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Young likely to be poorer than parents ‘at every stage in life’, claims IFS

A new report by the Institute for Fiscal Studies (IFS) claims that young people are on course to be less wealthy than their parents throughout their lives, largely due to increasing pension values for older generations. The IFS report examined the evolution in household wealth between 2006 to 2008 and 2010 to 2012 and discovered […]

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Autumn Statement: Business group urges Chancellor to cut tax admin costs

As the 2015 Autumn Statement approaches, the British Chambers of Commerce (BCC) has urged Chancellor George Osborne to cut tax administration costs, as part of the Government’s drive to reduce red tape by £10 billion by the end of this Parliament. In a letter to cabinet ministers, the BCC has outlined a number of recommendations […]

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Workplace pensions ‘could be postponed for millions’ amid concerns over small business implementation

A report from the National Audit Office (NAO) has revealed that the Government has drafted contingency plans for placing a last-resort ‘emergency pause’ on the pensions auto-enrolment scheme, as fears arise over the disorder that the legislation could bring for smaller employers. Government ministers will make use of the emergency pause option if auto-enrolment proves […]

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    • PML Accountants
    • 56a Station Road,
    • Port Talbot,
    • West Glamorgan,
    • SA13 1LZ

    Tel: 01639 870 087