Mortgage holiday extension: What changes has Citizens Advice called for? | Personal Finance | Finance

Mortgage holidays were among the first support measures provided by Rishi Sunak in response to coronavirus. The holidays will allow mortgage holders to pause their repayments for up to three months if they’re struggling financially. The charity went on to call on the government to provide additional protections for renters who are vulnerable More...

by S.P. | Published 3 hours ago
By S.P. On Tuesday, May 26th, 2020
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Universal Credit: Payments will be altered for partners claiming together – how so? | Personal Finance | Finance

Generally, the more a person earns the less they’ll receive from Universal Credit. The payment will reduce gradually, with the payments lowering by 63p for every £1 earned over the work allowance. The work More...

By S.P. On Monday, May 25th, 2020
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Premium bond winning numbers will be revealed next week – how can you check on yours? | Personal Finance | Finance

Premium bonds can be held by anyone who is over 16-years-old and the prizes they award are completely tax-free. There is a minimum holding of £25 for each investment and a maximum of £50,000. If a holder More...

By S.P. On Monday, May 25th, 2020
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Coronavirus: Government could buy stakes in failing companies as part of new measures | City & Business | Finance

The plan, which was revealed by the Financial Times, is named Project Birch. Chancellor Sunak has raised the amount that the Treasury can spend on specific bailouts for certain firms “which have exhausted More...

By S.P. On Sunday, May 24th, 2020
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Council Tax reduction on PIP: Can I get Council Tax reduction on PIP? | Personal Finance | Finance

Personal Independence Payment (PIP) is a necessary benefit for the millions of disabled people in the UK who require a little extra assistance in their daily lives. Alongside a weekly cash sum, claimants will More...

By S.P. On Saturday, May 23rd, 2020
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Energy bills jump as workers make more ‘cuppas’ during lockdown – how can you save money? | Personal Finance | Finance

Energy bills have likely been high over the last few months as coronavirus has forced many of us to work from home. This will mean, at least on the most part, that computers, laptops and other equipment are More...

By S.P. On Saturday, May 23rd, 2020
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State pension: How grandparents an get £2,250 pension credits over the phone | Personal Finance | Finance

Thanks to the coronavirus lockdown, rules have been changed which mean its easier for grandparents to get state pension credit. The sum is to the tune of £250 a year – which could be a huge help to many. You More...

By S.P. On Friday, May 22nd, 2020
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Money saving: FSCS protection limits for UK banks explained | Personal Finance | Finance

From building up savings to keeping lump sums of money safe, there is an array of reasons why a person may opt to keep their money in the bank. Understandably, many will likely want to ensure that their cash More...

By S.P. On Friday, May 22nd, 2020
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Lifetime ISA: Does LISA affect benefits? Changes to account rules have come into effect | Personal Finance | Finance

The Lifetime ISA is an account which offers eligible savers the opportunity to deposit up to £4,000 per tax year in it. The government pays 25 percent on the savings, up to £1,000 per tax year. For example, More...

By S.P. On Thursday, May 21st, 2020
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FTSE 100 LIVE: Oil PLUMMETS as China ditches 2020 growth target amid pandemic | City & Business | Finance

However, markets were disappointed at China’s decision not to set an economic growth target this year, as the National People’s Congress (NPC) kicked off a week-long meeting. Abandoning the growth target More...