Furlough scheme end date: When will the furlough scheme end? | Personal Finance | Finance

For the month of August, the Government will keep paying the 80 percent subsidiary, but employers must now cover National Insurance and Pension contributions. Throughout the month of September, the Government will pay 70 percent of wages, with employers paying the outstanding 10 percent alongside National insurance and pension contributions. In More...

by Tony Korbe | Published 9 hours ago
By Tony Korbe On Tuesday, August 11th, 2020
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Inheritance Tax UK: How families could face ‘hefty tax liability’ amid threshold change | Personal Finance | Finance

The HMRC report, published at the end of last month, stated Inheritance Tax receipts decreased in 2019-2020 for the first time since 2009-2010. The Department received £5.2billion during 2019-2020 – a More...

By Tony Korbe On Monday, August 10th, 2020
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1,800 firms revealed plans to make redundancies in June | City & Business | Finance

Figures obtained by the BBC in a Freedom of Information request showed 1,778 companies informed the Insolvency Service of their intention to cut more than 139,000 jobs in England, Scotland and Wales. This compares More...

By Tony Korbe On Monday, August 10th, 2020
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Scotland economy news: Recovery could be ‘derailed’ by further local COVID lockdowns | City & Business | Finance

The latest Royal Bank of Scotland Purchasing Managers’ Index (PMI) found the coronavirus-related downturn in the Scottish private sector “eased noticeably” in July. The report’s Business More...

By Tony Korbe On Sunday, August 9th, 2020
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Tax inquiry: How CGT could see a ‘greater alignment’ with income tax post coronavirus | Personal Finance | Finance

Tax increases are a commonly held worry among the nation’s workers and savers and coronavirus has only made those fears more prudent. Rishi Sunak and the wider government have launched several support measures More...

By Tony Korbe On Sunday, August 9th, 2020
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Inheritance tax warning: Parts of your estate may go to the crown – do you have a will? | Personal Finance | Finance

Inheritance tax (IHT) is usually charged at 40 percent and will need to be paid when a person dies and is passing on their assets. An IHT threshold can be increased if the person involved leaves parts of their More...

By Tony Korbe On Saturday, August 8th, 2020
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Free bus pass age is changing for some people in UK due to state pension age changes | Personal Finance | Finance

The calculator will then state the date when the individual would qualify for a bus pass, according to the different countries in the UK. However, it’s important to be aware that some may be able to get More...

By Tony Korbe On Saturday, August 8th, 2020
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Inheritance Tax UK: These rules are vital for couples to note on their IHT bill | Personal Finance | Finance

Inheritance tax is currently set at 40 percent by HM Revenue & Customs (HMRC). It is payable on the value of estates in Britain which fall above the current £325,000 threshold. Even for those who have an More...

By Tony Korbe On Friday, August 7th, 2020
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State pension age changes explained as latest rise to affect these people next month | Personal Finance | Finance

However, for these changes, the way the increases take place will be phased. It means that rather than reaching state pension age on a specific date, those affected will reach state pension age at 66 years and More...

By Tony Korbe On Friday, August 7th, 2020
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Employment allowance: What is employment allowance and who qualifies? | Personal Finance | Finance

Coronavirus has wrought damage both on public health and the general economy, leaving businesses and their employees financially unstable. Many people have relied on newly extended benefits such as Universal More...

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