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MT Financial News

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

Women lose out financially due to lack of confidence, according to new report - April 5, 2018
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Only one in three women describe themselves as very or extremely confident when it comes to their finances, according to a new survey by ISA provider Scottish Friendly. Their latest Disposable Income Index (DII) has revealed that while nearly half of men were confident handling their financial affairs the number of women who felt the … Continue reading Women lose out financially due to lack of confidence, according to new report


Thousands of parents and caregivers missing out on pension benefits - April 5, 2018
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It has been estimated that as many as 100,000 pensioners and family members could be missing out on National Insurance Credits to top up their pension funds. Information obtained from a freedom of information request submitted to HM Revenue & Customs (HMRC) shows that in the 12 months to September 2017, only 9,486 people applied … Continue reading Thousands of parents and caregivers missing out on pension benefits


Parents missing out on important pension protection - March 28, 2018
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Families across the UK could be missing out on millions of pounds of additional pension income as they fail to realise the connection between claiming child benefit and protecting their state pension record. In the 1970s, the system of Home Responsibilities Protection was introduced, which was designed to treat women and men who were at … Continue reading Parents missing out on important pension protection


First-time buyer numbers hit a record ’11-year high’ - March 28, 2018
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The number of people taking their first step on to the property ladder hit an 11 year high in 2017, according to trade association, UK Finance. Last year there were 365,000 first-time buyers in the UK – an increase of 7.4 per cent over the previous year and the highest number since 2006. According to … Continue reading First-time buyer numbers hit a record ’11-year high’


The number of millionaire households is on the rise in the UK - March 28, 2018
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The Office for National Statistics (ONS) has released a new report that shows that the number of UK households that could consider themselves as millionaires rose by nearly a third in just two years. Around 3.6 million households in Britain had wealth in excess of £1million, according to the latest data (collected in 2016). This … Continue reading The number of millionaire households is on the rise in the UK


UK private housing stock worth £6 trillion - January 19, 2018
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For the first time ever, UK private housing stock has surpassed the £6 trillion value mark, according to the latest research from the Halifax. The Halifax report has shown that in 2017 the value of privately-owned homes has grown by £376 billion to reach £6.015 trillion – meaning that the average residential property value is … Continue reading UK private housing stock worth £6 trillion


Only half of employees are happy with rise in Workplace Pension contributions - January 19, 2018
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A new study by Aviva has found that only 50 per cent of the 2,007 people it surveyed would definitely stay ‘opted in’ to a workplace pension scheme following a rise in minimum contributions. From April 2018, minimum pension contributions will rise from the current two per cent (typically one per cent from the employer … Continue reading Only half of employees are happy with rise in Workplace Pension contributions


Government’s coffers set to increase as a result of Inheritance Tax - December 15, 2017
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Latest figures suggest that an additional £900million in Inheritance Tax (IHT) will be collected by the Government between now and 2022. Documents which were released as part of the recent Autumn Budget revealed that the Treasury expects to receive a larger than expected amount from IHT over the next five years. Back in March, the … Continue reading Government’s coffers set to increase as a result of Inheritance Tax


First-time buyers exempted from SDLT on homes up to £300,000 - December 15, 2017
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First-time buyers across the UK are celebrating after the Government brought an immediate end to Stamp Duty Land Tax (SDLT) on first home purchases on properties worth up to £300,000 – as well as savings on homes worth up to £500,000. With property markets across the UK stalling and with fewer first-time buyers purchasing homes, … Continue reading First-time buyers exempted from SDLT on homes up to £300,000


Are interest rates on savings finally set to rise following change in the base rate? - December 15, 2017
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In November, the Bank of England took the decision to raise its base rate for the first time in a decade, from 0.25 per cent to 0.5 per cent. While the increase may only be small, savers across the country may now be hopeful that rates on savings accounts will rise, following years of historically … Continue reading Are interest rates on savings finally set to rise following change in the base rate?


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