AUTHOR

David Prosser

David Prosser is a freelance journalist with more than 20 years of experience writing about personal finance, business, economics and entrepreneurship. A former business editor of The Independent and personal finance editor of Express Newspapers, David has also written for The Times, The Guardian, The Observer, The Financial Times and a range of specialist magazines and websites.

Why house deposits and pensions don’t mix
Pensions

Why house deposits and pensions don’t mix

First-time buyers should not be able to raid their pension savings to pay for a house deposit.
26 Oct 2020
How excessive fees can fleece pension savers
Pensions

How excessive fees can fleece pension savers

Pension savers could be paying tens of thousands of pounds in unnecessary charges over the course of a lifetime.
26 Oct 2020
Last chance to secure a Bounce Back loan for your small business
Small business

Last chance to secure a Bounce Back loan for your small business

The government’s Bounce Back loan scheme will only run for another six weeks. Act now if you need to take advantage of it.
16 Oct 2020
Pensions drawdown: don't take too much money out of your pension fund
Pensions

Pensions drawdown: don't take too much money out of your pension fund

New evidence suggests people are depleting their pensions too quickly – and they risk running out of cash in retirement.
14 Oct 2020
SSAS: how a niche pension product is bolstering small businesses
Pensions

SSAS: how a niche pension product is bolstering small businesses

Small business owners struggling with the effects of the Covid-19 pandemic are increasingly turning to a novel type of pension plan that gives them mu…
12 Oct 2020
State pension age’s slow but steady rise
State pensions

State pension age’s slow but steady rise

Both men and women now have to wait until their 66th birthdays to claim their state pension.
9 Oct 2020
Ethical investing: how to build an ethical pension
ESG investing

Ethical investing: how to build an ethical pension

We examine the best options for investors who are looking for help in building a long-term portfolio of ESG investments.
6 Oct 2020
Job Support Scheme: new programme will help small businesses support staff
Small business

Job Support Scheme: new programme will help small businesses support staff

All small companies are eligible for the Job Support Scheme, the Treasury’s latest employment programme.
2 Oct 2020
Insurers may be forced to pay out to firms hit by Covid
Small business

Insurers may be forced to pay out to firms hit by Covid

Hundreds of thousands of firms who have been affected by the Covid-91 pandemic may now be able to claim on their insurance policies.
25 Sep 2020
The pros and cons of the government's new Kickstart jobs scheme
Small business

The pros and cons of the government's new Kickstart jobs scheme

The government’s new work placement scheme, which provides funding for employers to offer work placements to young people, is appealing. But the red t…
11 Sep 2020
The cost to small businesses of the return to the office
Small business

The cost to small businesses of the return to the office

The costs of employees returning to the office may be tough for some small businesses to swallow, and there is financial support for back-to-work cost…
11 Sep 2020
Mind the inheritance-tax trap when transferring your pension
Pensions

Mind the inheritance-tax trap when transferring your pension

Transferring your pension could incur inheritance tax for your heirs, says David Prosser.
9 Sep 2020
Government opens up second round of help for the self-employed
Small business

Government opens up second round of help for the self-employed

The second round of the government’s SEISS scheme, which offers grants of up to £6,750 to self-employed people, is now open. Applications will be acc…
28 Aug 2020
How to claw back tax overpaid when opting for pension drawdown
Pensions

How to claw back tax overpaid when opting for pension drawdown

Many retirees opting for drawdown schemes – taking money out of their pension savings – have overpaid tax. Here’s what to do to get it back.
26 Aug 2020
Pandemic sparks annuities panic among retirees
Pensions

Pandemic sparks annuities panic among retirees

Savers’ appetite for annuities appears to have increased sharply during the Covid-19 pandemic.
21 Aug 2020
The final furlough: the job retention scheme is winding down
Small business

The final furlough: the job retention scheme is winding down

The government’s Job Retention Scheme is winding down, says David Prosser. Prepare now.
17 Aug 2020
The drawbacks of pension drawdown
Pensions

The drawbacks of pension drawdown

Income drawdown – tapping your pension savings for income – can be risky, says David Prosser. Here's what to watch out for.
11 Aug 2020
Covid-19 sees a surge in early retirement
Pensions

Covid-19 sees a surge in early retirement

The number of people taking early retirement has risen by more than ever before, says the ONS – in part because of problems in the labour market cause…
7 Aug 2020
Will insurers cough up over Covid?
Small business

Will insurers cough up over Covid?

