Pre-Budget report 2006 - Personal finance
Resources
Pensions backlash as Brown alters rules
Tens of thousands of people who had hoped to bequeath a substantial amount of their pension to their relatives have had their plans dashed by a pre-Budget measure that could see more than 80 per cent of money inherited from personal pensions wiped out by taxes.
Modest package of green tax rises
Motorists and air travellers bore the brunt of a modest package of green tax rises as Gordon Brown countered a Conservative push on the environment with action against polluters
Increase in pension tax charges
Pension investors who wish to pass on their fund to heirs will find more of their pension eaten up by tax charges under proposals put forward by the chancellor
Assault on avoidance to raise more than £1bn
More than £1bn extra tax will be raised by 2009-10 through a clampdown on ‘managed service company’ schemes, used by some workers to reduce their tax and national insurance bills.
Brown sidesteps corporate tax issue
Business groups disappointed by chancellor’s failure to ease corporate taxes and concerned about whether plans to cut red tape will be followed through.
‘Zero carbon’ homes freed from stamp duty
Aim to make all new homes ‘zero carbon’ in 10 years is one of series of green measures that also raise petrol tax by 1.25p a litre and double air passenger duty to £10
Pensions' earnings link to be restored by 2015
The restoration of the earnings link to the basic state pension is guaranteed to come into effect no later than 2015, under the pensions bill published.
The Financial Assistance Scheme
The Financial Assistance Scheme (FAS) is a measure intended to help individuals whose company pension schemes started winding up as a result of their employer becoming insolvent between January of 1997 and February of next year.
Optimism still fuels house price engine
It's been a while since we've seen any big name doomsayers on the UK housing market. Just a few years ago you could take your pick.
Tax-free cash may be lure for many employees
Employer-linked top up pensions are staging a comeback as advisers push these savings vehicles as one of the the most tax efficient ways of saving for retirement.
