Quarter of women over 55 have no private pension

One in four female homeowners over the age of 55 have no private pension, according to research from SunLife. In a poll of more than 1,000 homeowners over 55, 24% of women said they had no savings stashed away in a private pension, compared to only 6% of men. The...

Audit industry shake-up gathers momentum

The Competition and Markets Authority (CMA) has thrown its weight behind MPs who have called for a break-up of audit and consultancy services. Earlier this month, the Business, Energy and Industrial Strategy Committee highlighted a conflict of interest between audit...

HMRC clarifies ‘tax avoidance’ stance

Contractors who declared to HMRC what they received through disguised remuneration schemes over the last 20 years can settle their bills on the terms offered before the rules changed in 2017. Since April 1999, up to 40,000 members of these schemes were paid in loan...

Increasing state pension age fuels jobs market growth

Increases in the state pension age are believed to be partially responsible for the UK's employment rate reaching its highest rate since records began in 1971. According to the Office for National Statistics (ONS), the employment rate in the UK reached 76.1% between...

Latest HMRC glitch excludes tax demands

A glitch within HMRC's self-assessment system surrounding some taxpayers' payments on account will not be resolved until 31 July 2019 at the earliest. The Revenue has experienced a string of computer errors in recent months, with the latest problem resulting in some...