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New law introduced to help protect pension savers from scammers November 17, 2021

New rules to help protect pension savers from scammers have become law. Under the regulations, pension trustees and scheme managers will be given the power to stop suspicious transfers before cash gets into the hands of fraudsters. Fraudsters frequently offer ‘too good to be true’ incentives to pension savers, such as free pension reviews, early
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Costs ‘weighing on businesses’ sustainability intentions’, FSB finds November 17, 2021

A report published by the Federation of Small Businesses (FSB) has revealed that the costs associated with going green have impacted small firms’ plans for becoming more sustainable. The FSB’s report found that the majority of UK small firms are concerned about climate change but just one in three has plans in place to combat
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Treasury received five million malicious emails over past three years, research finds November 17, 2021

Research carried out by think tank Parliament Street has revealed that HM Treasury received almost five million malicious emails over the past three years. A Freedom of Information (FoI) request submitted by Parliament Street found that 4,870,389 malware, phishing and spam emails were blocked by the Treasury over the three years. The research revealed that
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Payment period on residential CGT is doubled November 17, 2021

The government has doubled the payment period for capital gains tax (CGT) on residential property from 30 days to 60 days. Although the measure was not announced by Chancellor Rishi Sunak in the recent Autumn Budget, it was included in HM Treasury’s Budget publication. The change applies from 27 October 2021. It sees the deadline
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IFS predicts millions to be worse off next year due to tax rises November 17, 2021

The Institute for Fiscal Studies (IFS) has predicted that millions of people will be worse off in 2022 as a result of spiralling costs and tax rises. Responding to the Autumn Budget, the IFS predicted that low-income families will ‘feel real pain’ due to a rise in the cost of living. The Office for Budget
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