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More than £3,000 has been wiped off the value of pension pots in the past four years, according to a new report by Prudential insurance. The survey found that individuals retiring this year can expect to receive an average retirement income of £15,500 - £3,100 less than those who retired in 2008
Read More Revenue issues crackdown on post-cessation trade reliefHM Revenue & Customs (HMRC) has introduced new legislation to block a scheme involving post-cessation trade relief, with immediate effect. Post-cessation trade relief allows individuals to claim a deduction in their income tax calculations for certain costs and bad debts after a trade, profession or vocation has ceased
Read More Clegg launches employee ownership planPlans to cut red tape and introduce tax breaks for employee-owned companies have been unveiled by the Deputy Prime Minister Nick Clegg. Addressing the city earlier this week, Clegg urged firms to offer shares to their employees in a bid to boost productivity and 'unlock growth'. The Government hopes the plans will create a so-called 'John Lewis economy' and encourage 'responsible capitalism'
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