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Bank of England survey suggests UK workers in line for pay rise February 21, 2018

The Bank of England (BoE) has indicated that a significant pay rise could soon be in store for UK workers. Its agents’ survey, which polled 368 UK businesses, suggested that real wages are on course to begin to rise above inflation, and grow by 3.1% during 2018 – a significant rise when compared to 2017’s
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Significant number of UK workers ‘planning to become self-employed’, research finds February 21, 2018

Research carried out by banking group Aldermore has suggested that a significant number of UK workers are planning to become self-employed in the future. Aldermore found that 29% of individuals aim to become self-employed – a notable rise when compared to 2017’s figure of 15%. 15% of workers plan to launch a business in the
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Average UK small business ‘spends £5,000 on tax compliance every year’, study finds February 21, 2018

A new report published by the Federation of Small Businesses (FSB) has found that the average UK small business spends £5,000 per year on tax compliance. The FSB also revealed that small businesses spend three working weeks each year on complying with their tax obligations. Pay as You Earn (PAYE), VAT and national insurance contributions
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Research suggests lack of savings putting individuals ‘at risk of financial hardship’ February 15, 2018

Research carried out by banking group Aldermore has suggested that a lack of business savings is putting a strain on self-employed individuals in the UK. Aldermore’s data suggested that poor business resilience is putting sole traders and freelancers ‘at risk of financial hardship’. It found that 22% of individuals have no business savings at all,
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Research suggests 70% of individuals ‘unaware of inheritance tax nil-rate band’ February 15, 2018

Research carried out by Canada Life has suggested that a significant amount of individuals ‘do not know the threshold’ for the standard inheritance tax (IHT) nil-rate band. Canada Life found that 70% of those surveyed did not know the standard nil-rate band threshold, which currently sits at £325,000. 55% of those questioned do not know
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