Bank of England debt data ‘does not reflect’ reality – tax and mortgage changes called for | Personal Finance | Finance

Debt problems have been exacerbated in recent months as coronavirus impacted incomes and employment across the UK. Today, the Bank of England (BoE) released its latest Money and Credit figures which showed consumers may finally be recovering to a certain extent. With repayments increasing, it could be taken as a sign of growing confidence and More...

by S.P. | Published 2 hours ago
By S.P. On Tuesday, September 29th, 2020
0 Comments

Martin Lewis: Universal Credit claimants could boost savings via Help to Save account | Personal Finance | Finance

If a saver continues paying money into the account after the two years, then four years after the account was opened, a second bonus will be paid. This will be 50 percent of the difference between the highest More...

By S.P. On Monday, September 28th, 2020
0 Comments

Mortgage: Equity release rates drop as demand rises – ‘no signs of easing’ as the UK ages | Personal Finance | Finance

According to their Autumn 2020 Market Report, average rates for equity release products reached record lows of 4.11 percent in July 2020, with over half of products offering a rate of four percent or lower, More...

By S.P. On Monday, September 28th, 2020
0 Comments

TV Licence scam: Phishing email dupes unsuspecting licence fee payers | Personal Finance | Finance

TV licence scams tend to revolve around the payment many Britons have to make in order to watch live TV at home. With changes to the free TV Licence, and uncertainty brought about by the COVID-19 crisis, it More...

By S.P. On Sunday, September 27th, 2020
0 Comments

Universal Credit boost: Thousands getting extra cash – When will Universal Credit go up? | Personal Finance | Finance

Universal Credit helps millions of Britons with their living costs each year, bringing together the various benefits into one payment. You may be able to get Universal Credit if you are on a low income, out More...

By S.P. On Sunday, September 27th, 2020
0 Comments

Pura delivers eco-friendly nappies after plastic-free wipes success | City & Business | Finance

Co-founders Abi and Guy Fennell are now forecasting an £8 million first year turnover for their Cheshire-based business that trades directly, offering both subscriptions and individual sales for its British-made More...

By S.P. On Saturday, September 26th, 2020
0 Comments

State Pension changes: Will Triple Lock system be scrapped? PM ‘puts his foot down’ | Personal Finance | Finance

State Pensions are given to those who reach State Pension age, every four weeks. The amount you get depends on your National Insurance record, with contributions over your working life adding into your pension More...

By S.P. On Saturday, September 26th, 2020
0 Comments

PIP: Does Carer’s Allowance affect PIP payment? | Personal Finance | Finance

If you have a long-term health condition or disability, you may be able to claim extra money from the Government in the form of a Personal Independence Payment (PIP). If you are aged 16 or over, and have not More...

By S.P. On Friday, September 25th, 2020
0 Comments

State pension: Can you backdate your payments? Check on your income now | Personal Finance | Finance

State pension income is dependent on a person’s National Insurance record, with 10 years of contributions needed to receive anything and 35 years needed for the full amount of £175.20 per week. If a person More...

By S.P. On Friday, September 25th, 2020
0 Comments

Job Support Scheme calculator: How to work out how much you could take home | Personal Finance | Finance

The Job Support Scheme is the Government’s plan to help avoid mass redundancies amid the coronavirus pandemic announced by the Chancellor of the Exchequer Rishi Sunak on Thursday. The scheme will begin after More...