Investment funds pools the capital of many individual investors to invest in one or more types of underlying financial securities. In the UK, investment funds are either open-ended investments companies (‘OEICs’) or Unit Trusts. Investment funds typically hold shares (which…
Every year, UK- based investors benefit from a capital gains tax (‘CGT’) allowance. This allowance means that up to a certain value (£12,300 in the 2020/21 tax year), UK individuals do not pay any capital gains tax on any profit…
If “the world is on fire”, as Greta Thunberg recently suggested, then our banking and financial system is helping to fan the flames. This is why 101 leading influencers from across finance, civil society and academia have signed a letter…
It is expensive to be poor. Millions of us are being ripped off by a system designed to trap people into an unmanageable spiral of debt. Banks, rent-to-own, payday and doorstep loan companies are all getting rich off the back…