Press Releases
Royal Mail stamp scam: How to tell if your stamp is genuine to avoid £5 fine | Personal Finance | Finance

Royal Mail customers risk being fined £5 per letter for using counterfeit first and second-class stamps as forgeries circulate in the UK. While the counterfeit stamps are notoriously difficult to differentiate from the real ones, certain red flags can be spotted. To help Royal Mail customers avoid being scammed and fined, postal expert and manager […]

Updated: Apr 23, 2024
Premium Bonds customer hits maximum amount but is ‘well under’ £50k limit – NS&I responds | Personal Finance | Finance

A Premium Bonds saver was alarmed as they couldn’t buy more Bonds despite being well under the £50,000 holding limit. The concerned customer got in touch with the NS&I team over X. They said: “I am trying to buy more Bonds currently account is well under the limit of £50,000 but the message keeps saying […]

Updated: Apr 23, 2024
Fears rising school prices will force parents to pull children out of private education | Personal Finance | Finance

More than one in five high net worth parents say they will have to pull their children out of private education as a result of rising school fees, new research has found. Just over one in five (21 percent) parents will have to remove their child from private school and one in four (25 percent) […]

Updated: Apr 23, 2024
‘DWP told my dementia-stricken mother, 92, to repay £7,000 wiping a third off savings’ | Personal Finance | Finance

A woman of 92 who is in the advanced stages of Parkinson’s Disease and dementia faces demands to pay £7,000 to the DWP due to “outrageous” welfare rules. The demand would wipe out around one third of her life savings, according to her daughter Rose Chitseko. The mother – whose name has not been released […]

Updated: Apr 23, 2024
Virgin Money launches new Cash ISA paying ‘excellent’ 5.05% interest rate | Personal Finance | Finance

Virgin Money has launched a new Cash ISA with a 5.05 percent interest rate, earning an “excellent” Moneyfactscompare rating. The interest rate, currently leading the sector, is fixed for a one-year term. Fixed interest rate accounts can offer certainty to saving, as they enable customers to lock in the rate offered at the start of […]

Updated: Apr 23, 2024
Surge in supply of homes for sale in some seaside locations, Zoopla finds | Personal Finance | Finance

Home-buyers in some seaside locations will find the choice of properties has jumped although they may also find prices have increased too according to a website. Across Britain generally, the choice of properties has increased by around a fifth (20 percent) compared with a year ago, Zoopla said. Supply has increased particularly strongly in locations […]

Updated: Apr 23, 2024
House prices warning as now is ‘worst time to be first-time buyer in 70 years’ | Personal Finance | Finance

Building societies are calling for urgent help for young people who have been priced out of the property market. Radical action is needed to turn around a slump in the number of people able realise their home owning dream, according to the Building Societies Association. The total number of buyers with a home loan has […]

Updated: Apr 23, 2024
State Pensioners given ‘act now’ warning to claim £1,319 a month boost – check eligibility | Personal Finance | Finance

Over 1.5 million older individuals claiming Attendance Allowance are set to receive a significant income boost in the coming months, as the Department for Work and Pensions (DWP) has applied the annual uprating to both the State Pension and the disability benefit. Those on Attendance Allowance will receive either £72.65 or £108.55 each week during […]

Updated: Apr 23, 2024
Pensions expert says it’s ‘bad news’ for millions waiting to retire | Personal Finance | Finance

A pensions expert has delivered a blow to millions who will likely have to “wait longer for their State Pension“. It comes as payments from the Department for Work and Pensions to older people claiming the full State Pension rose by 8.5 per cent to £221 per week earlier this month. According to consumer publication […]

Updated: Apr 23, 2024
HMRC tax warning over £689 overpayments – what you need to check to pay right amount | Personal Finance | Finance

Employees unknowingly on the wrong tax code have overpaid HMRC by a staggering £5.8billion collectively, new research shows. Data gathered by Canada Life shows almost a third (31 percent) of UK adults who have checked their tax code found they have been on the wrong code at some point. Up to six percent found they […]

Updated: Apr 22, 2024