Following providers making “sizeable” cuts to fixed interest rates in recent weeks, Martin Lewis is urging savers to hold off securing a deal now as even better rates are “likely” to hit the market in days. Posting to his 2.5 million followers on X, previously known as Twitter, the Money Saving Expert founder said: “A thought for […]
Customers with Virgin Money can get a market-leading 5.85 percent with the bank’s One Year Fixed Rate Cash ISA Exclusive Issue 7. A person can pay money into the ISA as soon as it’s opened and up until 30 days after the bank stops selling the account, up to the £20,000 annual ISA allowance. However, […]
Hundreds of landlords are planning to release properties from their portfolios amidst challenging market conditions, a new survey has found. The Simply Business Landlord Report, based on a survey of 1,455 UK landlords, shows that despite high demand for rental properties, 25 percent of landlords intend to sell an investment property in the next 12 […]
Chancellor Jeremy Hunt may postpone announcing changes to inheritance tax (IHT) as the levy is a growing revenue raiser for Government coffers. There were reports the top taxman could reduce IHT rates or set out plans to bin the tax altogether in tomorrow’s autumn statement, but bumper tax receipts may sway him to put off […]
Over a million state pensioners rely on the state pension as their main source of income giving them little financial leeway to meet rising costs. Retirement specialist Just Group looked at ONS data and found that 1.2 million retired households rely on their state pension or pension-related benefits for three-quarters of their income. A person […]
As Express.co.uk reported yesterday, this “nasty tax” gums up the housing market at every level, and causes particular problems for pensioners living in family homes that are now too big for them. An older person downsizing from a £750,000 property to one that is costing £500,000 would pay a hefty £12,500 on their new purchase. […]
A man lost his construction business after bailiffs seized his van over an incorrect parking fine. Dwight Henry, 45, from Hackney, was initially told he would not have to pay the penalty charge notice – but bailiffs later enforced the fine seizing his van and ruining his business. He said: “I’m past furious. The stress […]
Campaigners say offering a targeted cut in Wednesday’s Autumn Statement would help older people who are struggling to heat and maintain larger family homes. Waiving the levy on so-called “last-time buyers” moving to a smaller, more manageable property would also free up residences for young, growing families who need space. Stamp duty raises around £15billion […]
A top Treasury minister has been left embarrassed after a recording emerged of him wondering whether welfare to some pensioners should be scrapped in favour of tackling child poverty. John Glen, who until last Monday’s reshuffle was the second in command at the Treasury, was recorded talking to members of the Cambridge University Conservatives where […]
Benefit claimants and state pensioners may want to check if their payment dates will change over the Christmas and New Year period. People who would get their payments from December 23 to December 26 will instead receive their funds early, on December 22. Those due payments over the New Year period, from December 30 to […]
