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The initial savings amount.
The monthly savings amount.
The average annual interest rate.
The average annual inflation rate.
The number of years to save over.
The amount to consider as the investment into the fund.
The expected annual rate of return of the investment.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice. The NI calculation is annualised and therefore due to the change in the employee rate during the year, the amount is only an indication.
18 Mar 2024
The Institute of Chartered Accountants in England and Wales (ICAEW) has stated that new guidance from HMRC on research and development (R&D) tax relief guidance 'could be clearer'.
15 Mar 2024
HMRC is urging working parents to make use of its Tax-Free Childcare (TFC) scheme to help save on Easter childcare costs.
14 Mar 2024
New measures aim to 'break the spell' of financial fraudsters by giving payment providers more time, according to draft legislation published by the government.
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