A tax trap for new mums; a mini-bond firm in default; and the rise in bulk annuity pension deals - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
The tax trap catching out thousands of new mums "Tens of thousands" of women are losing years of National Insurance credits by not registering for child benefit - even if they do not need it - when they have a child, according to this Sunday Times piece. The woman the article is framed around, Susie, will need to work for 18 years, rather than for 13, in order to build her National Insurance record up to the 35 years required to be eligible for the full state pension. Far more women are affected than men, the piece says, because they make up the majority of stay-at-home parents. Onc...
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