The payments on an interest-only mortgage are lower than those on a standard repayment mortgage because they only cover the interest due. At the end of the mortgage term, you will still owe the original amount you borrowed. Nevertheless, interest-only mortgages are popular, particularly for buy-to-let borrowers and for those who believe their earnings will increase. When inflat ...

It’s never too early to start thinking about saving for the future. A Junior Individual Savings Account or ‘JISA’ gives children the opportunity to start saving early – via cash, stocks and shares, or a combination of the two – within a tax-free wrapper. The maximum amount that may be paid into a JISA in the 2017/18 tax year is £4,128. This can be invested into a cash JISA or a ...

New Tax facts brochure: Tax Rates 2017-18 ...

With the announcement of a snap General Election on 8 June the time available for scrutinising proposed legislation was short so the Finance Act was rushed through Parliament. Many clauses have not made it to the final legislation due to time constraints. These include the provisions to enable Making Tax Digital, changes for Non Domiciled individuals and corporate losses. The ...