Households face being slapped with a pricey “boiler tax” as companies attempt to mitigate the financial cost of the heat pump rollout. Manufacturers are speaking out about the cost of these devices which are being hailed as environmentally friendly and are set to bring energy bills down in the long-term. Worcester Bosch confirmed the cost […]
The “meteoric” rise of Big Tech companies’ share valuations poses a risk to the global economy and threatens far-reaching consequences for savers and investors, economists have warned. Experts have already raised a looming, economic Cold War as a threat with world trade dividing into blocs and trillions of dollars worth of lost output put at […]
The days when most pensioners bought an annuity at retirement to pay them a guaranteed income for life have gone for good. Today, most retirees leave their pension savings in drawdown, allowing them to carry on growing as stock markets rise. While this can bring rewards, it also has dangers. Drawdown is riskier than buying […]
One man has had to sacrifice the needs of him and his daughter, to provide adequate care for his parents (Image: GETTY) One man has had to sacrifice the needs of him and his daughter, to provide adequate care for his parents. As unpaid carers continue to struggle, Britons are reminded about the importance of […]
Inheritance Tax (IHT) is a tax on the estate of someone who has died, including all property, possessions and money. The standard Inheritance Tax rate is 40 percent. Instead of using monetary gifts, the wealthy have put forward alternatives as a way to cover their bills. HM Revenue and Customs collected £3.9billionn in inheritance tax […]
State pension age is currently 66 for both men and women (Image: GETTY) Those approaching retirement could see some benefit payment stops once they reach state pension age as they will no longer be entitled to the monthly payment. State pension age is currently 66 for both men and women, however, a gradual rise to […]
There has been a surge in the number of people paying for Voluntary (‘Class 3’) contributions as they rush to fill gaps in their National Insurance record and build up a full state retirement pension. One reason for the surge in contributions has been the deadlines for filling gaps going back more than six years. […]
Almost one million housholds are facing a devastating council tax rise as Labour Party-run councils teeter on the edge of bankruptcy. The rise to families would constitute a 15 percent increase on the council tax that they are already paying while Britain negotiates the cost of living crisis. The councils of Bradford and Cheshire East […]
The UK’s energy watchdog has unveiled plans to lift its price cap from April next year to help suppliers recover nearly £3billion in bad debts from customers struggling to pay bills. Ofgem said it is proposing a one-off price cap adjustment of £16, equivalent to about £1.33 a month, to be paid between April 2024 […]
Bank of England warned of ‘excessive damage’ to economy after interest rates held (Image: PA) The Bank of England Base Rate will remain unchanged at 5.25 percent, sparking increasing concerns about the potential impact of these 15-year high-interest rates on the economy. Jatin Ondhia, CEO of Shojin, said: “The Bank of England is walking a […]
