Home responsibilities protection not in national insurance

Some individuals may be missing home responsibilities protection (HRP) from their national insurance record, which could impact the amount of state pension that they are entitled to. The government is identifying affected individuals and will be writing to them with their recalculated state pension entitlement. Home responsibilities protection (HRP) was a scheme that applied between […]

Can you still claim tax relief for working from home?

Millions of workers were able to claim tax relief on expenses they incurred from working from home during the Covid-19 pandemic – but the rules have changed since then. Some people will still be eligible to make a claim for 2022-23 and beyond, but only in certain circumstances. If you were forced to work from […]

Working from home tax relief claims for 2022/23

ICAEW’s Tax Faculty highlights that employees should check whether they are eligible to make a claim. Two relaxations were introduced as a result of the COVID-19 pandemic lockdowns to allow millions of employees to claim tax relief for the costs of working from home during the 2020/21 and 2021/22 tax years. These were: the relaxation […]

10 steps to buying your first home in 2023

Getting on the property ladder for the first time is an ambition for millions who want to own their home. The trouble is, buying a property is a complex and arduous task, especially in the current financial climate with a recession and increasing borrowing costs.  As a result, first-time buyers are getting older; the average […]

Best mortgage rates for home movers and first-time buyers

Mortgage rates are falling, as the market continues to recover from the shockwaves caused by the government’s mini-budget last autumn – but figures still remain high. More than 1,500 mortgages were withdrawn in September, resulting in average rates on two-year fixes rising to a 14-year high. However, as some of the cheapest deals have now […]