Age Scotland is heading up the campaign to help 130,000 pensioners struggling to pay their heating bills and its calls are being backed by other well known charities. If it gets the green light it could signal a cash boost for pensioners
The state pension hinges on National Insurance contributions made throughout a person’s lifetime. For the new state pension, a person will usually need at least 10 qualifying years on their record to get any sum at all. A person will, in most cases, need
Simon Dawson, the Chief Commercial Officer for inheritance loan provider Legacy Release has issued a warning that Britons should “start planning now” when it comes to IHT gifting. Any Inheritance Tax which is due on gifts is usually paid by the estate.
On the Christmas Special of his ITV show the Money Saving Expert said with only one month left until the big day, Britons could switch bank accounts with many paying the sweetener in time. Eighty one percent of people who have switched
Although the change was announced in the autumn Budget, it wasn’t supposed to take effect until April 2022. However, the date was brought forward to help families who are struggling this winter keep more of their hard earned cash. Work and Pensions
Heralding the 2020’s as “a decade of future investment” the coalition is seeking to pump more funding into areas such as climate change, infrastructure and digitalisation. However, as the coalition agreement itself acknowledges, the budgetary position is going to prove very demanding.
One in 10 households – around 3.2 million – are struggling to pay their basic bills, a report warns. One in five have already cut back on their food budget or turned off the heating to save money. And a further 380,000
The charity compared average income data with the growing cost of household essentials such as rent, energy bills and food to see how easily families could meet their outgoings. The results found even living on a minimal budget would see one in
“An entrepreneurial Britain? Not anymore!” Contractors, self-employed workers and businesses have all been impacted by IR35 changes as new rules were introduced in April 2021. Since April, medium to large sized businesses have been required to assess and manage the tax status
If people decide to use another credit card for their online purchases, they should always make sure they can afford to pay back what they are borrowing. Amazon Prime customers are being offered up to £20 when choosing another card, while non-Prime
“In the event of a new lockdown, it could even cause a contraction of GDP.” Consumer confidence has taken a battering due to a combination of rising prices and the spread of Covid. The GfK Consumer Climate Study found expectations of income