Mosaac Financial Blog

As the UK settles under its first Labour government in 14 years, there is a certain irony that one of the policies of the last Labour government is still playing out, despite being scrapped by the Conservative/Liberal Democrat coalition government in 2010.   CTFs were launched in January 2005. Over the next six years, the government paid £2 billion into accounts for 6.3 million children born between 1 September 2002 and 2 January 2011. In practice, most children’s CTF receive

The pension challenges facing western governments are also confronting the world’s second most populous country. At what age should the state start to pay a pension? The question is a challenge to all governments, whether democratic or otherwise. There are two main drivers, at opposite ends of life: ·         Life expectancy . Unless state pension ages increase in line with life expectancy, the state spends more on pensions and a rising proportion of life is spent in retireme

Investors in cryptocurrencies like bitcoin should not forget the tax consequences of their digital wallets, says HMRC. HMRC regularly boosts tax receipts by nudging taxpayers who are suspected of filling out their tax returns incorrectly or failing to submit a return when one is due. The warning, sent as a ‘nudge’ letter, often stems from investigations HMRC have undertaken, using their extensive powers to demand information from institutions and companies. Nudge letters are