The Government’s flagship policy to promote saving is expected to cost taxpayers £6.7billion in 2023-24 with “vastly” more tax relief going to those on higher incomes, Resolution Foundation analysis shows. Tax relief offered through ISAs is expected to rise by more than a third from the £4.9bn cost in 2022-23, the think tank says, citing […]

As Britons grapple with high living costs, many are turning to side hustles to supplement their income and ease the strain of household bills. Side hustles often require an initial investment, but money.co.uk research shows that up to a third of adults in the UK (34 percent) have no savings. While starting a business with no […]

Millions of small investors and businessmen face another cut in the tax free amount they earn on dividends from April 6. The latest cut means the total tax free amount people can earn each year from the dividends paid on shares has been slashed by 90 percent since 2017-18. Investors were able to collect as […]

As the new tax year begins, investors seeking strategies can “set themselves up for success” in the year ahead with a few key tips, an expert has said. Prioritising smart investment decisions is paramount with market uncertainties and changing economic landscapes. From diversifying investments to making use of ISA allowances, experts at wealth management firm […]

‘I’m a solicitor, here’s why you need to write a Will – and what to watch out for’ (Image: Clarion) A recent report from the National Wills Register shows that in 2023, less than half of UK adults (44 percent), had a Will. A further 42 percent of adults in the UK had not spoken to […]

Newcastle Building Society launched a new single-access ISA this week paying a five percent interest rate, earning an “excellent” Moneyfactscompare rating. Savers need just £1 to launch the account and interest is paid on the anniversary of opening. The new ISA deal came ahead of the new tax year, which starts today (April 6). This […]

How pensioners can beat the stealth tax raid – including ‘special allowance’ to use (Image: Getty) Pensioners are urged to utilise all available allowances as frozen thresholds increase the risk of millions being taxed on their income. Research from the House of Commons Library shows 1.6 million more pensioners are estimated to pay income tax […]

Share prices in the US, Europe and Asia fell as the oil price jumped past $90 a barrel, amid growing fears grow of a direct conflict between Israel and regional rival Iran over Gaza. If the oil price continues to climb many now fear it could trigger a second wave of inflation, just as we […]

Financial watchdogs have revised up the number of complaints they expect to handle this year by 16 percent amid a scams epidemic. The Financial Ombudsman Service (FOS) is seeing a rise in the number of complaints around fraud and scams. At the same time, there are more complaints around rip-off commissions charged on car loan […]

‘I’m a money expert – here are my step-by-step tips to cut your broadband bill’ (Image: Liz Hunter) While broadband bills have risen as much as 8.8 percent for some customers this month, there are ways people can slash costs – sometimes instantly. Broadband providers tie their prices to the Consumer Price Index (CPI) inflation […]