Inheritance tax rebates linked to falling house prices

Falling house prices around the UK could potentially lead to a rise in claims for inheritance tax rebates, a report has claimed. Inheritance tax is currently charged at 40% on the part of an estate that exceeds the £325,000 threshold. This threshold can be increased...

CBI: Apprenticeship levy must evolve

A generation of young workers risk being left untrained unless the apprenticeship levy is reformed by the end of the year. The Confederation for British Industry (CBI) claimed the risk comes from an increasing use of automation and AI in the workplace. Businesses...

State ‘should contribute towards funeral costs’

Tax and national insurance contributions (NICs) should be used to contribute towards funeral costs, according to a report. Free healthcare through the NHS and the state pension are among the benefits funded by tax and NICs. Research from SunLife claimed one in six...

Few savers on track for retirement

Most savers (56%) believe they are not stashing away enough money to fund a comfortable retirement. The statement comes from the Pensions and Lifetime Savings Association (PLSA), which polled 2,096 people. Only one in five respondents were confident they are on track...

Official review for controversial loan charge

Chancellor Sajid Javid has announced an independent review of the controversial loan charge that applies to disguised remuneration schemes. HMRC was authorised by parliament to pursue individuals and companies that used the schemes dating back to 1999. The aim of the...