Writing a will is an important financial step people must take to ensure their assets are handed down to the right people after they pass away. Two months of the year, certain people can have theirs written or updated for free. However, Britons are urged to “be quick”, as there are a limited number of […]

A third of millennials are concerned that their parents are going to “fritter away” their inheritance, new research reveals. New research from digital wealth manager Moneyfarm found that 30 percent of the adults in their 30s and 40s surveyed felt that their inheritance was at risk because of their parents spending habits. The survey, which […]

Secure Trust Bank has launched a new Cash ISA with a fixed interest rate of 4.65 percent for two years. Savers will need a minimum deposit of £1,000 to invest and interest is paid annually. Commenting on the deal, Caitlyn Eastell, a spokesperson at Moneyfactscompare.co.uk, said: “This week, Secure Trust Bank has launched several new […]

State pensioners have been urged to check if they can get discounted broadband and mobile tariffs that could halve their bills. Millions of older Britons are unaware of social tariffs, which are discounted rates available to people on certain benefits, according to new research from Broadband Genie. Alex Tofts, broadband expert at Broadband Genie, told […]

A man from Maidstone has earned over £30,000 in two years by building sheds in his spare time. Paul Prebble, 36, used to work in railway construction before taking on additional building projects on the weekend through the app Airtasker. Mr Prebble’s weekend side hustle has now become his main source of income, earning at […]

Almost 400,000 people earning over £100,000 risk falling into a “tax trap”, leading to a 60 percent effective tax rate. Research from investment platform InvestEngine has found that high earners could lose out on a cumulative £2.3 million in taxes if action is not taken. For those who earn between £100,000 and £125,140 in any […]

A raft of new ISA rules are coming into effect on April 6 to “simplify” the tax-efficient savings product and “provide more choice”. Money Saving Expert Martin Lewis explained a few of the changes coming into effect in the next tax year in his latest BBC5 Live podcast. Mr Lewis told listeners: “On April 6, […]

Almost every council in England is planning to hike Council Tax bills by the maximum amount in April, in fresh misery for cash-strapped households. The vast majority of councils (91 percent) plan to raise bills by 4.99 percent in April, according to an analysis by The Mirror. This marks the highest increase allowed without a […]

Thousands of wealthy families have faced unexpected Inheritance Tax bills on gifts from loved ones, it has emerged. In theory individuals can escape some of the impact of the ‘most hated tax’ by giving cash and assets away to loved ones. However, this tactic will only succeed if this gift is made at least seven […]

Nearly a third of people aged 16-24 don’t know what an ISA is, new research reveals. Survey data supplied by investment platform Saxo found that 31 percent of young people don’t know what an ISA is, with a further 16 percent saying they also aren’t sure. The survey also found that 33 percent of respondents […]