The number of people eligible for the benefit has skyrocketed thanks to a rule change in the Autumn Budget, according to data from the New Economics Foundation. Despite this many are thought to be missing out because they aren’t aware. As the
The number of people eligible for the benefit has skyrocketed thanks to a rule change in the Autumn Budget, according to data from the New Economics Foundation. Despite this many are thought to be missing out because they aren’t aware. As the
HMRC collected £32million from people breaching the Lifetime Allowance (LTA) in the tax year ending 2011, surging to £342million in the tax year ending 2020. These latest figures show that more and more people are being caught out yet experts claim these
More than 23 million Britons hold Premium Bonds from National Savings & Investments (NS&I). They remain the most UK’s most popular investment, even though the annual prize rate offers savers a disappointing average return of just one percent a year. Premium Bond
He made specific reference to the fact he lives in a Commonwealth country – an association of 54 member states, almost all of which are former territories of the British Empire. Mr Goldman continued: “I thought the Commonwealth had very special ties
The Commission for Social Security is lobbying the Department for Work and Pensions (DWP) to replace Universal Credit with a Guaranteed Decent Income. This new payment would be set at half of the minimum wage to ensure British citizens get a sufficient
Members of the nine-strong Monetary Policy Committee (MPC) are set to increase rates from 0.25 per cent to 0.5 per cent as the Bank’s quarterly set of forecasts are likely to show eye-watering inflation this spring. It would mark the Bank’s first
According to flash estimates from Eurostat, GDP in the Eurozone grew at 0.3 percent in the final three months of 2021, down from 2.3 percent in the previous quarter. The figure is slightly below the expected forecast of 0.4 percent. Growth for
Filling out a self assessment tax return can be a daunting task for many self-employed Britons. If you fear you won’t have completed your tax return by the deadline at midnight tonight, here’s what you need to do to avoid any penalties.
“However, we must still be aware that scammers are still likely to try and use the situation to their advantage. “There were also concerns people might be induced to transfer purely to keep a protected age of 55 rather than it being
“In all cases, the dynamic spending approach scored more highly,” he said. Mr Bourne continued: “When testing how long income can last for, they found that if you had starting income of £40,000 a year from a £800,000 pot, the dynamic spending