Stamp duty land tax holiday fuelled equity release spike
Homeowners released £1.17 billion of property wealth between April and June 2021, said the Equity Release Council (ERC).
Tax savings on offer from the stamp duty holiday are thought to have spurred on over-55s to help their children get onto the property ladder.
The tax breaks that become available when you wed.
It’s wedding season and as the chime of church bells becomes more common again after months of lockdown, married couples will be pleased to learn that there’s more than just love in the air when you get married.
Is it time to tidy up your finances this spring?
With spring in the air and the 2021/22 financial year just a month old, there’s no better time to take stock of your financial arrangements and see how they’re working for you. Of course, you can check your direct debits or standing orders and cancel any you no longer use. You can switch energy providers or even share your Netflix account.
Cryptoasset investors have received further clarity on the tax treatment of their unregulated investments from HMRC. Bitcoin is by far the most well-known cryptoasset, although there are more than 1,000 others in existence. Last month, the value of one Bitcoin soared past $60,000 (roughly £43,383) for the first time after some high-profile companies adopted it as a payment method.
How will the measures affect your finances? More than usual seemed to be at stake for last month’s Budget: we waited with trepidation for further news on the eye-watering economic costs of the pandemic, while still coming to terms with the human cost.