Cat owners in England are being warned to make sure their felines are microchipped before new regulation comes into force. From June 10, 2024, all cats in England must be microchipped and registered on a database by the time they reach 20 weeks old. With just under two months to go, the experts at Go […]
Millions of Britons are potentially missing out on hundreds of pounds extra income a year because their cash ISA savings are in accounts paying 1.50 percent interest or less, according to new research. The analysis from Yorkshire Building Society and CACI shows this is impacting a staggering five million instant access cash ISA accounts with […]
Half a million benefit claimants are being reminded to “take action” or risk losing Government support. This group are in receipt of support through the legacy Tax Credit regime and are due to be migrated on to Universal Credit. The Department for Work and Pensions (DWP) is writing to the 500,000 individuals to alert them […]
HMRC has been slammed with complaints following last-minute alterations to its new pension tax system, which has replaced the Lifetime Allowance with a lower limit on lump sum payments. The tax authority advised some clients last week to postpone taking their pension benefits or transferring them until it can rectify incorrect legislation related to the […]
Lloyds Bank has launched a new digital pension product to help make saving for retirement “simpler”. Ready-Made Pension allows customers to consolidate up to 10 pension pots using the app or internet banking. A tailored pension is then created based on their age and retirement goals, managed by experts. The service also enables individuals to […]
Roughly three quarters of the nation’s 12.5million pensioners will pay income tax this year, of whom 650,000 may be doing so for the first time since they retired. They need to prepare for what’s coming their way. Two successive state pension triple lock increases of 10.1 percent and 8.5 percent, combined with Chancellor Jeremy Hunt‘s […]
Savers warned about ‘disastrous consequences’ of accessing pensions early (Image: Getty) Savers are being urged to “stop and think” before accessing their pension pot ahead of “peak withdrawals season” in April, May and June. Flexible pension withdrawals traditionally spike at the start of the tax year, as savers take advantage of a fresh set of […]
An NS&I customer has reached out to the provider after their suspicions were raised as they tried to log in to their account. The individual got in touch over X to ask: “If you insist on 2FA [two factor authorisation] to log in online, why don’t you make phone number a mandatory field when registering? […]
WASPI campaigners hoping to get compensation face an uphill battle to secure payouts from the DWP, an expert has warned. A much anticipated report from the Parliamentary and Health Service Ombudsman has recommended payouts of between £1,000 and £2,950 but ministers have yet to make a decision on the issue. Accountant Andrew Gosselin, senior editor […]
Nearly three in 10 adults – 7.4 million – are still struggling financially despite the improving economy, according to City watchdogs. The data from the Financial Conduct Authority (FCA) will present a new challenge to Rishi Sunak’s government in a General Election year. Against the background of the cost of living crisis, FCA research found […]
