New managing director for Sofa

Scottish Life International is guaranteeing a return of at least 10.2 per cent over five years and two months on its protected term deposit – series 1 fund.SLI says the fund is lower risk than with-profits and offers the potential for further gains of up to 51 per cent dependent on the performance of the […]

The Chancellor&#39s decision not to increase stamp duty on residential property has surprised commentators who believed a hike was in the offing to moderate the booming housing market and generate Government income. Overall the move has been welcomed and will relieve the Council of Mortgage Lenders which had accused the Government of using it as […]

The Chancellor has proposed that two new tax credits – the Child Tax Credit and the Working Tax Credit – will be introduced from April 2003. In summary Child Tax Credit will combine all income-related support for children and will be paid direct to the main carer, usually the mother, creating one system of support […]

The Chancellor announced the following reduction in corporation tax rates effective from 1 April 2002 (i.e. retrospectively). The small companies&#39 rate of corporation tax has been reduced from 20% to 19%, and applies where a company has profits of between £50,001 and £300,000. Where a company&#39s profits do not exceed £10,000 there is a new […]