Savers get three-month warning over £50bn in maturing ISAs January 30, 2025 Savers are being urged to act as a huge £53.9bn in cash ISAs will mature by April, according to Paragon Bank. Paragon said that £36.4bn of that was held in one-year, fixed-term deals, which are almost certainly paying better rates than savers can get today. Derek Sprawling, savings managing director at Paragon Bank, said: “Over [...]
Show me my money! Four ways to get your finances in order before the new tax year January 30, 2025 The financial landscape is vast, and navigating it can be a headache, especially with a lot of change. However, with inflation still eating into savings, and a bigger tax burden on individuals looming for 2025, protecting your money and making sure it is working hard enough for you has gone from a nice-to-have, to a [...]
How to pick a financial adviser January 29, 2025 In a world of volatile markets and ever-changing regulation, having a financial adviser in your corner could be a shrewd move to protect your finances and ensure that you have enough money for a comfortable retirement. The use of financial advisers in the UK has slowly crept upwards in recent years. In 2022, 8.3 per [...]
Nearly a million extra savers face shock tax bills January 28, 2025 Almost 1m more savers could be hit with shock tax bills this year, Shawbrook Bank has warned – unless they keep their cash in an ISA. More than 6m savers will pay tax on interest in 2025, up 800,000 from the number of savers who had to pay tax on interest last year. This is [...]
CMA to “brainstorm” growth ideas with business groups as pressure mounts January 27, 2025 The competition watchdog is set to be grilled by some of the UK’s biggest business bodies tomorrow as it looks to shore up confidence following the ousting of its chair by ministers last week. The Competition and Markets Authority (CMA), which has faced anger from both the government and private sector over what has been [...]
How to shield your pension from Labour’s inheritance tax raid January 27, 2025 Financial advisers are cautioning against taking extreme measures in response to the government’s plans to slap inheritance tax on unspent pension pots from April 2027. However, there are some measures that savers can take as part of their overall estate planning strategy. Pension pots are usually exempt from inheritance tax. But in last October’s Budget, [...]
‘I’m still going to leave’: Reeves’ non-dom concession is not enough for London’s super rich January 27, 2025 Amid an exodus of the country’s millionaires and billionaires, the government is revisiting its reforms to the non-dom regime. But the recent changes floated by the Chancellor have been given short shrift by non-doms and their advisers. Ali Lyon explores what might actually stem the departures of the UK’s wealthy foreigners. In the clandestine and [...]
UK train ticket reform is long overdue, but we need smart data to power it January 24, 2025 Buying a train tickets shouldn't feel like getting out of a labyrinth. Utilising data in transport, like Manchester, could revolutionise our railways, writes Nigel Shadbolt.
Slack chat murders and office missions: How to play The Traitors at work January 23, 2025 Ever dreamed of banishing your boss? We speak to the office who played their own version of The Traitors and can help you set up your own.
The Capitalist: Davos, Prince Harry and the City’s unstoppable salad cult January 23, 2025 Dispatches from Davos, Prince Harry's settlement and the salad's unstoppable conquest on the City: catch up on the latest City gossip.