Why have UK interest rates gone up? The Bank of England has raised rates for the first time in three years, taking them from 3.75% to 4% as it responds to rising inflationary pressures. Read this article from This is MONEY to explore what’s behind the decision and what could happen next. ... See MoreSee Less
Analysis has shown that money left in old savings accounts earns less than new, active accounts. Moneyfacts found that £20,000 left in a closed easy access savings account made £139 less in interest when compared with an active account, with an average difference of 0.22%.
Find out more in this article from the Express. ... See MoreSee Less
New research suggests that two third of Britons are more likely to organise their sock drawer than their finances. It also looked at how many people have lost track of bank accounts and pensions. Find out more in this article from This Is Money on how to find lost accounts. ... See MoreSee Less
For those taking a pension or who are about to, the Autumn Budget shifted the rules in some key areas. While there were no big announcements, even the relatively small changes could have a big impact on your retirement income. This article in Money Week, takes a look at what happened and how to react. ... See MoreSee Less
Several changes to ISA's where announced by John Healey in his Budget last week. This article rounds them all up in one place so you can see how these might affect you and your finances going forward. ... See MoreSee Less
Could you pay more tax on your savings interest? Changes announced in the Autumn Budget mean tax rates on savings interest are set to rise from April 2027. Read this article from MoneyWeek to find out what's changing and what it could mean for savers.
Investing can help your money grow over time but isn’t guaranteed.
Tax rates on income from savings interest are set to rise by four additional percentage points from April 2027. Here’s what you can do to protect your cash
Have you heard about the new ‘Starter ISA’? The government has announced plans to explore a new ISA incentive aimed at people investing in a stocks and shares ISA for the first time. For more information, read this article from MoneyWeek.
Investing can help your money grow over time but isn’t guaranteed.
The Government has announced that it's raising the personal allowance – the amount you can earn tax-free each year – for those mainly reliant on the state pension. While the move could save pensioners on very low incomes £93 a year, and more in future, those who've saved more into their pensions will benefit less, with many not benefiting at all.
Read more in this article from The Guardian. ... See MoreSee Less
Why have UK interest rates gone up? The Bank of England has raised rates for the first time in three years, taking them from 3.75% to 4% as it responds to rising inflationary pressures. Read this article from This is MONEY to explore what’s behind the decision and what could happen next. ... See MoreSee Less
Bank of England opens door to second rate hike before Christmas
sprou.tt
In a blow to millions of borrowers, the Bank put up rates for the first time in three years, from 3.75 per cent to 4 per cent.Comment on Facebook
Analysis has shown that money left in old savings accounts earns less than new, active accounts. Moneyfacts found that £20,000 left in a closed easy access savings account made £139 less in interest when compared with an active account, with an average difference of 0.22%.
Find out more in this article from the Express. ... See MoreSee Less
Savers issued new warning as closed accounts cost Brits £139 in 'loyalty tax'
sprou.tt
Ouch, that adds up fastComment on Facebook
Inheritance tax (IHT) payments continue to reach record highs and from April 2027, unused pension pots will also be included in the calculations.
MoneyWeek looks at eight ways you can help to minimise the IHT bill left to your loved ones. ... See MoreSee Less
Eight ways to reduce your inheritance tax bill
sprou.tt
The government has collected a record amount of inheritance tax in recent years – but there are steps you can take to cut your liabilitiesComment on Facebook
New research suggests that two third of Britons are more likely to organise their sock drawer than their finances. It also looked at how many people have lost track of bank accounts and pensions. Find out more in this article from This Is Money on how to find lost accounts. ... See MoreSee Less
Fear of financial life admin comes at a cost - find lost accounts now
sprou.tt
Not only could you discover some money you'd forgotten about, but you could also make life far easier for your loved ones if the worst happens.Comment on Facebook
For those taking a pension or who are about to, the Autumn Budget shifted the rules in some key areas. While there were no big announcements, even the relatively small changes could have a big impact on your retirement income. This article in Money Week, takes a look at what happened and how to react. ... See MoreSee Less
What the 2026 Budget means for pensioners
sprou.tt
For those taking a pension or who are about to, the Autumn Budget shifted the rules in some key areas. Here’s what happened and how to react.Comment on Facebook
Several changes to ISA's where announced by John Healey in his Budget last week. This article rounds them all up in one place so you can see how these might affect you and your finances going forward. ... See MoreSee Less
Every ISA rule change in the Budget – and what it means for your money
sprou.tt
John Healey announced a new Starter ISA for first-time investors in the BudgetComment on Facebook
Could you pay more tax on your savings interest? Changes announced in the Autumn Budget mean tax rates on savings interest are set to rise from April 2027. Read this article from MoneyWeek to find out what's changing and what it could mean for savers.
Investing can help your money grow over time but isn’t guaranteed.
Read more - Subscription may be needed. ... See MoreSee Less
Savers to pay higher tax on interest after Budget tax raid
sprou.tt
Tax rates on income from savings interest are set to rise by four additional percentage points from April 2027. Here’s what you can do to protect your cashComment on Facebook
Have you heard about the new ‘Starter ISA’? The government has announced plans to explore a new ISA incentive aimed at people investing in a stocks and shares ISA for the first time. For more information, read this article from MoneyWeek.
Investing can help your money grow over time but isn’t guaranteed.
Read more - Subscription may be needed. ... See MoreSee Less
What is the ‘Starter ISA’?
sprou.tt
Chancellor John Healey has unveiled plans for a new ISA product in a bid to encourage more Brits to start investing.Comment on Facebook
The Government has announced that it's raising the personal allowance – the amount you can earn tax-free each year – for those mainly reliant on the state pension. While the move could save pensioners on very low incomes £93 a year, and more in future, those who've saved more into their pensions will benefit less, with many not benefiting at all.
Read more in this article from The Guardian. ... See MoreSee Less
State pension recipients with the lowest incomes given new tax-free allowance - Which?
sprou.tt
Tax-free threshold to be raised to £13,036 but not all retirees will benefitComment on Facebook