This post is one of a series on the changes to the UK personal tax regime introduced in the 2008/09 financial year. All Capital Gains Tax charged at 18% We all have a personal allowance, currently £9,600 (and distinct from your personal income tax allowance) before Capital Gains Tax is due. You are also allowed [...]
2008
Just when peer-to-peer bank Zopa was getting interesting again thanks to higher rates, it’s somewhat annoyingly announced plans to limit the kinds of loans you can make with your savings. The new regime will see one, two and four-year loan terms scrapped, with only 36 or 60 month loans being offered to borrowers. This means [...]
This is the third article in a series on the key UK personal tax changes from April 2008. For the others, please see the introduction. Basic rate of income tax has been cut to 20% At last, something to cheer about! The world economy is in turmoil, banks are going belly up, and stock markets [...]
What to make of news that HSBC, the UK’s biggest bank, is offering new customers a mortgage matching deal from Monday 14 April, which will match expiring fixed-rate deals for another two years? Other banks are bolting and nailing shut closing their doors to business and putting their mortgage rates up. Have the senior bods [...]