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How to avoid tax creep in retirement

The state pension went up 8.5% in April, but frozen thresholds mean pensioners will be paying more tax

BUZZ-Housebuilders: rally still has legs

Reuters - UK Focus

** Another strong day for housebuilders after UK Finance Minister Osborne on Wed replaced stamp duty slab system with an incremental tax system

** Taylor Wimpey (LSE: TW.L - news) (TW), Crest Nicholson, Bellway (LSE: BWY.L - news) up 2.6-3 pct near top of FTSE 250, with blue-chip Persimmon (Other OTC: PSMMF - news) 1.5 pct firmer

** Analysts bet on more gains even after strong rally in H2 - which will propel Barratt Developments (LSE: BDEV.L - news) & TW into FTSE 100 in latest reshuffle - aided by a pushing back of rate rise expectations Chart: http://link.reuters.com/myz53w

** Starmine shows firms in sector trade at an avg discount of 98.6 pct to intrinsic value, using data up until Wed's mkt close

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** UBS (NYSEArca: FBGX - news) said it sees scope for potential total return of about 20 pct on avg on 12-mth view in a note published early Thurs

** George Godber, manager of the CF Miton UK Value Opportunities Fund, comfortable with large exposure to homebuilders in portfolio. (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)