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55% Pensions Tax to be abolished

People are set to enjoy the freedom to pass on their unused defined contribution pension to any nominated beneficiary when they die, rather than having to pay the onerous 55% tax charge that currently applies to pensions passed on at death. Under the new proposals,...

European Weakness Unnerves Markets

Mounting evidence of a slowdown in the region’s economic recovery was compounded by worrying signs of deceleration in Germany. In particular, Germany reported unexpectedly weak export activity, disappointing manufacturing data and a slump in business confidence. The...