Hicks blog

Pensioners staying in work drives up retirement income

The rise in the proportion of pensioners in employment accounts for a quarter of pensioner income growth, according to the Resolution Foundation.

Apprenticeship levy approaches

Employers with an annual turnover of over £3 million will have to pay a 0.5% levy of their wage bill which will go towards apprentices and training for their business.

Firms prepare for Making Tax Digital

Businesses will be given at least 12 months to prepare for the transition to digital tax accounts.

Retired household income up 13% since 2008

Median income for retired households rose by 3.1%between 2014/15 and 2015/16, according to the Office for National Statistics (ONS).

SME borrowing set to rise in 2017

SME borrowing is projected to rise 22% in 2017, according to Zurich.

Tax and finance changes for 2017

A number of tax and finance changes are set to take place in 2017.

Self-assessment reminder

The deadline to submit your online tax return for 2015/16 is no later than midnight on 31 January 2017.

Autumn Statement 2016 expectations

Chancellor Philip Hammond is due to deliver his Autumn Statement on 23 November 2016.

Pension reforms could cost £5 billion

The pension reforms introduced by George Osborne could cost £5 billion and push house prices up in the long term, according to the Office for Budget Responsibility (OBR).