Don’t be late with your tax return
The old £100 penalty has not proved to be the deterrent it was intended to be – too many tax payers are still filing late returns. Late filing of your self assessment tax return for 2010-11 will now be subject to a new penalty regime.
Index linked savings are back!
National Savings and Investments (NS&I) index-linked savings certificates are back on sale, offering a lifeline to savers who have seen their nest-eggs eroded by inflation – currently running at 5.3% as measured by the retail prices index.