Women face needing to work for an extra 19 years to retire with the same pension savings as men typically, research shows. Career gaps, caring responsibilities, childcare costs and lower earnings contribute to women often having less money saved for retirement than men. Women retire on average with pension savings of £69,000, compared with £205,000 […]

The average house price rose by 1.3 percent in January, marking the fourth monthly rise in a row, according to Halifax. Annually, property values increased by 2.5 percent – the highest annual growth since January 2023. A typical UK home now costs £291,029, over £3,900 more than December. But this trend isn’t consistent across the […]

People up and down the country are continuing to look for ways to save money on their bills. The cost of living continues to rise, meaning families are forced to tighten their belt. People have been looking for the time to switch their heating off and other kinds of money saving methods. But, according to […]

Pensioners are feeling the pressure of the rising cost of living – as a retired person who wants a moderate lifestlye needs an extra £8,000 a year to get by. The cost of a moderate retirement has increased from £23,000 a year to £31,300 a year for a single person, while couples need £43,100, up […]

Martin Lewis has urged those who bought a car in the past few years to take action as they could be owed thousands of pounds. The issue affects people who were loaned funds through a car finance deal to purchase a motor vehicle such as a car, van or campervan, where the finance agreement was […]

Savers could get a shock tax bill from HMRC as they unknowingly reach the threshold for paying tax on their interest. The issue affects parents who have a non-ISA savings account for their child, as once a child earns over £100 a year interest on money gifted from their parents, they have to pay tax […]

Britons have been urged to consider investing their savings in stocks and shares as they could boost their savings by almost £1,000 in just two years. Figures from True Potential showed with the average savings account containing a balance at £17,365, if this was invested in the stock market with an average return of seven […]

The Department for Work and Pensions (DWP) has shared new details about switching people from old benefits to Universal Credit. Jo Churchill MP, DWP Minister for Employment, explained this plan recently. A detailed schedule of moving claims from old types of income support and tax credits to Universal Credit will start from April 2024. However, […]

Households on low incomes will start to receive a £299 cost-of-living payment from today. It is the third of up to three payments totalling up to £900 paid to eligible households on means-tested benefits over 2023/24 and comes as part of a support package that has been helping households since autumn 2021. Households receiving tax […]

Workers saving up for their pension are set to see their contributions increase as the threshold for auto-enrolment has been maintained. The DWP has confirmed the trigger for auto enrolment will be maintained at £10,000 a year for the 2024 to 2025 tax year, while the point from which a person’s earnings are used to […]