Households with state pension and small private pension face tax bill | Personal Finance | Finance
From next April, the full state pension rate is set to overtake the personal allowance. People with modest private pensions could soon face income tax bills under new regulations. The full state pension rate is poised to exceed the personal allowance – the threshold where tax payments begin – by 2027, coming within mere pounds of it More...
Tax-free Personal Allowance rises to £20k for HMRC scheme households | Personal Finance | Finance
HMRC is offering a vastly increased tax-free Personal Allowance of up to £20,070 for households who submit a self-assessment tax return in one specific circumstance. It’s especially useful, since Personal More...
Lloyds Bank update over bonus payments of £50 and £100 | Personal Finance | Finance
Lloyds Bank has shared an update after a query about bonus payments for customers. The statement came after a person contacted Lloyds over social media with a pointed question. They asked: “Why do Lloyds More...
Premium Bonds savers warned over prize rate cut as NS&I announces change | Personal Finance | Finance
Premium Bonds savers may want to reconsider their savings arrangements. NS&I has announced a new issue of its British Savings Bonds that have gone on sale, with higher interest rates. This includes the fixed-term More...
The £110 weekly payment that 1m pensioners are missing out on | Retirement | Finance
Up to 1.1 million pensioners are thought to be missing out on a benefit that pays up to £110.40 a week. The allowance aims to help pensioners live independently for longer if they are living with a disability More...
Rachel Reeves warned of pension Budget move that would cut take-home pay for ‘millions’ | Personal Finance | Finance
The Chancellor has been urged to avoid a change to pensions contributions in the November Budget, saying it could lead to Brits losing out on millions. The Society of Pension Professionals (SPP) has written More...
Treasury minister statement over tax allowance for state pensioners | Personal Finance | Finance
The Government has issued a statement about how tax allowance rules impact the state pension. The update came after a question from Liberal Democrat MP Freddie van Mierlo asking if the Government had looked More...
Huge boost for borrowers as Halifax cuts rates by up to 0.2% | Personal Finance | Finance
Borrowers have been urged not to miss out after another major high street lender announced rate reductions today. It comes as a number of UK announced cuts to the interest rates on some mortgage products as More...
Lloyds Bank says these customers are £399 better off | Personal Finance | Finance
Lloyds Bank has issued a £399 alert to its customers, as it shared its latest findings. The banking giant’s research discovered that over 28 million UK adults are now utilising artificial intelligence More...
Two million pensioners could lose £300 winter support payment | Personal Finance | Finance
Despite the introduction of new rules to widen the eligibility criteria, around two million pensioners are predicted to lose their Winter Fuel Payment this year. Winter Fuel Payments, which can be worth up to More...
