The Inland Revenue have announced that anyone with an offshore bank account will need to declare account details within the next two weeks, or face possible fines. Even though any accounts which are declared will be subject to the repayment of back taxes, there will be fines and other charges if the Inland Revenue need to investigate themselves.
As we approach the summertime many are turning their attention to that well earned break, that week or two away from the office, the sun and sea, and time with the family. While the UK may be suffering from rising interest rates at the moment, there is some good news for that trip overseas.
The rise in UK interest rates has made the pound better value against a number of other currencies, resulting in more for your pound than 12 months ago. So where should you visit?
While the majority of the UK adult population have access to a credit card, more and more are starting to use their credit cards for cash withdrawals. Do you know how much a credit card cash withdrawal actually costs you? You may be shocked!
The UK financial sector is perhaps one of the most competitive in the world, which is why it attracts the attention of so many overseas conglomerates. In the midst of this excessive competition we often see some great promotional “incentives†to take out certain products, services, etc.Â
While many of these “offers†sometimes seem too good to be true, who really pays for them?
While there has been much discussion about the housing markets in both the US and UK, it appears that the cracks are starting to show in the US market with a major mortgage lender on the verge of bankruptcy.Â
The “word†from US market experts is that New Century Financial is on the verge of bankruptcy, as financial firms are preparing to pull the plug on future credit lines, with a further 6 or 7 companies also “teetering on the brinkâ€.
While the Pension market in the UK has, and continues to undergo momentous changes there are a number of issues which seem to have been missed in all of the headlines.Â
One such area is the settlement of investor compensations claims, which have been increasing in the US over the last few years in particular. There have been high profile payments from Enron and AOL / Time Warner, but millions of dollars are going unclaimed - are you one of those who has suffered, but not claimed?
