Inheritance Tax UK: This act could eliminate an HMRC bill for spouses on IHT | Personal Finance | Finance

For example, giving away a home to children or grandchildren can increase a person’s threshold to £500,000. In the same way, there are options for married people and civil partners to explore in the quest to lower an Inheritance Tax bill. If a person is married or in a civil partnership, and their estate is worth less than the current threshold, More...

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By admin On Sunday, July 5th, 2020
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Self employed scheme: When is the second SEISS grant paid? | Personal Finance | Finance

If you make a claim for the second grant, you will have to confirm your business has been adversely affected on or after July 14, 2020. If you are eligible for the scheme, but did not claim the first grant, More...

By admin On Sunday, July 5th, 2020
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PIP points needed: How many points are needed to receive PIP? | Personal Finance | Finance

Personal Independence Payment is for those who need help with everyday tasks and mobility activities. PIP is extra money to help you with everyday life if you have an illness, disability or mental health condition. You More...

By admin On Saturday, July 4th, 2020
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Martin Lewis Money Saving Expert: Advice for thousands on a payday loan agreement | Personal Finance | Finance

Martin Lewis, the Money Saving Expert, has weighed in on a number of concerns brought to him by members of the public. The expert offers help with questions, which has helped Britons save money, live more efficiently More...

By admin On Saturday, July 4th, 2020
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Pension shock: How could divorce impact YOUR pension – The unfair impact on women revealed | Personal Finance | Finance

This is a stark difference to those who are £51,000 and £156,500 which women and men who are not divorced retire on respectively, according to the study published by NOW: Pensions. The sums for pension pot More...

By admin On Friday, July 3rd, 2020
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Pension contributions: Warning as some may ‘never be able to afford to retire’ – will you? | Personal Finance | Finance

Pension income is a crucial, yet fragile element of retirement. In the modern economy, a person’s ability to retire is largely dependent on how much they were able to save in their working life but this brings More...

By admin On Friday, July 3rd, 2020
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Tax changes by Rishi Sunak which may lie ahead to cover £300billion coronavirus costs | Personal Finance | Finance

With the UK having spent months in lockdown, much of everyday life has ground to a halt, and millions have felt the financial impact of the coronavirus crisis. Amid businesses being forced to close in order More...

By admin On Thursday, July 2nd, 2020
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Mortgage costs – how the government needs to take ‘immediate action’ to fix stamp duty | Personal Finance | Finance

Mortgage bills could be made even more expensive than they already are if stamp duty is involved. In England and Northern Ireland, people will be liable to pay stamp duty when they purchase a residential property More...

By admin On Thursday, July 2nd, 2020
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Premium Bonds: NS&I reveals July 2020 jackpot winner bought Bond in May | Personal Finance | Finance

July 2020 has arrived, and National Savings and Investments (NS&I) has released some details about the Premium Bonds winners for the July 2020 prize draw. In this month’s draw, a total of 3,710,908 More...

By admin On Wednesday, July 1st, 2020
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Saving advice as the economy reopens – avoid trying to ‘keep up with the Joneses’ | Personal Finance | Finance

Savings are being relied upon more than usual at the moment given that coronavirus is continuing to impact the economy. Thankfully, we are starting to see evidence for a slow recovery as lockdown rules are eased More...

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