Chancellor Jeremy Hunt is said to be considering cutting inheritance tax in half in the upcoming Spring Budget to help underline the political divide with Labour. Any changes to the controversial levy on March 6, will be part of Prime Minister Rishi Sunak’s “gear change” on tax. Downing Street is reportedly considering a range of […]
Inheritance tax is owed on the part of someone’s estate above the tax-free threshold of £325,000, which can rise to £500,000 if a home is given to a child or grandchild. The current rate one is taxed is 40 percent. There are reports suggested that downsing street could be scrapping the tax in next years […]
Martin Lewis‘ MoneySavingExpert site has urged Britons to take a meter reading to make sure they are being correctly charged when energy bills go up next week. The energy price cap is increasing on Monday, January 1, with energy rates increasing by around five percent. The latest edition of the Money Tips email urged families […]
Brits slashed their discretionary spending by 41 percent in 2023 – cutting back on takeaways, clothes, and nights out, figures have shown. The annual poll, of 2,000 adults, found that, despite persistent cost-of-living challenges, 53 percent have either achieved, or made significant progress towards, their financial goals this year. To do this, four in 10 […]
Goals are very personal and depend on one’s stage in life (Image: Getty) As the New Year approaches many will have had their finances front of mind this month be it due to current festive spending volumes or wanting to ensure they are in the best position for 2024 with careful budgeting. To help Britons […]
First Direct is paying new customers £175 to move their current account. In addition to this, people also get access to its linked regular saver which pays seven percent interest on up to £300 a month. UK bank account holders can get a free £175 using a simple bank account switch. Many people will also […]
Britain is on track to smash its £1trillion target for exports before 2030. Lord Offord, Minister for Exports, put the goal at the heart of the 2021 export strategy. Marco Forgione, director-general of the Institute of Export & International Trade, said: “We are now sat in 2023 and it looks like that will not only […]
Britons can get an extra £150 to help with energy bills (Image: Getty) With applications for this year’s Warm Home Discount now open, an elderly and mobility expert shared his concerns about the challenges faced by the older generations in maintaining adequate heating in the winter months as they suspect even more households will be […]
Chancellor Jeremy Hunt could announce changes to inheritance tax in the Spring Budget as more people become liable for the 40 percent tax. There were rumours the Chancellor would announce changes to the tax or even scrap the policy, in the recent Autumn Statement, but there was no update on the levy. Jon Sullivan, inheritance […]
Cuts to income tax and fuel duty could be announced in the Spring Budget next year as the Conservatives seek to boos their popularity ahead of the General Election. Experts at Hargreaves Lansdown are also predicting Chancellor Jeremy Hunt could announce for help for first-time buyers. Susannah Streeter, head of money and markets at Hargreaves […]
