Double-cab pickups to be classed as cars under new HMRC policy; tuition fees set to rise for first time in eight years; Government champions health benefits of work in new initiative; and Bank of England cuts interest rates to 4.75%.
Saving for retirement can feel daunting for many self-employed people. Without the workplace schemes that salaried workers often rely on, self-employed individuals must take proactive steps to secure their financial futures. But with the right guidance, pensions can become a valuable tool for your retirement planning. We’ll walk you through why pensions are vital, your pension options as a self-employed person and some practical ways to maximise your retirement savings.
Budgeting is the backbone of any business, large or small, providing a roadmap for managing resources, anticipating challenges and setting realistic goals. For small and medium-sized enterprises (SMEs) especially, a robust budget can mean the difference between thriving and simply getting by. Let’s look at how to build a business budget that supports your financial health, plans for contingencies and prepares you for the future.
The Autumn Budget 2024 tackles fiscal gaps with selective tax hikes on employers, personal wealth, and capital gains, while supporting low-income households and smaller businesses to balance growth with financial responsibility.
Private school VAT could affect 55% of parents; UK house prices near record high; IFRS15 meets expectations despite challenges; and Treasury rethinks Non-Dom tax status changes.