A WEEK IN PERSONAL FINANCE

Catching individuals not paying any tax and moonlighters not declaring second incomes contributed to the Inland Revenue's raising of pounds 1.6bn from counter-evasion and -avoidance work, according to its annual report for 1994-5. The Revenue admitted about 7 per cent of PAYE taxpayers - roughly a million and a half people - had been given the wrong tax codes.

A survey from the Royal Institution of Chartered Surveyors showed more people went house-hunting last month. The Building Societies Association and the British Bankers Association reported drops in loan figures, but analysts detected slight signs of a recovery in the housing market.

Internet users can test the effect of Budget tax proposals via a tax model developed by the Institute of Fiscal Studies available from noon tomorrow. At 6pm on Budget night the IFS will have amended the model to allow individuals to enter their circumstances and see how they have been affected by Ken Clarke's Budget. http://www1.ifs.org.uk/

Insurance and pension companies are taking legal action to prevent compensation claims for alleged mis-selling of personal pensions going through the courts. Meanwhile City regulators decided not to take disciplinary action against the Prudential over its use of a controversial approach to selling personal pensions. This involved getting customers transferring pension monies out of employer-based schemes to sign a declaration saying they had not been advised to transfer by the Pru.

The Data Protection Registrar has warned credit reference agencies which supply lenders with confidential information about an individual's finances to crack down on leaks. The fear is that data has been passed to debt collectors, private investigators and marketing businesses.

Almost eight million mortgage- holders have had to cut spending on holidays, entertainment, cars, clothes or even food to afford mortgage payments over the past three years, according to a survey for Direct Line, the telephone insurer which has recently started selling mortgages. Average mortgage payments by the UK's 17m homeowners are pounds 300 per month.

Independent Partners; Do you need financial advice on your investments, pension or insurance? Book a free consultation with an independent Financial Adviser at VouchedFor.co.uk

News
peopleHere's what Stephen Fry would say
News
i100
Sport
Serena Williams holds the Australian Open title
sportAustralia Open 2015 final report
Sport
footballLive: All the latest from today's Premier League matches
PROMOTED VIDEO
Finacial products from our partners
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs Money & Business

    Recruitment Genius: Software Development Manager

    £40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...

    Ashdown Group: Product Manager - (Product Marketing, Financial Services)

    £30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...

    Recruitment Genius: Compliance Assistant

    £13000 per annum: Recruitment Genius: This Pension Specialist was established ...

    Ashdown Group: Market Research Executive

    £23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...

    Day In a Page

    Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

    Isis hostage crisis

    The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
    Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

    The runaway buccaneers and the ship full of gold

    Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
    Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

    Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

    Maverick artist Grayson Perry backs our campaign
    Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

    Assisted Dying Bill: 'I want control of my life'

    This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
    Move over, kale - cabbage is the new rising star

    Cabbage is king again

    Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
    11 best winter skin treats

    Give your moisturiser a helping hand: 11 best winter skin treats

    Get an extra boost of nourishment from one of these hard-working products
    Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

    Paul Scholes column

    The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
    Frank Warren column: No cigar, but pots of money: here come the Cubans

    Frank Warren's Ringside

    No cigar, but pots of money: here come the Cubans
    Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

    Isis stands strong as its numerous enemies fail to find a common plan to defeat it

    The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
    Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

    Virtual reality: Seeing is believing

    Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
    Homeless Veterans appeal: MP says Coalition ‘not doing enough’

    Homeless Veterans appeal

    MP says Coalition ‘not doing enough’ to help
    Larry David, Steve Coogan and other comedians share stories of depression in new documentary

    Comedians share stories of depression

    The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
    Has The Archers lost the plot with it's spicy storylines?

    Has The Archers lost the plot?

    A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
    English Heritage adds 14 post-war office buildings to its protected lists

    14 office buildings added to protected lists

    Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
    Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

    Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

    Scientists unearthed the cranial fragments from Manot Cave in West Galilee