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Homeowners reluctant to sell to cover care costs

Most people want to exclude their main home from the assets they may be required to sell to fund care costs for themselves or loved ones.

Research from Aegon found that 57% of people were unwilling to sell the family home to pay for care costs, while 68% agree the state should pick up some of the bill.

Some 64% also called on government to introduce a cap on the total amount...

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Pensions dashboard could be scrapped

A plan to provide retirement savers with a facility to see all their pension plans in one place is believed to be under threat, according to a report.

The online pensions dashboard was proposed in 2016 by former Chancellor George Osborne and received widespread support.

It has the backing of Osborne's successor, Philip Hammond, and Prime Minister Theresa May, although it requires...

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OBR sparks tax hike speculation

Tax hikes may be in the pipeline in Autumn Budget 2018 following the prime minister's pledge to significantly increase spending on the NHS, according to the UK's fiscal watchdog.

The Office for Budget Responsibility (OBR) said the long-term outlook for the UK's public finances looks "less favourable" after Theresa May's promised NHS England an extra £20.5 billion by 2023/24.

It...

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SMEs ‘need more help’ with technology

The government is being urged to consider introducing ‘growth vouchers' to help time-strapped small business owners adopt digital technologies.

Research from the Federation of Small Businesses (FSB) showed that 76% of SMEs made some form of improvement to their business in the last 3 years.

Most (95%) SMEs polled brought in new software, changed marketing processes or made...

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HMRC approves 18 MTD software suppliers

HMRC has released a list of approved Making Tax Digital (MTD) software developers for VAT-registered businesses to use from next year.

Businesses with annual taxable turnover of more than £85,000 will be required to maintain digital records for VAT and submit quarterly returns from 1 April 2019.

Firms with taxable turnover below the VAT-registration threshold will not have to...

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