Monthly Archives: December 2022

No-one is above the law as huge amount saved in fraud initiative

A clampdown on fraudsters and benefits cheats has saved more than £400m of taxpayers’ cash. New figures published by the Cabinet Office have revealed that cutting-edge data matching software has been used to weed out the cheaters. The National Fraud Initiative enables organisations to use data and match records so they can pick up where […]

Struggling with mortgage payments? Talk to your lender

Money-saving expert Martin Lewis has advised those struggling with mortgage payments to speak to their lenders as they announced plans to support customers during the cost-of-living crisis. Rising costs and interest rates across the economy are a major cause of concern for consumers in many areas, and the Government understands that mortgage borrowers may be […]

Customers miss out on telecoms savings

The Government has launched a campaign to raise awareness of cut-price social tariffs for broadband and mobile users after figures revealed less than a third of eligible customers had taken advantage. The UK’s biggest broadband and mobile operators made commitments in the summer to support customers struggling with the cost of living, introducing tariffs starting […]

Green opportunities boosted by Government investment

Millions of pounds of Government cash are being invested in training opportunities for green energy workers. Thousands of courses will be rolled out across England to grow a skilled workforce of heat pump and energy efficiency installers, as the Government announces winners of the Home Decarbonisation Skills Training competition. Shining a light on the huge […]

Uprating benefits and cost of living payments

Changes to these support payments were announced in the Autumn Statement last month. They include:   State Pension – will increase in line with inflation. Cost of living payments – the government will provide households on means-tested benefits with an additional £900 Cost of Living payment in 2023-24. Pensioner households will receive an additional £300 […]

Capital Gains planning

Readers may have noted that the Chancellor announced a significant reduction in the annual Capital Gains Tax allowance, currently £12,300, from April 2023.   It is reducing to £6,000 from April 2023 with a further reduction to £3,000 from April 2024.   Taxpayers who are contemplating the disposal of a chargeable asset next year, which […]