DWP update: Full details of new cost of living payments due from next month | Personal Finance | Finance

Millions of Britons are to receive new cost of living payments over the coming tax year as many household bills also go up from next month. This will include a £900 cost of living payment for those on certain means-tested benefits with the first instalment to be paid soon. Chancellor Jeremy Hunt confirmed in the Budget last week a £94billion More...

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By On Tuesday, March 21st, 2023

Universal Credit applicants urged to use ‘important support’ as cost of living crisis cont | Personal Finance | Finance

What is Universal Credit? This is a means-tested benefit payment from the DWP which means an applicant’s claim is dependent on their income, savings and capital. Currently, those who are single and under 25 More...

By On Monday, March 20th, 2023

State pension age rise expected to be ‘brought forward’ by Hunt following Budget | Personal Finance | Finance

The Government is expected to make drastic changes to the state pension in the coming months despite failing to address the payment in last week’s Spring Budget Despite changing how much people will be allowed More...

By On Sunday, March 19th, 2023

Terrified by the banking crisis? Do this one thing and your cash is safe | Personal Finance | Finance

The headline figures are terrifying, with Swiss bank Credit Suisse requiring a £45billion bailout to avoid going bust. In a rare positive, so far UK banks have held firm. I’ve slammed the Bank of England More...

By On Saturday, March 18th, 2023

Hunt has just handed pension savers a nuclear weapon in the fight against inheritance tax | Personal Finance | Finance

His decision has unleashed a huge controversy, that is casting a shadow over some of the better measures announced in his Spring Budget. Hunt has handed the Labour Party an open goal, by allowing them to claim More...

By On Friday, March 17th, 2023

Labour’s mask slips – plan for massive pension and inheritance tax raid if it takes power | Personal Finance | Finance

Labour was always known as the high tax party, but the Conservatives have been turning the screw, too. Our tax burden is now at a 70-year high. Hunt has frozen income tax and inheritance tax thresholds until More...

By On Thursday, March 16th, 2023

Turns £6k into £10k: Over-50s can get ‘instant’ 40% return on pension savings | Personal Finance | Finance

Like Isas, pensions offer highly tempting tax benefits and are a lot more flexible than they used to be. That’s the view of Sean McCann, chartered financial planner at NFU Mutual, who reckons pensions More...

By On Wednesday, March 15th, 2023

Families urged to claim £1,911 in tax-free cash they don’t even know exists | Personal Finance | Finance

The average holding is worth a staggering £1,911, yet many don’t even know the money is there and risk letting it go to waste. Now experts are urging families to track down the cash, which still belongs More...

By On Tuesday, March 14th, 2023

Pension: Two million Britons ‘to enjoy retirement boost as Jeremy Hunt to raise cap’ | Personal Finance | Finance

When workers choose early retirement but return back to work, the amount in tax-free retirement savings they can put away is reduced from £40,000 a year to £4,000. It should be noted that there is no confirmation More...

By On Monday, March 13th, 2023

Cost of living crisis: Thousands pushed into debt – how to boost finances by £4,200 | Personal Finance | Finance

People in debt are being encouraged to get help as soon as possible as they could earn a “financial gain” of £4,200. Citizens Advice Scotland (CAS) is sharing how people can improve their financial situation More...