These inflation-busting rises could add up to £200 a year and are a stark reminder of the importance of staying on top of your bills to avoid paying over the odds, said Edward Newman, chief executive of comparison site Finance.co.uk. “Tomorrow’s triple-whammy price hike will come as a nasty surprise but don’t take it lying […]

The Treasury recently confirmed that HM Revenue and Customs (HMRC) started writing to older people whose National Insurance (NI) records may be affected by missing periods of Home Responsibilities Protection (HRP) in September 2023, inviting them to apply to fill potential gaps to ensure they receive the correct amount of State Pension. Financial Secretary to […]

One in five savers with an ISA is unaware they cannot roll over the annual amount that can be saved into the next year. This blind spot means many are set to miss out on investment gains and tax savings unless they take urgent action. Research by Shawbrook found 19 percent of ISA holders wrongly […]

Smart meters, providing real time information on energy use and cost, are more effective than climate change warnings to get people to live a greener life. The findings come from research published by the University of Oxford and suggest appealing to people’s pockets rather than their conscience has better results. The study was undertaken by […]

Millions of people will receive an extra £902 in their bank accounts from April due to a long-standing rule. This additional cash will be included in their usual payments within days, as part of a Department for Work and Pensions (DWP) shake-up amid the ongoing Cost of Living crisis. The new weekly rates for the […]

Ten simple measures have been identified that can help struggling Britons survive until payday. Being bold by, for example, asking for discounts and switching back to using cash can make real difference to those facing financial pressure. Research for the Post Office found that 50 percent of consumers were better able to manage their spending […]

The average Brit will pay nearly £220,000 in income tax over their working lifetime, new research shows. Research from Tax Bite suggests someone earning an average of £35,448,40 for each year of their working life will pay £219,632.64. The data also shows that workers in Scotland will pay slightly more overall, totalling £222,791.52 over the […]

More than four in five UK residents aren’t seeking out financial help or advice despite widespread debt difficulties, new research shows. A survey of 1,500 adults in the UK commissioned by Fair4All Finance found that 82 percent of respondents do not seek financial advice even though 63 percent admitted they were struggling with debt. When […]

Martin Lewis has shared another savings tip ahead of the new tax year, and people need just £1 to get started. Speaking at this year’s Ideal Home Show, the Money Saving Expert founder said: “Anyone aged 18 to 30, open up a lifetime ISA and get at least £1 in this. The reason being that […]

Consumer finance experts are warning of an economic crash landing amid predictions the Bank of England will delay interest rate cuts. Rising mortgage arrears, personal and business failures have sounded alarm bells among brokers, banks and building societies. Industry experts argue the governor of the Bank of England, Andrew Bailey, and the Monetary Policy Committee […]