Stephen Little

Little known tax trick can boost a child’s pension by 25%

Parents with spare cash can help boost their child’s retirement prospects by putting money into their son or daughter’s pension pot even if they are adults.

This could be topped up by tax relief and also earn their children a tax refund if they are higher-rate taxpayers. It could even reduce the hit they face if they are a higher earner receiving child benefit.

Free social care for over 65s could save NHS £4.5 billion a year

The Institute for Public Policy Research (IPPR) says that the move would remove fears about savings for millions and put dementia patients on the same footing as those with cancer.

The IPPR argues that free care at the point of need should be extended to social care services in England - bringing it into line with Scotland - and more than doubling the number of people receiving state-funded care.

Brexit continues to weigh on London house prices

Regional house price growth is defying Brexit uncertainty, but property prices in London continue to drop, according to the latest Rightmove house price index.

For property coming to market in Wales, the West and East Midlands, and the North West, average prices have hit all-time highs.

Overall, monthly house prices increased by 0.9% in May, buoyed by the higher buyer demand associated with the more active spring market.

On an annual basis, they rose by 0.1%, taking the average house price to £308,290.

UK employment total hits record high as wage growth slows

Wages rose by 3.2% in the three months to March, slightly down on the previous month’s figure of 3.5%, but still outstripping inflation, according to the Office for National Statistics (ONS).

The number of people in work rose by 99,000 in the three months to March to reach a new record high of 32.7 million, while the employment rate remained at 76.1% of the working-age population - the joint-highest figure on record.

House prices in England fall for first time since 2012

According to the Nationwide House Price Index, house prices in England were down 0.7% in the first three months compared to the same time a year ago.

London was the poorest performing region in the first quarter with prices falling annually by 3.8% - the biggest fall since 2009. This is the seventh consecutive quarter in which prices have dropped in the capital.