MT Financial News - June 2014

From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:

Insurance payouts add up to £3bn

New figures from the body that represents the UK’s insurance industry have highlighted the importance of cover in helping individuals and families cope with the financial difficulties arising as a result of a death, serious illness or injury.

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Worker urged to take action on tax bills

British workers celebrated Tax Freedom Day on 28 May, the day on which they stop paying everything they earn to the taxman and start earning for themselves.

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No ‘silver bullet’ solution for care costs, say experts

A new report from the Institute and Faculty of Actuaries (IFoA) has found that only eight per cent of men and 15 per cent of women entering care today at the age of 85 would be likely to reach the government’s new social care cap, being introduced in 2016.

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