Who wants to be a millionaire? Isa do! The fund and trust-based savings accounts that have made a mint since 1999 March 3, 2023 Savers who have ferreted away their annual tax-free individual savings account (Isa) allowance since the scheme was launched in 1999 would have seen some serious returns. While Isa millionaires, are few and far between there are some funds that have helped savers grow their Isa pots to over six figures. According to savings platform AJ [...]
Government criticism of FCA’s consumer duty slammed by former watchdog official February 27, 2023 The City minister’s damning comments on planned consumer protection rules are a case of the government criticising the Financial Conduct Authority “for doing exactly what [it] has told it to do”, a former top regulator has said. City minister Andrew Griffith was reported to be scathing of the FCA’s planned consumer duty, which is set [...]
Five New Ways We’re Doing Hybrid Work February 27, 2023 We’ve come a long way since March 2020. Most workers will easily recall the day they were told to pack up their laptops and work from home for the foreseeable future. The Covid-19 pandemic revealed many companies were not prepared for remote working, and led to a whirlwind of uncertainty. The workforce adapted quickly. In [...]
Unpaid overtime forcing public sector workers to quit February 25, 2023 Public sector workers are becoming “burnt out” and quitting their jobs after putting in millions of hours of unpaid overtime last year, according to a report. The TUC urged everyone to work their proper hours as part of its annual campaign against excessive unpaid overtime. The union organisation estimated that employers claimed £26bn of free [...]
Pensions better than property? And, how a nudge might make you wealthier in later life February 24, 2023 The property boom of the last few decades has given rise to the idea of a home not just as a castle, but as bonafide crock of gold which can be used as an alternative to a pension. Pension provider Standard Life has carried out research that shows how different generations are answering the age-old [...]
Isa explainer: should you go for cash or stocks & shares? February 23, 2023 Savers have just over four weeks to make the most of this year’s tax-free savings allowance. We look at the different types of ISA available and how to find the one that’s right for you. Individual Savings Accounts, or Isas, were introduced by the government to encourage more people to save and allow savers to [...]
Gender pay gap: Women who have children work two months free every year February 23, 2023 The gender pay gap is almost 15 per cent, and widens “dramatically” after women have children, according to the TUC. The TUC said its study suggested that the average woman in paid employment effectively works for free for nearly two months of the year compared to the average man. The gender pay gap means that [...]
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 [...]