The Unified Pension Scheme (UPS) is a significant policy shift in India’s approach to government employees’ retirement benefits, providing an option for those under the National Pension System (NPS) to switch to a model that guarantees assured benefits. Here’s an overview and comparison of the UPS with the Old Pension Scheme (OPS) and the New…
With the HMRC tax return deadline fast approaching, Martin Lewis, founder of MoneySavingExpert, has issued a crucial update on how savings interest and tax work for UK taxpayers. His breakdown aims to clarify confusion around who needs to pay tax on savings interest and how much. Key Takeaways from Martin Lewis’ Update How to Pay…
Morrisons has revealed plans to cut more than 200 positions from its Retail People Team as part of a major cost-saving initiative heading into 2025. The move aligns with growing industry trends as supermarkets grapple with mounting economic pressures. The job cuts follow recent warnings from CEO Rami Baitiéh about the “avalanche of costs” businesses…
HMRC has denied accusations of intentionally providing subpar phone services to encourage taxpayers to use online resources instead. A report by the Public Accounts Committee (PAC) revealed that nearly 44,000 callers were abruptly disconnected after waiting over an hour on hold in the first 11 months of the 2023–24 financial year. This figure marks a…