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Employer NI liability increased by 1 per cent

Employers face a 1 per cent increase across the board in their National Insurance liabilities in the next tax year. The increase means from next April employers will pay 12 per cent National Insurance contributions.

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The university of life

When children go to university life for their parents can work out to be extremely expensive. This is especially true if parents are having to pay the costs from taxed income.The costs usually include a contribution towards the normal living expenses of the children and currently, for most of the UK, also include tuition fees […]

UK and Europe fund MD MacLeod quits Investec

Investec Asset Management UK and European funds business managing director Jamie MacLeod has stunned the firm by resigning after two years in the role.MacLeod joined Investec in late 1999 after nine years with Scottish Widows Fund Management and made an immediate impact by raising the firm&#39s profile in the UK and streamlining its range.He was […]

General planning issues

NIL-RATE BANDThe inheritance tax (IHT) nil-rate band has been increased from £242,000 to £250,000.The increased threshold will apply to chargeable transfers occurring on or after 6 April 2002. The threshold is being increased by £3,000 more than the statutory indexation but it is still estimated that 24,000 estates will be caught for inheritance tax in […]

Baillie extends fund range

Baillie Gifford is extending its range of retail funds to include the European smaller companies fund and the developed Asia Pacific fund.Both funds were previously only open to institutional investors. The European fund invests in continental Europe and Ireland and is managed by David Walton. It has a AAA rating from Standard & Poor&#39s and […]

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