Britons are being warned to “be wary” of certain savings challenges circulating on social media as some processes could do more harm than good. According to TikTok data, the trend “savings challenge” is at an all-time high in the UK for 2024, with the majority of the people consuming that content (55 percent) aged between […]
Freelancers and contractors may be eligible to claim back thousands of pounds in overpaid taxes – but time is running out. Freelancers and contractors who have been hit with tax bills for incorrectly operating outside the IR35 legislation may be able to reclaim overpayments but must make their claim before the April 5 deadline, according […]
Coventry Building Society has launched an exclusive regular savings account offering a “highly competitive” interest rate of 6.75 percent. The new Loyalty Regular Saver (2) can be opened by those who have been with the Society continuously since at least January 1 2023 with a minimum deposit of £1. The account lasts for one year […]
HMRC has clarified how capital gains tax works after a taxpayer asked about transferring shares. The person contacted the tax authority over X to ask: “If shares are transferred from husband to wife and the wife doesn’t work and is on PIP, would she pay capital gains tax on anything up to or over £6,000 […]
A personal debt crisis has been confirmed with new figures showing a 23 percent rise in individual insolvencies. The total number reached 10,136 in February compared to 8,239 in the same month last year. The individual insolvencies consisted of 709 bankruptcies, 3,007 debt relief orders (DROs) and 6,420 individual voluntary arrangements (IVAs). A report from […]
A decision on new State Pension compensation for millions of WASPI women is “expected in the coming weeks”, says a Labour MP. Thousands of women have campaigned for compensation since the Government raised the State Pension age for women from 60 to 65 in 2018. The issue relates to the roughly 3.8 million women born […]
The return of a battle between energy companies to win new customers has been triggered by a new market leading tariff offering big savings. The fixed rate tariff works out at £1,581 a year based on typical use and is the cheapest deal on the market since October 2021. The deal works out at the […]
The Department for Work and Pensions (DWP) is set to give an extra two weeks’ payments to thousands of people on four benefits. This is part of a big changeover, with the aim of helping thousands of claimants move onto Universal Credit. A huge ‘managed migration’ to Universal Credit is being carried out by the […]
A Premium Bonds customer has been warned their savings could become illegal due to a change in their circumstances. The person got in touch with the savings provider over X to ask if they needed to do anything with their savings as they were moving abroad. NS&I responded to ask them if they are moving […]
Takeaways and grocery delivery group Deliveroo is on track to make its first ever profit, after seeing its annual pre-tax losses tumble from £230.6million to just £10.9million. At its annual results, founder and chief Will Shu said that Deliveroo had made “significant progress” last year on its road to profitability and that the business should […]
