The LITRG believes that in order to increase trust in pensions and consequently take-up, there must be clarity and reassurance that contributions and investments are in good hands and well-protected against incompetence and criminality, and that more should be done by the Financial Conduct ...
In responding to the Social Security Committee of the Scottish Parliament’s inquiry into Social Security and In-work Poverty, LITRG has focused on the particular problems facing Universal Credit (UC) claimants in self-employment. We highlighted our concerns that if major changes are not made there ...
This is the first time we have responded to one of their annual consultations, but this year, we thought there were some areas of questioning that we could usefully comment on, including the minimum wage post 2020 and on enforcement and compliance issues. In our response to the LPC’s questions ...
LITRG highlight the problem that some claimants seem to think that the Bereavement Support Payment (BSP) is reckonable as income for tax credits. If people are incorrectly declaring it as income, then this could be reducing their tax credits award unnecessarily, at a time when every penny counts. ...
In the consultation document it is confirmed that planned extension of the off-payroll working rules to the private sector from April 2020 will not apply to small businesses in the private sector that engage with off-payroll workers. In our response we welcome this, however go on to say that is not ...
LITRG has raised concerns to the government over the impact of its proposals to restrict private residence relief for capital gains tax from April 2020. Among other changes, the government wishes to halve the final exemption period (again) from 18 months to 9 months, and restrict the availability ...