Inheritance tax brought in nearly £600m a month, as experts warn that frozen threshold is punishing taxpayers February 21, 2023 Inheritance tax (IHT)receipts for January 2023 totalled £578m up from £443m in the same month a year ago, according to HMRC figures. It takes the total inheritance tax take for the 2022-23 Financial Year to date to £5.9 billion, £853 million higher than through the same period last year. The total IHT take for 2021-22 [...]
Prepayment customers twice as likely to go into debt, new data reveals February 20, 2023 People with prepayment meters in their homes have been nearly twice as likely to dip into debt due to the cost of living crisis than others.
Savers warned of approaching state pension National Insurance ‘top-up’ deadline February 17, 2023 Those with missing years in their state pension contribution record between 2006 and 2017 have until April 5 to make voluntary contributions, an investment platform has warned From 6 April the number of extra years available to purchase drops to the last six tax years Alice Haine, personal finance Analyst at Bestinvest, a DIY investment platform [...]
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‘Mortgage chaos’ of last few months eases as available deals surpass 4,000 February 13, 2023 The number of mortgage deals available has surpassed 4,000 for the first time in six months according to a financial information website. Moneyfacts.co.uk, which counts the number of mortgage products at the start of each month, said 4,341 deals were available on 1 February compared with 3,643 products at the start of January. Many mortgage [...]
Do you know how to excel in a competency-based interview? February 13, 2023 Is there anything more daunting than a job interview? After all, there’s so much to consider. If it’s a video interview, you have to think about your connectivity, lighting and background. If it’s in person you’ll have to figure out how to get there, what to wear… That’s all before you even consider the kind [...]
Cost of living crisis could drive the Bank of Mum and Dad bust, life office warns February 13, 2023 The wealth of parents who have been supporting their ‘adult’ children could be about to dry up, a life office has warned. According to the Institute for Fiscal Studies (IFS), £17bn a year is gifted or loaned annually, almost all from parents to adult children But Canada Life said its survey found that almost half [...]