Category: Finance
Move to cap tax-free pension lump sum to £100,000 could cost retirees more than £70,000
Currently, workers can take out a maximum sum of £268,275 without paying tax, which many people count on to pay off debts, such as mortgages. …
Inheritance tax warning as rise in Brits being caught off guard by nasty ‘surprise’
As many as 5.1 million people in the UK were kept in the dark about their inheritance over the past five years, leaving them vulnerable to potential “unexpected costs”. …
Santander warns parents of £21,000 house price premium
Demand to get a home in the catchment area of a high performing state school is rising against the background of plans to charge VAT on private school fees. …
‘I’m a financial expert – I’d bet my house Labour will raise this tax to fill £22bn gap’
EXCLUSIVE: People are more likely to be affected by this suspected tax rise if they live in a certain UK region. …
Drawdown disaster as Brits blow pension savings in their 50s – and we’ll pick up the tab
Pension freedom reforms have backfired as new research shows millions of Britons are blowing their retirement savings in their 50s, which means the money could run out decades before they die. …
One thing doubles how long it will take to sell your home
Zoopla said you could increase the average time to sell your home from 28 to 73 days …
DWP warning as major changes to PIP assessment process set to be introduced
The DWP is set to introduce a number of changes to the way PIP and ESA assessments are carried out from next month, it has been announced. …
Premium Bonds error as customer ‘locked’ out of account NS&I says ‘it’s out of our hands’
A saver said it was ‘infuriating’ trying to navigate the NS&I system …
NS&I tells Premium Bonds customer exact date to buy to be eligible for the next draw
Ensuring your NS&I Premium Bonds are eligible could mean landing a life-changing win in the upcoming draw. …
DWP State Pension warning for women who had children – how it may hit your payments
The DWP has issued a warning for women who have had children and may notice gaps in their National Insurance record due to missing Home Responsibilities Protection periods …