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Latest Business News from Blessed Ltd, Mitcham

 

 

The best Junior ISA savings Accounts

 

A Junior cash ISA is a tax-efficient way to save for your child or grandchild.

 

Avoidance crackdown nets record collection for HMRC

 

The government has now collected a record £1 billion in tax payments from individuals using tax avoidance schemes as a result of new collection rules, according to HMRC.

 

Awareness and uptake in Government investment schemes uneven

 

The system of claiming tax relief on investments should be used by the government to make investment easier and fully realise the potential of existing schemes, a new report by the Institute of Directors argues.

 

Retirees ignore housing equity options

 

More than two thirds of people aged 65 and over have housing equity that could help bolster their retirement income, according to LV=.

 

Digital connectivity drives small business growth

 

The health of the digital market for small businesses is helping drive growth despite gaps in expectation, service quality and delivery, according to a report by the Federation of Small Businesses.

 

Property prices predictions

 

While property prices are expected to soar, predictions suggest that incomes will not keep pace, resulting in an overall decline in affordability, the report found. At present in the UK, the average property price is 7.9 times the average income, but by 2030, this is expected to hit 9.7 times the average salary. In London, where prices are currently 11.5 times income, they are predicted to rise to an eye-watering 16.5 times income by 2030.

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