trap

ALEX BRUMMER: Virus reveals a debt trap as share prices fall?

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The big question about Covid-19 is: do the authorities know something we don’t?  This was not my observation but that of a UK FTSE 100 chairman employing 130,000 staff around the world with a big presence in the US and China. The decision of America’s central bank, the Federal Reserve, to slash its key interest … Read more

Have you been snared by the £500m pension tax trap?

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Pension savers are being overtaxed at record levels when they dip into their retirement pots. More than 200,000 over-55s have clawed back nearly £500 million since pension freedoms were introduced in 2015. But the taxman is pocketing on average £2,355 too much when retirees make their first withdrawal. This is because HM Revenue & Customs … Read more