NS&I has explained the process to access a person’s Premium Bonds if you have power of attorney, after a woman wanted to access her mum’s funds to pay for her care home costs. A woman called Rebecca contacted the savings provider over X to say: “My mum is in a nursing home with dementia. We […]
EU chiefs have been accused of “disastrous” waste and “financial mismanagement” after the revelation that the bloc could face a bill of more than £370million for a soon-to-be-vacated London building previously leased by the European Medicines Agency (EMA). The 280,000-square foot block, 30 Churchill Place in Canary Wharf, previously occupied by the EMA, an agency […]
A third of higher-rate taxpayers could be missing out on additional tax relief on their pension contributions by not completing a self-assessment tax return, experts warn. The poll, carried out by investment platform interactive investor, found 32.5 percent of respondents either don’t intend to claim or don’t know how to fill one out and claim, […]
Pensioners will be better off in April as the state pension and benefits increase but rising living costs are eating into the value of their income increases. Benefit payments, including Pension Credit, are going up 6.7 percent from April 6 while the state pension is going up 8.5 percent on April 8, providing a welcome […]
The DWP has shared an update as on its project to restore underpayments to thousands of state pensions with many owed almost £12,400. Peter Schofield, Permanent Secretary at the DWP, told the work and pensions committee that the first two stages of the state pension LEAP (Legal Entitlement and Administrative Practice) exercise involving married women, […]
A Premium Bonds holder has expressed their frustration at not winning any prizes in over 50 years. The dismayed customer asked provider NS&I on X: “Is it possible to change numbers? I’ve had Premium Bonds for over 50 years and never won a penny.” As there is a prize draw each month, this means if […]
Nationwide has withdrawn a number of savings deals from sale and replaced them with new issues offering lower interest rates. The building society’s range of new product issues includes Fixed Rate Online Bonds, Fixed Rate Branch Bonds and Fixed Rate ISAs. However, new customers can now only benefit from interest rates of up to 4.25 […]
As living costs continue to surge, Britons are being urged to make extra checks to find out where they can make additional savings. British supermarket chain Iceland is offering a helping hand through its over 60s discount scheme, which enables those aged over 60 the opportunity to bag 10 percent off their shop every Tuesday – […]
Secure Trust Bank has launched a new three-year fixed cash ISA paying in AER of 4.26 percent, earning an “excellent” Moneyfacts rating. The account can be opened with a minimum deposit of £1,000 and interest is applied to the balance annually. Commenting on the deal, Rachel Springall, a finance Expert at Moneyfactscompare.co.uk, said: “Secure Trust […]
The DWP has announced the date people need to check if they’ve received the Winter Fuel Payment to avoid missing out. The payment, which is worth up to £600 to help with heating bills, is distributed by the Department for Work and Pensions (DWP) and most people will get it automatically. Payments started in October, […]
