Almost one million pensioners face a stealth tax raid from the Treasury as new analysis shows an unwelcome surprise for the elderly. The raid on Britons’ finances is set to hit up to 900,000 pensions within months thanks to Prime Minister Rishi Sunak‘s six-year freeze on tax thresholds. Hundreds of thousands of retirees who are […]
Saving money can be difficult, especially with the cost of living continuing to be quite high. But one challenge now has worked out how you can save a substantial amount of cash at the end of the year. And it just starts with £10, reports the Daily Star. After putting away your tenner, the savings […]
In his weekly Money Saving Expert newsletter, Martin Lewis highlighted eligibility for Attendance Allowance from the Department for Work and Pensions (DWP). New research from Money Saving Expert and Policy in Practice found over a million people who qualify for the benefit are not claiming it. The personal finance expert said ill or disabled people […]
Twenty years ago China was hailed as the investment opportunity of the millennium, as it threatened to overtake the US as the world’s biggest economy amid breakneck growth. Now it’s lost its way as increasingly authoritarian leader Premier Xi Jinping battles against a string of crises. Investment funds targeting China and emerging markets became a […]
A financial planner has warned about some of the common things people don’t understand when it comes to inheritance tax. Megan Jenkins, partner at wealth management firm Saltus, warned the tax can be complicated for families to understand and there is no “one size fits all” for the levy. She said her clients don’t understand […]
Bereaved famlies are facing surprise bills for thousands of pounds as funeral plans taken out by their lost loved one often don’t even cover the basics. Paul McLean, who runs Integrity Funeral Care in Hackney, said he often has to break the news to a grieving family that their funeral plan doesn’t cover all their […]
Every year, and particularly during the cost-of-living crisis, we have heard politicians telling us to “cut down on the high street coffee shop visits” if we want to save money. Whilst many guffaw at this and view coffee out as a very occasional treat (and only a few quid anyway), for many people, your coffee […]
A pastor in a poverty-hit area of the UK has warned that grieving families are being forced to turn to loan sharks and criminals to pay their funeral costs. Pastor Mick Fleming, who ministers in Burnley, Lancashire, described young people taking their own lives only for bereaved pensioner parents to be left struggling to access […]
Research shows that more than 42 percent of Britons say they don’t have enough saved to be able to afford to retire. The key to saving for retirement and “having enough,” is starting early an expert has explained. Nearly a fifth (17 percent ) said they wish they had started planning for retirement earlier. Those […]
Around one in 20 Brits say Valentine’s Day is now “too expensive to celebrate”. A new survey has found those who spend cash on February 14 splash out around £39 on their partner. Around 7% of those who celebrate the occasion admit to spending between £91 and £100. The survey was carried out by researchers […]
