They have offered consumer guidance about how to avoid becoming a money mule and the serious consequences of doing so. A money mule is a person who is recruited, sometimes unsuspectingly, by criminals to gain access to their bank account with the
If someone is receiving means-tested benefits before retirement then these may be reduced or stopped altogether if someone doesn’t claim money from their pension when they could do. In this case, the income that could be drawn that is not being drawn
Hikes could come as early as mid-2022, HSBC has predicted, which would make it the first major central bank to start raising interest rates from its record low of 0.1 percent. The BOE was not expected to start lifting the bank rate
The most recent data shows that just under a million, 959,000 people, are receiving extra state pension, the lowest since 1999. This means that the 959,000 people, or 7.7 percent of all people receiving state pension, are getting a topped up weekly
Ether is one of the world’s two most valuable cryptocurrencies, only behind Bitcoin. Investors can currently clinch a coin for £1,941.22, making ETH the only other token on the crypto market to have cracked the £1,000 mark. Now, developers hope to adapt
PIP decisions from the Department of Work and Pensions (DWP) can be challenged under mandatory reconsideration rules which force the Government to review the choices made. This can also be utilised across a range of benefits including Universal Credit or child maintenance.
These type of investments may suit those wanting to invest their money not just to get returns but to help fuel change in the world. However, ESG has a connotative idea attached to it: that they don’t do as well as traditional investments.
Investors are already selling assets such as property and investments because they anticipate more punitive capital gains tax (CGT) rates in the next year. CGT is often called the “forgotten tax” but it generates almost £10billion a year for HM Revenue &
“Their daughter was struggling financially, and the couple made the decision to cash in their Premium Bonds to help her out. “Of course, my visit to them, once everything was sorted out, allowed them to support their daughter, keep their savings and
Elon Musk is one of the world’s most successful businessmen, with an enormous net worth and several world-famous companies. Over the years, Musk has offered up his wisdom on a range of topics, and provided tips for young entrepreneurs on how to
He said: “With the Bank of England cutting interest rates to a record low during the height of the pandemic, the amount of interest savers can earn from a standard savings account isn’t going to help very much when it comes to