U.K. leaders call on pension funds to invest more at home
U.K. pension funds and other institutional investors should join other countries’ investors benefiting from British infrastructure and other long-term investments and rely less on the stock market, said Prime Minister Boris Johnson and Chancellor of the Exchequer Rishi Sunak in an open “challenge letter” Wednesday.
Pensions warning as divorces rise
Around 10,500 people shared their pensions as part of divorce settlements in 2020, research shows.
Over 40,000 challenge their council tax bills
If you believe your property is in the wrong band, you can challenge it through the Valuation Office Agency to get your property revalued and moved into a different, cheaper band.
UK house price growth cools
UK house price growth has dropped to its slowest pace in fourth months, new data shows, as the end of the temporary stamp duty holiday ended a boom in the property market.
Stamp duty take down
The Treasury‘s stamp duty haul has fallen by more than at any point in the past decade, as fears of Brexit continue to hit the struggling housing market. Stamp duty receipts from residential property fell by more than £900m in 2018-19 to £8.4bn, figures released by HM Revenue & Customs show a 10% decrease.
Continuing equity release fears
Thousands of homeowners in their 50s used high-interest equity release loans last year to unlock cash from their properties. But experts have warned that interest payments could erode the total value of the properties leaving retirees unable to downsize and with no inheritance to pass onto children.