File your tax return on time!
In the past as long as you paid your tax liabilities on time and cleared any self-assessment tax due by 31 January, no late filing penalties were due. Even if you failed to pay your tax on time, late filing penalties were capped at £100 or nil if you were due a tax refund.
FSA warnings over structured products
Structured products offer a “guaranteed return” for a fixed time period usually dependent on the return of a number of financial stock indices. The regulator has revealed it worried the growing number of structured products is placing a strain on firms’ systems and controls.
House prices turning?
In October, the price of a typical home was 0.8 per cent higher than 12 months ago, taking average house prices to £165,650. Robert Gardner, chief economist at Nationwide, highlighted that given the “challenging economic backdrop”, the latest data is “encouraging”.