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Cartered Istitute of Taxation calls for simpler tax system

The Chartered Institute of Taxation is calling on Chancellor of the Exchequer Gordon Brown to simplify the tax rules for pensioners in his next Budget.

The Low Incomes Tax Reform Group, a sub-committee of the CIT, believes the Chancellor is sympathetic to their demands.

These include the issuing of tax exemption certificates to the poorest pensioners taking them out of the tax system completely and the announcement of details of personal allowances before Christmas next year to prevent overpayment.

Group chairman John Andrews says: &#34The political pressure has been building to do something for pensioners and we believe the time is right for a reforming Chancellor to make some bold moves.&#34


No improvement for Scot Mutual funds

Scottish Mutual believes the abysmal performance of its range of protected funds will continue well into next year. In a memo obtained by Money Marketing, the life office admits any improvement in the performance of its Controlled Risk and Protected funds before the spring is &#34remote&#34. The life office believes a stockmarket correction induced by […]

Skipton Guernsey launches two fixed rate bonds

Skipton Guernsey, the offshore arm of Skipton Building Society is launching two new fixed rate bonds.The bonds can be fixed to either September 30, 2000 or 2002.The one year bond is fixed at 6 per cent gross and the three year at 6.75 per cent gross.Both bonds are subject to a minimum investment of £10,000 […]

Berry Birch & Noble acquires financial planning division of Bradstock Financial Services

IFA Berry Birch & Noble is acquiring the financial planning business of Bradstock Financial Services in a move it believes will boost annual turnover by £1.5m.BB&N will recruit 45 former BFS employees expanding their financial planning client base by up to 22,000 clients.BB&N chief executive Derek Berry says: &#34I am sure that this development will […]

Insurance brokers to get new set of rules

General insurance brokers will need to have professional indemnity insurance of at least £1m according to the industry&#39s new regulator.The industry&#39s self regulatory body, the General Insurance Standards Council says intermediaries will not be allowed to mix customer monies with their own and must maintain solvency at all times.The proposed rule book was published today […]

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The politics of healthcare

Healthcare is already one of the key battlefields in May’s general election, with each of the main parties committing to deliver improvements to the NHS and public health.


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