Health Secretary Andy Burnham yesterday said he wanted to see those with bigger houses pay more to provide for the old.
Up to 17m families would be forced to pay the tax - whether or not their loved one had required any care.
A 10% tax raid would leave the relatives of middle income earners with [...]
The best isas are paying at least 3% on new money put into easy access versions of these tax-free accounts, which are on sale from banks and building societies. This week sees the launch of Barclays Golden Isa Issue 2, which is paying 3.1%, including a 1-percentage-point bonus payable for the first [...]
Simon Moon from This is Money replies: Savers who wish to avoid tax by putting savings into a cash or stock-and-shares Isa do not have to be British citizens.
One of the chief requirements is that you are 'resident and ordinarily resident in the UK for tax purposes'.
This confusing piece of HM Revenue & Customs [...]
Royal Bank of Scotland and Lloyds Banking Group have seen a huge increase in complaints about overcharging, hikes in credit card rates and mis-sold insurance policies, according to figures from the independent Financial Ombudsman Service.
The taxpayer owns 41% of Lloyds Banking Group after pumping in £23bn, and 84% of RBS after putting in £45.5bn.
The [...]
Could I gain two £30,000 tax-free 'allowances' if the package is split into two - at the end of one tax year and the start of the next?
If I am to be a payer of basic-rate tax in the later year can I then pay tax on the second payment at basic rate rather [...]
The background Fuel tax in the UK has risen pretty steadily over the past 15 years, according to Petrolprices.com, the fuel comparison website. Between 1993 and 1999 there was a rapid increase, with duties on fuel increasing by 3% above inflation. This was due to a major change in petrol taxation in 1993 when the [...]
There are fewer than five weeks until the end of the tax year on April 5 and if you don't use your cash Isa allowance by then, you will lose it.
Cash Isas pay tax-free interest, which should boost your returns by 25%. But some sneaky banks have been paying lower interest rates on their [...]
My wife says this is not the case. Which of us is right? T.D., Leeds
Simon Moon from This is Money replies: Lottery winnings are not regarded as income by HM Revenue & Customs so there is no income tax to pay even on the £56.5m collected by recent Euromillions winner [...]
According the research 22% of cars which are 'clocked' are family cars. This type of vehicle, usually between three and five years old, has risen in popularity due to their low tax and running costs. Car clocking is an easy way for unscrupulous sellers to raise the price [...]
Figures published earlier this month indicate that there are 2.8m workers who have been put on short-time working or have had their overtime cut, and many are trying to make up the shortfall.
Kate Philip, a chartered financial planner with adviser Independent Women in Edinburgh, says: 'We are seeing more clients with [...]
© 2008 Daily Financial News