Spending Review – 11 June 2025
June 13, 2025
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HIGHLIGHTS Click here to download the full Spending Review
New research has highlighted the groups on track for a retirement of scrimping. Several investment institutions publish annual reports on the state of the retirement
In June, HMRC begins sending out simple assessments. They will come as a surprise to many recipients. From June 2025, HMRC will begin to issue simple
The first Friday of May was a busy news day. The ideal day to make an announcement that you might prefer to be overlooked –
The Government is taking an increasing interest in where pension funds are investing – or not investing. As March’s Spring Statement underlined, Government finances are
The April inflation figure was outside the Bank of England’s target range. Source: Office for National Statistics The Bank of England’s annual inflation target, set
A new word was added to investors’ vocabulary in April. “Well, I thought that people were jumping a little bit out of line. They were
Research has shown the lack of awareness about the next change to the State Pension Age (SPA). Changes to SPA have proved fertile grounds for
Taxpayers relying on HMRC to sort out the tax due on interest are given a warning. As had often been noted over the last few
In 1975, the Chancellor’s Budget dared to go where no successor has dared since. 1975 was a memorable year in UK politics. In February 1975,
2025 introduces a technical change to company car tax, which could alter your next choice of car. In recent years, the tax rules for company
The government is showing no signs of changing its plans to levy inheritance tax (IHT) on pensions. Sometimes what creates the most noise in the
The House of Commons Treasury Committee has been pondering the future of Lifetime ISAs (LISAs). The Lifetime ISA (LISA) is arguably a good example
The Office for National Statistics has taken a fresh look at our mortality. Source: ONS Roughly every two years, stories in the media tell us
There were no tax increases in the Chancellor’s Spring Statement (upgraded from an initial Spring Forecast), but that might just be pain deferred. Before
INTRODUCTION In mid-March 2024, the then Shadow Chancellor, Rachel Reeves gave the Mais lecture to the good and the great of the City. In it
The government has confirmed that there will be no revisions to automatic enrolment in workplace pensions for 2025/26. For a government facing an investment shortfall
The start of the new tax year warrants as much planning as the end of the old tax year. While the end of the
HMRC may not have as many friends as it claims to have ‘customers’, but is it value for money? In the United States, there has
2025’s first set of inflation numbers were higher than expected, but more rises are coming. Source: ONS The UK has experienced an inflation rollercoaster since