Pensions, savings and investments

Increasing numbers of parents are giving money in advance to their children rather than leaving them bequests in their wills as a means of saving on inheritance tax.

A leading think-tank has argued that none of the three main political parties has ventured far enough in identifying the sort of spending cuts and tax rises that may be necessary to reduce the UK’s budget deficit.

UK companies brought forward over £840 million in shareholder dividend payments ahead of the end of the tax year.

The government’s new workplace pension scheme may be rejected by many of the employees it is deigned to help, the CBI has claimed.

The arrival of the recession in 2008 resulted in a drop in overall pension contributions, the first since records began in 1995.

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