Mosaac Financial Blog

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

Will increased capital gains tax (CGT) mean less tax gets paid? The Labour Party’s 2024 manifesto said, ‘We will not increase National Insurance, the basic, higher, or additional rates of Income Tax, or VAT.’ The absence of any comment on CGT meant that Rachel Reeves received persistent questions during the election campaign about a possible increase. Unsurprisingly, there was no definitive answer. At the beginning of August, HMRC published new data about how much CGT had r