Savings

Under current UK law, life insurance payouts are not automatically exempt from Inheritance Tax. Whether they are taxed depends entirely on how the policyholder and beneficiaries are arranged. The key factor is whether the payout forms part of the deceased’s estate.

In recent years, QR codes have become an indispensable part of daily life and are increasingly common across the UK. Whether ordering drinks in a bar or paying for parking, a quick scan can complete the transaction within seconds. According to British media reports, in just one year QR scams have cost consumers more than £3.5 million.

As winter approaches, heating, electricity and food expenses are expected to climb even higher, potentially pushing more households into debt crises. At the same time, HMRC has announced the restart of its Direct Recovery of Debts (DRD) scheme, which allows the tax authority to deduct unpaid taxes directly from individuals’ bank accounts.

UK weather maps show the exact 3 consecutive days snow is forecast in October; Nearly 500 companies have been fined by the government for failing to pay employees the legally mandated minimum wage; Rachel Reeves plots £1bn cut to Motability scheme.

Since April this year, multiple tax increases in the UK have not only added pressure on businesses but also made the cost-of-living challenge for households more severe—water, electricity, and energy bills have all gone up. From October 1, Ofgem has updated the energy price cap, increasing the average annual household bill by £35.14 to £1,755.14 (up from the £1,720 rate effective since July).

In 2025, global population growth has entered a new stage of observation – many countries are seeing a marked decline in fertility rates, and the world is stepping into a ‘low fertility era’. As the demographic dividend gradually fades, numerous countries are now introducing new policies to encourage childbirth.

In recent years, immigration to the UK has reached record highs.  Home Office data shows that in 2023 net migration exceeded 740,000, the highest in history. From the Conservatives raising the salary threshold for work visas, to Labour proposing a ten-year route to permanent residency, tougher immigration policy has become a rare point of cross-party consensus.The Reform UK party went further: if it wins the next general election, it would abolish the right of work visa holde

The UK Chancellor, Rachel Reeves, has confirmed that the next Autumn Statement will be delivered on 26 November.  It is expected to include a series of potential tax adjustments and fiscal reforms. Given that inflation has remained high in recent months and the UK economy has shown weak data, many analysts believe Reeves may avoid raising taxes directly on ‘working people’, such as VAT, income tax, and National Insurance contributions.  Instead, the government may target bank

HMRC Urges 758,000 Young People to Claim Unused Child Trust Funds; Prime Minister’s Labour Conference Focuses on Immigration Policy and Education Reform; Packaging Tax Increases Cost Pressures, UK Food Inflation May Rise by Another 0.5%

Do you know which supermarket is the cheapest in the UK?Aldi has once again been named the cheapest UK supermarket for a standard basket of groceries. However, according to the latest survey by consumer group Which?, Lidl briefly overtook Aldi last month, claiming the top spot as the UK’s cheapest supermarket for the first time since 2023. However, the lead didn’t last long. Aldi quickly reclaimed its position as the cheapest supermarket, pushing Lidl back into second place.

When living and working in the UK, most people associate October with two familiar events: the clocks going back for winter time and Halloween. But there is something far more important than ‘trick or treat’ for many – the critical deadline for self-assessment tax registration. Most employees in the UK pay tax automatically through the PAYE system.

HMRC to resume taking tax owed by debtors directly from their bank accounts; The government has announced plans to introduce a digital ID system across the UK; Starmer denies putting seven-acre field in trust to avoid inheritance tax

One of the main advantages of setting up a limited company in the UK is that shareholders can receive income through dividends. Compared with salary, dividends are taxed at lower rates, which can reduce overall personal tax liabilities. For example, in the 2024/25 tax year, each shareholder benefits from a £500 dividend allowance. Beyond this, dividend income is taxed according to the individual’s income tax band. This means that once income exceeds the personal allowances (£

State pension likely to rise by 4.7% in April! Temu’s UK operation doubles revenues and pre-tax profit! Reeves plots ‘taxi tax’ as borrowing costs soar

HMRC raises small business ‘phoenixing’ tax loss to £836mn！150,000 people join 'Unite the Kingdom' march in London! UK economy saw zero growth in July

UK Deputy Prime Minister admits to underpaying property tax and steps down; UK rents hit a record high with the cheapest regions revealed; Shein faces a UK tax storm as billions in revenue “flow” to Singapore.

On 15 June 2025, the UK government officially launched a landmark reform in the real estate sector — the new Energy Performance Certificate (EPC) assessment standard, RdSAP 10, came into effect. As the most significant upgrade to the EPC system in over a decade, this policy shift will have profound implications for property transactions and the rental market, bringing new compliance requirements, investment considerations, and opportunities for landlords, investors, and in

Number of countries suspending parcel shipments to the US grows to 25! More than £8bn wiped off British banks over Reeves tax raid fears! Electric cars eligible for £3,750 discount announced

Against the backdrop of high taxes and rising living costs in the UK, many people choose to build up their wealth through savings interest or investment products. What some may not realise, however, is that while savings capital itself is not taxed, the interest earned on savings is subject to taxation – this is known as the tax on savings interest. In recent years, the tax burden on British savers has grown heavier.

Britain’s pension system is under mounting pressure, with millions of retirees already struggling to make ends meet and younger generations at risk of even greater hardship in the future. Recent data from the International Longevity Centre (ILC) and the Pensions Policy Institute paints a stark picture of a nation facing a deepening retirement crisis.