Monthly Archives: June 2017

Use this ‘£1 trick’ to dodge unnecessary pension tax

Posted on 22/06/2017 by freestyle

Savers are being forced to resort to a “£1 trick” to make sure they don’t get stung by emergency tax levied by HMRC on their pension savings. Because of a quirk of the tax system, if you take a lump sum from … Continue reading →

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Wage growth hit by higher inflation

Posted on 19/06/2017 by freestyle

The amount of money workers are taking home continues to fall as inflation takes its toll, official figures show. Average earnings fell in real terms by 0.6% in three months to April, compared with the same period last year. Before … Continue reading →

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Norwegian fund owners to invest in UK pension scheme

Posted on 12/06/2017 by freestyle

The owners of a Norwegian asset manager, Skagen, is taking a multi-million pound stake in UK pension provider Smart Pension. Smart Pension is a master trust that provides a pension to auto-enrolled workers, in which Legal & General (L&G) owns … Continue reading →

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Amazon shares hit $1,000 for the first time.

Posted on 08/06/2017 by freestyle

Shares in online retail giant Amazon have risen above the $1,000 mark for the first time. The shares touched $1,001.2 at one point on Tuesday before slipping back to $996.7. It originally listed its shares in May 1997 for just … Continue reading →

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