by Dan Eatch | Jul 23, 2018 | Investments, Pensions, Tax planning
The erosion in the values of tax thresholds is known as ‘fiscal drag’, and is a highly-effective form of stealth tax used by Chancellors from successive governments. Fiscal drag is the result of not adjusting tax thresholds (or allowances) in line with inflation....
by Dan Eatch | Jan 31, 2018 | Investments, Mortgages, Pensions, Protection, Tax planning
THE CHANCELLOR DETAILED A LONG LIST OF TAX CHANGES IN HIS AUTUMN BUDGET, ALTHOUGH HE WAS GENERALLY MORE CAUTIOUS THAN HE WAS IN HIS SPRING ANNOUNCEMENTS. Back in March last year, Philip Hammond’s Budget debut as Chancellor almost marked his simultaneous finale in the...
