What could state pension reform and the end of DB contracting-out mean for occupational pension schemes?Jill Clucas
The CPI rate is now at its highest level since March 2024, and is higher than the forecast rate of around 2.8%. What is the current CPI rate? The ONS report for January 2025 found that the CPI rate increased to 3%, which is slightly higher than economists’ predictions. This increase ...
Independent contractors and others who receive income from sources other than an employer can expect to receive a 1099 instead of a W-2. So, what is a 1099, and how do you use it to file your taxes? Here's everything you need to know about Form 1099, inc
A Single Premium Immediate Annuity (sometimes referred to as an "SPIA") may be the right annuity for you if you are looking for payments that begin right away and continue for the rest of your life or for a specified period of time. The annuity is purchased from an insurance company ...
3. The post-payroll phase It involves distributing pay to employees, making social insurance and pension contributions, keeping accurate financial records, and filing required forms and reports with government agencies. Depending on where the company’s located, employers will need to hold employee rec...
SEP-IRA: A Simplified Employee Pension (SEP) plan is another way for self-employed individuals and business owners to set up a retirement savings plan for themselves and their employees. These accounts are funded by the employer, and contribution limits are higher than other types of IRAs. In...
11 Stocks Jeff Bezos Is Buying The Amazon founder and former CEO is still a force on Wall Street. Jeff ReevesFeb. 13, 2025 7 Best Cryptocurrency ETFs to Buy ETFs can greatly simplify cryptocurrency exposure for novice and experienced investors alike. ...
Depending on state law, you may have a waiting period between legal separation and obtaining a final divorce. In some situations, you may decide to seek an annulment. An annulment is a court order that declares that a marriage is invalid. When an annulment occurs, it is as if the ...
Note that you can still contribute money to an IRA in these situations, and your earnings will still grow tax-free. All that’s affected is how much you can deduct in the current year. TurboTax Tip: Since you already paid tax on your nondeductible contributions, filing the Form 8606 prov...
The first is used to determine the current cost of the weighted average basket of products, while the second is used to analyze the year-over-year (YOY) change.2 To calculate the annual CPI, the BLS divides the current value of a specific basket of goods compared to one year ago: ...