Protect your Pocket

People under 75 who die having started to draw an income from certain types of annuities from April next year will have that money passed on to a beneficiary tax-free.

Pension providers will be required to check whether or not customers buying their products have already taken advice on their options under rules set out by the City regulator to help people make the most of their retirement savings freedoms from next year.

The estimated 35,000 workers receiving the Living Wage will get a boost next year when it increases by 20p/hour to £7.85/hour, it was announced today.

From today millions of people will begin to receive their first annual tax statement in the post, a document that sets out exactly how much they pay in to the Exchequer and how that money is spent.

The number of people going bankrupt has fallen to a 15-year low in England and Wales, according to official figures published today.

If you need to file a paper self-assessment tax return and haven't already done so, do it now to avoid a hefty fine as the deadline is fast approaching . But if you do miss the deadline, don't file by paper – do it online instead.