HMRC CUTS LATE PAYMENT INTEREST TO 7%
Following the Bank of England’s base rate cut to 4.5% on 6 February, HMRC will lower its late payment and repayment interest rates from 25 February.
CHANGES TO INHERITANCE TAX ON PENSIONS FROM 2027
From April 2027, unused pension pots and death benefits will be included in an individual’s estate for inheritance tax (IHT) purposes.
BANK OF ENGLAND CUTS INTEREST RATES TO 4.5%
The Bank of England (BoE) has cut the base rate by 0.25%, bringing it to its lowest since May 2023.
