March 2022

If you’re interested in trying out contract working and are not ready to register your own company yet, umbrella companies could provide a taster into freelancing. With an existing client bank and full administrative control, it’s arguably…

There are 973 Hargreaves Lansdown ISA millionaires – up from 576 last year - or 69%.There are 2,000 ISA millionaires in the UK.The average age of an HL ISA millionaire is 72.The most common age among HL ISA millionaires is 73, but we have…

By Daniel Fallows As the UK faces a cost-of-living crisis with inflation reaching its highest level for 30 years and the Bank of England forecasting that inflation will rise further to 8% this year – Rishi Sunak has been…

With demand for virtual events rising, a new report reveals more than half of marketing directors are facing a technical skills shortage, leading them to outsource services. Brand experience agency, FIRST, has published a report,…

In April 2022 the Health and Social care levy comes into effect. This is a 1.25 percentage point increase on National Insurance contributions.The Chancellor had been under pressure to scrap the increase in the face of the rising cost of…

NEWSFLASH From July, the National Insurance threshold will rise to £12,570 (it had been scheduled to rise from £9,568 to £9.880). 70% of people will pay less NI than they do this year.Income tax will be cut by the end of the parliament…

Crew Inspections Have Started On P&O Ferries As Airlines Step In To Recruit Redundant Staff The Maritime and Coastguard Agency will be carrying out inspections before any of the eight P&O Ferries affected by the mass…

Recruitment agents and their end clients need to “step up to the plate and increase assignments fees to cover the cost to the worker”, according to the FCSA’s CEO, Chris Bryce. The FCSA’s call for higher contractor pay, especially for…

If a contractor’s personal service company (PSC) and the agency or client that has engaged them have paid tax on the value of the same contract, the PSC and/or contractor should be able to reclaim any duplicated taxes, according to…