Pensioner 1.25% National Insurance levy may be hiked to 13.25% – ‘thin end of the wedge’ | Personal Finance | Finance

This controversial increase could prove the thin end of a dangerous wedge. At some point, pensioners may be forced to pay NI at 13.25 percent on their earnings, bringing them into line with younger workers, tax experts warn. From April, up to 30 million workers under 66 started paying Prime Minister Boris Johnson’s National Insurance health More...

by S.P. | Published 5 days ago
By S.P. On Saturday, May 14th, 2022
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Warren Buffett on inflation and how Berkshire Hathaway CEO is fighting it | Personal Finance | Finance

Both the UK and US alike have seen soaring rates of inflation in recent months, and while price rises slowed in the US in April, the annual inflation rate remained close to a 40-year high. In April, the US saw More...

By S.P. On Saturday, May 14th, 2022
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State pension: Expats get ‘vote for life’ but no sum rise due to where they live | Personal Finance | Finance

Increases to the state pension are not a foregone conclusion, and are only available to those resident in certain countries. These are: The UK, European Economic Area (EEA), Gibraltar, Switzerland, countries More...

By S.P. On Friday, May 13th, 2022
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Undercover boss: Man shocked after boss gives him £8k towards his daughter’s education | Personal Finance | Finance

If he had the money and time, he said would go back to school to study criminal justice and do something relating to it professionally. Once he had revealed himself, Mr Hart said: “Terrell, you’ve had a More...

By S.P. On Friday, May 13th, 2022
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Nationwide Building Society increases interest rates on ISA accounts | Personal Finance | Finance

Tom Riley, the director of Banking and Savings at Nationwide Building Society, outlined why the financial institution is choosing to hike the rate on its ISAs at this moment in time. Mr Riley explained: “ISAs More...

By S.P. On Thursday, May 12th, 2022
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Free prescriptions warning: Britons face £100 fine for falsely claiming ‘freebie’ benefit | Personal Finance | Finance

In England, those who are over 60 are able to receive the “freebie” benefit which allows people to claim medication without paying. Comparatively, those who live in Scotland and Wales get free prescriptions More...

By S.P. On Thursday, May 12th, 2022
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Pension: Britons urged to take action to avoid working past retirement age | Personal Finance | Finance

Pension and retirement planning is often years in the making, but these dreams are at risk for thousands. This is due to the rising cost of living, with many worried they will be financially stretched as a direct More...

By S.P. On Wednesday, May 11th, 2022
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Dave Ramsey suggests how man, 55, can get by in retirement | Personal Finance | Finance

Mr Ramsey explained that it is up to Paul, but his research shows couples have a higher chance of living their dreams, because they are sharing their dreams. If people can’t be a team in their marriage, they More...

By S.P. On Wednesday, May 11th, 2022
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Scam: Fraud warning – look out for signs of criminal computer repairs scam | Personal Finance | Finance

If you are in business remember: Be cautious of unexpected, urgent requests for payment by text. Criminals can spoof phone numbers of senior members of staff making it look legitimate. If you receive a request More...

By S.P. On Tuesday, May 10th, 2022
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Tax code BR: How to check if all your income will be slapped with 20% tax | Personal Finance | Finance

The standard Personal Allowance is £12,570, which is the amount of income you do not have to pay tax on. Britons within the basic rate tax code are charged 20 percent. Anyone earning between £12,571 to £50,270 More...