As Chancellor Jeremy Hunt weighs up his options for changing pensions policy in next week’s spring budget, an expert has said he should bin a policy that is restricting pension savings for many Britons. Claire Trott, divisional director of Retirement and Holistic Planning at St. James’s Place, said the Money Purchase Annual Allowance (MPAA) should […]

Shawbrook Bank has increased the interest rate on its fixed Cash ISA to 5.03 percent, earning an “excellent” Moneyfacts rating. The account can be opened with a minimum deposit of £1,000 and savers can opt to have interest paid monthly or annually. Commenting on the deal, Caitlyn Eastell, a spokesperson at Moneyfactscompare.co.uk, said: “Shawbrook Bank […]

Britons are increasingly achieving millionaire status by investing in Stocks and Shares ISAs and it’s “easy” to get started, an expert has said. Investment platform AJ Bell has lifted the lid on its ISA ‘Super Investors’ that have built up the biggest portfolios worth £1million or more. With an average age of 72, many ISA […]

UK holidaymakers are benefiting from an increase in the value of sterling against the vast majority of foreign currencies in popular destinations, according to new research. Post Office Travel Money said the pound has strengthened compared with a year ago against 21 out of 25 currencies analysed. While the value of the pound against the […]

Despite a challenging housing market, Rightmove, the platform for estate agents, has reported growth in both revenue and profit. This is despite people spending less time looking for houses due to rising mortgage rates last year. The company revealed that it had increased its revenue by approximately 10 percent to £364.3 million. This was primarily […]

Northern Ireland’s electricity supplier, Power NI, has announced a 6.3 percent price decrease due to a drop in wholesale market costs. The company said that a review of its residential unit price led to the cut, which is about 2p per unit. This change will start from April 1, and it means customers will save […]

Millions more pensioners are being dragged into paying income tax amid state pension rate rises and frozen personal allowances, new data shows. HMRC’s latest personal income statistics unveiled there were a staggering 6.74 million taxpayers of state pension age for the tax year 2021 to 2022. The South East has the highest number of taxpayers of […]

Four in 10 renters would consider moving back in with their parents so they can save enough to get on the property ladder. A poll of 2,000 renters with an ambition to buy a home found while 52 percent of those considering it feel it’s a move backwards, 91 percent consider it a short-term sacrifice […]

Two lucky Premium Bonds holders in the south of England have just become millionaires. The first winning bond number of the million-pound prize is 513VQ281226 to a bondholder in West Sussex. The second winning bond number of a million-pound prize is 441BK932039 to a bondholder in Hampshire. The West Sussex winner holds £50,000 in Premium Bonds […]

State pensioners have been urged to check immediately if they are eligible for Pension Credit as the benefit could entitle them to a £299 cost of living payment. Eligible people will need to get their application in by March 5 to qualify for the final part of a £900 cost of living payment, that has […]