Hundreds of thousands of small businesses should hear in September whether their insurers are legally bound to pay out on business interruption polici…
3 Aug 2020
HMRC defers tax deadline for millions of self-employed people
Small business

HMRC defers tax deadline for millions of self-employed people

The coronavirus pandemic means the 31 July payment on account date has been postponed for six months.
31 Jul 2020
Don’t be tempted to transfer out of your final salary pension scheme
Pensions

Don’t be tempted to transfer out of your final salary pension scheme

Switching out of final-salary schemes is very rarely a good idea, no matter how much money is on offer
29 Jul 2020
Bounce Back loans pass the one million mark
Small business

Bounce Back loans pass the one million mark

More than one million small and medium-sized enterprises have now taken out Bounce Back loans.
17 Jul 2020
The mini-Budget boost for small companies
Small business

The mini-Budget boost for small companies

Government cash is on offer for small businesses that retain staff and recruit new workers.
17 Jul 2020
This landmark pension case could mean big payouts
Pensions

This landmark pension case could mean big payouts

Defined-benefit members in bankrupt firms’ pension schemes could be due a payout after a landmark High Court judgment.
10 Jul 2020
Bank of England sceptical about pension superfunds
Pensions

Bank of England sceptical about pension superfunds

Plans for “pension superfunds”, cleared by industry regulators in recent weeks, could pose a threat to financial stability.
10 Jul 2020
How to prepare your business for the return to work
Small business

How to prepare your business for the return to work

Riding the rebound will take careful preparation for small business owners. Here’s what to consider.
5 Jul 2020
Deadline looms for self-employed to get government help
Small business

Deadline looms for self-employed to get government help

Time is running out to secure help from the first round of the Self-Employment Income Support Scheme.
3 Jul 2020
How the pandemic has affected your pension scheme
Pensions

How the pandemic has affected your pension scheme

It’s time to review the effect of Covid-19 on your retirement savings and take any necessary action.
30 Jun 2020
HMRC to claw back unneeded aid from businesses
Small business

HMRC to claw back unneeded aid from businesses

Businesses that claimed money they didn’t need face trouble if they are found to have breached the schemes' terms.
19 Jun 2020
Have you been furloughed? Here's how it could hit your pension entitlement
Pensions

Have you been furloughed? Here's how it could hit your pension entitlement

Your pension savings could be squeezed by the state's furlough scheme – and its withdrawal.
16 Jun 2020
Women are missing out on state pension money
State pensions

Women are missing out on state pension money

Hundreds of thousands of women are being paid less state pension than they are owed because of government errors.
12 Jun 2020
State support for small businesses on the slide
Small business

State support for small businesses on the slide

Government aid for small firms is winding down. Make plans now.
6 Jun 2020
An update for the business-rate support scheme
Small business

An update for the business-rate support scheme

The government has added £600m to plug the gap in its small business rates relief scheme for businesses in shared-office buildings.
5 Jun 2020
Should you put off paying your VAT bill?
Small business

Should you put off paying your VAT bill?

Just because you can put off your VAT bill doesn’t mean you should. It is a loan, not a cancellation of the debt.
5 Jun 2020
Landmark ruling puts pension tax relief in jeopardy
Pensions

Landmark ruling puts pension tax relief in jeopardy

Savers who made in specie contributions to pensions – transferring assets such as art or property instead of paying in cash – could face big bills
1 Jun 2020
Savers tap in to their pensions as Covid-19 saps cash
Pensions

Savers tap in to their pensions as Covid-19 saps cash

Covid-19 hardship is leading record numbers of people to dip into their pension savings early.
30 May 2020