Some suggest a limited liability partnership while others say becoming a limited company would be better.
Can you explain the essential differences between the two? H.H., Norwich
Simon Littlejohns, Tax Partner at PKF accountants & business advisers, replies: A Limited Liability Partnership (LLP), available since 6 April 2001, is in many ways a […]
I have paid into the Royal Mail pension plan for more than 20 years. We have already seen big changes last year to cut costs. Can they really cut the amount I will be paid when I retire? J.W., Leeds
Des Hamilton, technical director at the Pensions Advisory Service, replies: Neither a pension scheme's […]
If I register at their address would this cause a massive problem and invalidate my mortgage? M.R., South Kensington, London
Louise Cuming, head of mortgage and protection services at Moneysupermarket.com, replies: I am sorry to be the bearer of bad news, but unfortunately, the terms of your mortgage contract have already been […]
The Financial Services Authority has written to chief executives of firms selling single premium instructing them to ditch the product by 29 May.
The move follows the conclusion of the Competition Commission inquiry in January that proposed a ban on sales.
PPI is sold alongside credit cards and loans to cover repayments if the borrow is […]
It has alerted the Financial Services Authority, which is investigating the handling of complaints at a number of companies and insiders say fines are ‘highly likely’. The culprits are believed to include High Street banks, some of which are now part-owned by the Government.
This is not the first time lenders have mismanaged complaints to […]
In the Swiftcover TV advertisements, rock wildman Iggy, 61, prances around topless as he boasts: ‘I got it Swiftcovered. I got insurance on my insurance. Do it. Get a life. Get Swiftcovered.’
But musicians who applied for cover were told their occupation made them ineligible. They are now complaining to the Advertising Standards Authority.
Tim Soong, […]
Experts have lashed out at Standard Life for its policy, just a week after it agreed to refund almost 100,000 investors £100m in compensation, as they had found a supposedly low risk fund invested in subprime debt.
Standard Life is guaranteeing annuity quotes on its own policies for just one day, while its competitors […]
But instead of leaving it to the insurance companies to sort out I am being sued in the County Court by the owners of the other car involved who happen to be a leasing company.
Though their vehicle suffered only minor damage, they are demanding more than £2,000 and I am under a great deal of […]
A couple living on one average wage must meet tax demands that are 44% higher than those of their counterparts in other wealthy countries.
The burden for traditional two-parent families where the husband is the breadwinner is getting harsher.
They paid more tax in Britain in 2007 than in the previous year and their disadvantage against […]
Skiing and snowboarding holidays are the trips most likely to end in a trip to Casualty.
Not taking out a policy can be a very costly mistake. A broken leg will cost you between £13,000 and £16,000 in the U.S. and up to £7,000 in Europe, according to Norwich Union.
- Money savers: Skiing and snowboarding […]
© 2008 Daily Financial News