyer mortgages.
First time buyers could enjoy a permanent stamp duty holiday as they take their first time buyer mortgage, as the Tories pledge they will keep forever the stamp duty holiday on homes under £250,000. Meanwhile, competition in the first time buyer mortgage market is hotting up as the daffodils bloom.
The Bank of England has today decided to hold interest rates at the historic low of 0.5%. Customers seeking first time buyer mortgages right now are being advised to seek quality independent financial advice. An independent mortgage advisor, with their ‘whole of market’ approach, can find the very best mortgages based on the whole of the UK market, and will on average save you almost £1,000 on your annual mortgage repayments.
