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BUDGET 2009: Higher income tax rate hiked to 50%

Income tax rates for high earners is to climb to a massive 50% for those earning over £150,000.

The higher rate will be effective from next April.

This move follows Darling’s earlier announcement in the pre-Budget Report in November that the rate would be hiked to 45%.

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Support scheme may not be answer, says IMLA

Peter Williams, executive director of the Intermediary Mortgage Lenders Association says the government’s Homeowner Mortgage Support scheme may not provide help for everyone.

Bluefin gets rid of Thinc brand

Bluefin Advisory Services last week disposed of the Thinc brand as it transferred Thinc Network Services and Thinc Assured Network to Sesame.

FSA should not instil fear says CML

Speaking at the Council of Mortgage Lenders Annual Lunch 2009 today, Matthew Wyles, chairman of the CML says it is not the right way forward for the FSA to want to be feared.

S&P’s introduces risk-adjusted capital framework

Standard & Poor’s Ratings Services is introducing a risk-adjusted capital ratio for financial institutions.Bernard de Longevialle, credit analyst at S&P, says: “The RAC aims to provide a globally consistent and independent view of capital adequacy for each of the financial institutions we rate. “In our view, other risk-adjusted capital measures are increasingly issuer-specific–potentially making it […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.

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