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Growth in a PEP was free from capital gains tax within the fund and on encashment. [1] Income was free from income tax.When introduced in 1986, the fund was limited to £2,400 (annual allowance), [2] but later increased to two types of PEP: the "general PEP" with an annual allowance of £6,000 and the "single company PEP" with an annual allowance of £3,000.
A specific requirement was the presentation of the applicant's National Insurance number, to ensure only one TESSA (tax free) account investment could be operated by the individual per year. Interest on the TESSA was free from UK income tax. The favourable tax treatment of a TESSA lasted for five years, and it was possible to invest up to £ ...
The Lifetime ISA, announced in March 2016, replaces the HTB ISA. HTB accounts could be opened until 30 November 2019 and contributions can continue until 30 November 2029. [21] An account holder can also have a Lifetime ISA, although the government bonus from only one of the accounts per person can be used for a purchase.
With the average used car selling for $26,717 and the average buyer paying 11.4% interest for the privilege of financing it, previously owned vehicles are hardly the bargain they once were.
The company also launched a major investigation into the “price chipping” practices used by second-hand car dealers and online car buyers. The research showed that the price consumers were offered online was higher than the amount they actually received, with the average drop across all companies surveyed being 6%. [ 19 ]
Fifth Third Bank on Tuesday said it agreed to pay $20 million in penalties imposed by the Consumer Financial Protection Bureau to settle a CFPB investigation into its auto insurance practices, and ...
In 2022, Auto Trader began a partnership with the Office for National Statistics sharing its used car pricing data to power its official measures of inflation, including the Consumer Prices Index. [28] Also in 2022, Auto Trader acquired Autorama, owner of Vanarama, one of the UK’s largest transactional marketplaces for leasing new vehicles. [29]
In April 2012, Nottingham became the first city in the UK to introduce a WPL. [45] The levy charges £350 on each parking space made available to employees at businesses with more than ten such parking spaces. The council have used the revenue of around £10 million a year to develop the city's tram system. [46]