Business news

Wage growth exceeds inflation for first time in a year

Employee earnings grew by 2.9% in Q1 2018.

Retired tenants will need £445,000 pension pot

Cost of rent adds £185,000 to required savings.

1 in 3 expect 6-month wait for inheritance

Processing probate takes 11 months on average.

Self-employment jeopardises state pension

Increases in self-employment could cause £2.8bn shortfall.

HMRC warns of tax refund scam

Public told to ‘be alert’ to fraudsters.

SMEs call for more government support

36% are unaware of existing services.

9.5m saving into workplace pensions

Number of auto-enrolment savers up 26% since 2012.

Over-55s face downsizing challenges

49% held back by lack of suitable properties.

P11D filing deadline edges closer

Employee benefits and expenses for 2017/18 need to be reported by 6 July.

Tenant fees ban set to cost landlords £82.9m

Bill to ban letting fees and limit deposits.

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