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Pensions, savings and investments

HMRC wins access to offshore bank account details

Over 300 banks and financial institutions will be obliged to hand over details of their customers’ offshore accounts to the tax authorities.

No plans for raising retirement age still further

The government has insisted that there is no need to up the state pension retirement age beyond the increase to 68 planned for 2044.

Savers see higher returns

Competition among banks and building societies in their efforts to attract new customers has pushed up the general level of interest rates on savings accounts.

Last 'amnesty' for unpaid taxes on offshore accounts

People who have money in offshore accounts but have not disclosed the tax that may be owing are being given a second and final chance to settle their bills at a reduced penalty rate.

Savers to benefit from improved compensation rules

Savers will get better protection in the event of their bank or building society collapsing.

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