Martin Lewis shares ‘only reason’ you need an ISA as he explains how to ‘earn even more’ | Personal Finance | Finance

Cash ISAs are savings accounts that people never have to pay tax on. Since 2016 the personal savings allowance means relatively few savers actually pay tax on interest, as all basic 20 percent rate taxpayers can earn up to £1,000 in tax-free interest each year in savings (higher 40 percent taxpayers £500 in tax-free interest each year. Fewer than More...

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By admin On Wednesday, December 7th, 2022
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Brits urged to apply for Pension Credit as deadline for £324 cost of living payment looms | Personal Finance | Finance

The pensions expert highlighted that many older households who are eligible for the DWP payment are still not claiming it, despite its link to important cost of living payments being offered by the Government. She More...

By admin On Tuesday, December 6th, 2022
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Iceland offers over 60s 10% discount on food shop every Tuesday | Personal Finance | Finance

Fruit teacakes, Lotus Biscoff Biscuits, and Iceland Strawberry and Vanilla Cones also rank in the top 10 most purchased using the Over 60s discount. However, these aren’t the only products flying off the shelves More...

By admin On Tuesday, December 6th, 2022
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Martin Lewis explains how you could earn ‘far more’ on your savings | Personal Finance | Finance

The viewer said they were keeping around £71,000 in a two-year fixed ISA, which ends in 2024, offering 1.18 percent interest. The penalty to switch accounts would cost 180 days’ worth of interest, equivalent More...

By admin On Tuesday, December 6th, 2022
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Best UK places to retire in 2022: Suffolk named as ‘ideal’ location for retirement | Personal Finance | Finance

Retirement brings new opportunities, and for some, moving to a new place will be the ultimate goal for their later life experiences. Unbiased has compiled a list of some of the top locations across the country More...

By admin On Tuesday, December 6th, 2022
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Energy bills: Households can save up to £260 on new supplier scheme | Personal Finance | Finance

Usually, a free Energy Performance Certificate (EPC) from the supplier, home visit and report could be worth up to around £120. Recently, the Secretary of State for Business, Energy and Industry Strategy Grant More...

By admin On Monday, December 5th, 2022
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first direct has increased interest rate on savings account to 7% as inflation hits new hi | Personal Finance | Finance

Alice Haine, a personal finance analyst at Bestinvest, broke down how savers are being impacted by the ongoing cost of living crisis. Ms Haine explained: “High inflation is bad news for savers who are looking More...

By admin On Monday, December 5th, 2022
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NHS prescriptions: Some Britons can get their medication for free – check if you qualify | Personal Finance | Finance

In England, the cost of a prescription item is currently £9.35 per item, and if someone has a medical condition which requires several medications then the cost can really add up. At present, however, there More...

By admin On Monday, December 5th, 2022
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Bank of England ’causes havoc’ as error costs taxpayers £200bn: ‘Now we’ll all pay’ | Personal Finance | Finance

When the financial crisis struck in 2009, the Bank of England slashed interest rates and started a controversial bond buying programme called quantitative easing, or QE. It appeared to save the day, but now More...

By admin On Sunday, December 4th, 2022
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Some Universal Credit and other DWP benefit payment dates are changing this month | Personal Finance | Finance

The DWP has confirmed that those expecting a benefit payment on this day will receive it several days earlier on Friday, December 30. Claimants in England receiving their benefit on Tuesday, January 3 should More...