Protect your Pocket

The majority of workers will pay less in tax from April next year, after Chancellor George Osborne has today announced that the amount people can earn tax free will rise.

Pension providers will be required to check whether or not customers buying their products have already taken advice on their options under rules set out by the City regulator to help people make the most of their retirement savings freedoms from next year.

From today millions of people will begin to receive their first annual tax statement in the post, a document that sets out exactly how much they pay in to the Exchequer and how that money is spent.

The estimated 35,000 workers receiving the Living Wage will get a boost next year when it increases by 20p/hour to £7.85/hour, it was announced today.

The number of people going bankrupt has fallen to a 15-year low in England and Wales, according to official figures published today.

If you need to file a paper self-assessment tax return and haven't already done so, do it now to avoid a hefty fine as the deadline is fast approaching . But if you do miss the deadline, don't file by paper – do it online instead.