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New Advice from the FSA
Moneymadeclear is a website from the UK’s Consumer Financial Education Body, established by the Financial Services Authority. In areas of personal finance it offers impartial information and tools that can help individuals work out what’s right for them and promises 'no selling, no jargon, just the facts'. The new section looks at mortgages for first time buyers and those looking to remortgage
Two Year Pay Freeze for Personnel Earning Over 21K
The MoD have confirmed that uniformed personnel earning over £21,000 pa will have their pay frozen for two years. The impact will be felt by three quarters of Service Personnel. Andrew Robathan, the Under Secretary of State for Defence, defended the position by reiterating the earlier announcement that the operational allowance was being doubled
Shot Across the Bow from the PM
David Cameron has warned that all public sector employees can expect less generous pensions in future. He said the total bill for these pensions was becoming unaffordable. The Prime Minister has suggested public sector organisations would need to follow the lead of private companies where arrangements have altered for both existing and future employees
Use Your Car at the Office?
Since the reduction of Home to Duty and other MMA allowances were announced in April there has been quite a kickback. There may however be some mitigation in the form of tax relief on business mileage. The MoD are keen that personnel are aware of the relief and how to go about claiming it
