The Government is currently consulting on increasing the normal minimum pension age, whereby people can access their pot tax-free, from 55 to 57 in 2028. Within the consultation documents put out by the Treasury, the Government has said that raising the minimum pension age to 57 could “encourage individuals to save longer for their retirement”, […]
The latest figures from the Office for National Statistics (ONS) show that the UK economy, as recorded by gross domestic product (GDP), fell by 9.9 per cent during the last year. This is a record yearly contraction and more than twice as much as the previous largest annual fall on record, making it the country’s […]
According to a new study, British savers are concerned that their savings could be devalued if the Bank of England (BoE) were to introduce negative interest rates. Recommendations from the Bank of England to banks to prepare for negative interest rates has certainly spooked some savers, but the research suggests that many have been losing […]
At the start of the new tax year in April the thresholds for student loans will increase, which may affect employees that are repaying their academic fees. The threshold for student loan Plan 1 will increase from £19,390 to £19,895 from this date, and employees on Plan 2 will see their student loan threshold rise […]
HM Revenue & Customs (HMRC) has released new guidance that brings changes to the company car benefit calculations, as the Government looks to encourage greater use of ultra-low emission vehicles (ULEV). Under the new rules, if a ULEV has a CO2 emission figure of 1-50g/km, businesses will now need to provide the car’s zero-emission mileage, […]
Despite the impact that Brexit has had on trade in the UK, a new survey conducted by YouGov has found that 38 per cent of small businesses are likely to trade overseas this year. The study, commissioned by Lawbite, found that of the 791 small businesses questioned two-fifths were planning to trade overseas, which scaled […]
The Government is pressing ahead with plans to increase the rates of the National Living Wage (NLW) and the National Minimum Wage (NMW) from 1 April 2021, while people aged 23 and 24 will be entitled to the National Living Wage for the first time. The NLW will rise from £8.72 an hour to £8.91 […]
The Government has announced that the final report of its fundamental review of business rates will be delayed and will be published in the autumn. It says that by then there should be greater clarity about the economic situation and the future of the public finances. The review was announced by Rishi Sunak at his […]
New research has found that SMEs across the UK are feeling increasingly optimistic about their prospects for the rest of 2021, after the success of the vaccine rollout. The Barclaycard Payments Barometer research found that SMEs expect to grow their revenues by an average of eight per cent. London SMEs, meanwhile, expect to see revenues […]
TWP has partnered with Capitalise, a financial platform that helps businesses raise, recover and protect capital, to ensure we are able to support your capital needs. Business advisory services that we can now offer our clients: Funding Debt recovery Credit improvement (for your business) As we tackle the pandemic, Brexit and other challenges impacting the […]
The quality of our advice has seen us accredited with coveted Platinum Partner status by Xero – a leading provider of accounting software.
The quality of our advice has seen us accredited with Gold Partner status by FreeAgent – a leading provider of accounting software.
Request a call back