Aga Khan Economic Planning Board
The Economic Planning Board (EPB) is a volunteer organisation under the Ismaili Council for the United Kingdom (UK). It was established to keep the economic status of the Jamat under review. It aims to improve the economic well-being of the Jamat via case management and support in the areas of employment and personal finance. The EPB has also launched a number of business alliances in industries from hospitality to pharmaceuticals.
Over 55s risk exceeding drawdown pension allowance
20 October 2021
The very low limit on the money purchase annual allowance (MPAA) means that many pension savers are at risk of receiving unwanted tax bills by overpaying into their pensions, warns Aegon.
Tipping rules set for overhaul
20 October 2021
The government plans to overhaul tipping practices, helping around 2 million people top up their income by ensuring all tips are given to staff rather than retained by business owners.
Autumn Budget set for 27 October
20 October 2021
The Chancellor has confirmed that government spending plans will be outlined at the Spending Review on 27 October alongside an Autumn Budget.
Ireland corporate tax to rise to 15%
20 October 2021
Ireland’s 12.5% corporate tax rate is to be increased to 15%, finance minister Paschal Donohoe has confirmed.
HMRC to clamp down on minimum wage avoiders
20 October 2021
Businesses are facing an increased risk of being exposed to heavy fines for unintentional national minimum wage breaches warns Grant Thornton UK.
Job starting salaries are rising at record rates
20 October 2021
Starting salaries, permanent staff appointments and temporary billings have all risen to near-record rates, according to the latest KPMG and Recruitment and Employment Confederation (REC) UK report.
State pension rises 2.5% as pension lock broken
20 October 2021
The government has confirmed that the state pension will rise by 2.5% from April 2022, breaking the pension lock as a result of the impact of the pandemic.
Low threshold wealth tax would raise £260bn
20 October 2021
The introduction of a wealth tax could raise a staggering £260bn if a threshold of £500,000 was selected, but valuing assets could be challenging.
Teenagers missing out on Child Trust Fund Cash
20 October 2021
HMRC is urging young people to check if they have a surprise savings pot in the shape of a Child Trust Fund (CTF), the government savings scheme for children.
‘Back to the office’ to close socio-economic gap
20 October 2021
PwC chair Kevin Ellis stresses that the socio-economic gap will only close in accountancy if young people especially from lower socio-economic backgrounds head back into the office.
Inheritance tax bills hit record £6bn
20 October 2021
HMRC has collected more than £6bn in inheritance tax (IHT) in the past 12 months, the highest figure ever.
Is the UK still attractive to non-domiciled?
20 October 2021
The number of non-domiciled taxpayers is stabilising after the significant reforms introduced in 2017. Tim Crook, head of tax at Gherson solicitors, considers the pros and cons.
