HMRC error could mean thousands owe cash | Personal Finance | Finance
Thousands of taxpayers face being hit with penalties and extra bills because of a blunder in HMRC’s own systems. The tax office has admitted that its online filing service was not updated in time to reflect Rachel Reeves’ Autumn Budget increase in capital gains tax (CGT) rates. As a result, anyone who disposed of assets on or after October 30 More...
British ex-pats in France face being hammered for their pensions | UK | News
British expats living in France are being clobbered with devastating four-figure tax bills on their public sector pensions, despite longstanding laws that should shield them from such charges. Since 2010, public More...
Rachel Reeves could tax landlords’ rental income’ with national insurance levy | Personal Finance | Finance
The Treasury is reportedly mulling over a tax hike on landlords by imposing national insurance on rental income, ahead of Rachel Reeves’ autumn budget. It’s said that officials are examining proposals More...
The top-paying easy access saver at 4.84% – but there’s a catch | Personal Finance | Finance
Savers may be looking around for a better deal as many interest rates have dropped after the Bank of England reduced the base rate again. The central bank dropped the base rate from 4.25 percent down to the More...
Lloyds to be the first UK bank to launch £300 rule from Tuesday | UK | News
Lloyds Bank is set to introduce a revolutionary new feature for its customers on Tuesday, 26 August. This innovative change will enable customers to deposit cash into their accounts whilst making a trip to their More...
Savers urged to consider pre-paid cremation as Brits can’t afford death | Personal Finance | Finance
The emotional toll of losing a loved one is being compounded by a financial crisis, with nearly a quarter of those over state pension age lacking a will in the first place and the cost of dying soaring, leading More...
State pension age change ‘unfair’ on people from one part of UK | Personal Finance | Finance
A pensions expert has warned that a proposal to increase the state pension age could mean one group would only get three years worth of payments. The state pension age is set to go up again next year, increasing More...
Anyone with a Cash ISA urged to move money | Personal Finance | Finance
Savers who have Cash ISAs are being urged to take action and move their money to a better paying account which actually beats inflation, after the latest figures were released this week. On Wednesday, the Office More...
State pension payments could freeze in triple lock overhaul – expert | Personal Finance | Finance
State pension payments could be frozen in a major triple lock shake-up posed by an expert who believes the current system is not sustainable. Claire Trott, head of advice at St. James’s Place, warned that More...
DWP reaches ‘milestone’ after blocking £1bn in Universal Credit payments | Personal Finance | Finance
The Department for Work and Pensions (DWP) has blocked more than £1 billion in incorrect Universal Credit payments in a major drive to prevent people from falling into financial hardship. Around 7.5 million More...
