One reason is that many pensioners are better off than they were, thanks to company and personal pensions, and the state pension triple lock. Another is that Hunt and Prime Minister Rishi Sunak have frozen the personal allowance at £12,570, all the way to 2028. Up to a million pensioners now face paying income tax […]

OVO has paid customers over £808,000 for shifting their electricity usage out of peak times over the past year. So far, customers have collectively shifted more than 756,500 kilowatt-hours of electricity out of the peak hours of 4pm to 7pm when the grid is more heavily reliant on fossil fuels. This shift is said to […]

Wholesale oil prices are not the only factor that determines what you pay on the forecourt. The petrol prices also reflects retailer margins and fuel duty. Up to three quarters of each litre you buy goes straight to HM Treasury. The more the oil price falls, the higher the percentage tax you pay. Motorists will […]

Rampant UK inflation rates have wreaked havoc in the mortgage market over the past year, with some homeowners reporting payment increases of up to 501 percent. With analysts expecting the Bank of England Base Rate to remain at 5.25 percent until mid-spring next year, many may be wondering what this could mean for their mortgage. From […]

Fed-up TV viewers of all ages are refusing to pay the licence fee in their “hundreds of thousands” and MPs are calling for the levy to be scrapped. Culture Secretary Lucy Frazer confirmed on Thursday the TV licence fee would rise next April from £159 to £169.50 – a hike of £10.50 or 6.6 per […]

MoneyMagpie: How to save money on bills during Winter The mornings are getting colder but it’s so expensive to put the heating on all day that a lot of us feel we should just shiver and put up with it. In fact, according to Ofgem, as of October 2023 the price for energy a typical […]

Janet Reeder is one of the many women who felt they were “robbed” of their state pension at age 60 due to changes to the state pension age – which is now 66 for both men and women. With no time to prepare, she explained how hard it has been to keep afloat as her […]

Here is a full list of the new interest rates on ISAs and online bonds currently on offer from Nationwide: 1-Year Fixed Rate Online Bond – 4.90% AER 1-Year Fixed Rate Branch Bond – 4.90% AER 1-Year Fixed Rate ISA – 4.90% AER/tax-free 2-Year Fixed Rate Online Bond – 4.75% AER 2-Year Fixed Rate Branch […]

Experts are urging workers to take advantage of pension tax relief as an “eye-watering” amount in savings is being made. Last year, pension tax relief saved Britons around £25.4billion, a rise from £5.5billion over the last five years. For the 2023-24 tax year, this figure is forecast to reach £27.7billion following changes to the annual […]

Here is a breakdown of some mortgage rate changes which are being implemented by the lender: 60 percent LTV five-year fixed rate residential purchase mortgage with a £999 product fee is now priced at 4.39 percent, down from 4.64 percent 75 percent LTV five-year fixed rate residential purchase mortgage with a £999 product fee is […]