Finance News

FTSE 100: European stocks to plummet as coronavirus restrictions take toll on sentiment European shares fell for a third consecutive session on Wednesday. Losses in healthcare and construction stocks went against a lift from positive earnings from consumer company Nestle and telecoms equipment maker Ericsson.  The FTSE is down by 112 points at … [Read more...] about FTSE 100: European stocks to plummet as coronavirus restrictions take toll on sentiment

Pension pot: What is the average UK pension pot worth?This is due to a number of factors, including having paid off the mortgage, are no longer bringing up dependents and won’t face the same costs of commuting as a retiree.It is helpful to think of your overall pension in the form of building blocks.First, the State Pension, then your private or … [Read more...] about Pension pot: What is the average UK pension pot worth?

TV Licence warning: Dangerous scam email resurfaces which could cost Britons thousandsTV licences are needed for those who wish to watch live television on any channel at home. In most cases, a standard TV Licence now costs £157.50, and this can be paid primarily through a Direct Debit arrangement. But unfortunately, once again, fraudsters are … [Read more...] about TV Licence warning: Dangerous scam email resurfaces which could cost Britons thousands

Pension: Lifetime Allowance to increase - Britons set for higher tax-free barrierPension saving is key to many people, as are the freedoms associated with reaching the age of 55, and as a result, being able to withdraw money without meeting charges is important. However, savers will have to worry less about this, as the Lifetime Allowance is … [Read more...] about Pension: Lifetime Allowance to increase – Britons set for higher tax-free barrier

State pension payments to rise by 2.5% but triple lock to be reviewed 'as dust settles' State pension payments rise every year by the highest of 2.5 percent, national earnings rates or inflation. These measures are taken throughout the year and today, official inflation figures were released and as such, state pensioners will know how their … [Read more...] about State pension payments to rise by 2.5% but triple lock to be reviewed ‘as dust settles’

Martin Lewis confirms new HMRC tax relief rules - how to claim for expenses for the year As coronavirus raged on, many workers were forced to work from home and fortunately, tax relief can be claimed for certain elements of this set up.Due to the sheer amount of people affected by this, claiming tax relief for working from home has reportedly … [Read more...] about Martin Lewis confirms new HMRC tax relief rules – how to claim for expenses for the year

Universal credit UK: Self-employed eligibility explained as assessment rules change Universal Credit payments for employed people or for those out of work are based on the claimant’s specific circumstances and for self-employed people, it will be assumed the claimant is earning the same amount as someone in similar circumstances who is in paid … [Read more...] about Universal credit UK: Self-employed eligibility explained as assessment rules change

FTSE 100 LIVE: London shares edge higher as European markets slump amid Brexit standoffBut the EURO STOXX 50 has been lowering on Tuesday as Brexit negations continue between the UK and European Union. The FTSE 100 is seen up by 4.5 points at 5889, while the EURO STOXX 50 is down by 14.6 points at 3227.On Tuesday a top Bank of England official … [Read more...] about FTSE 100 LIVE: London shares edge higher as European markets slump amid Brexit standoff

10 ways to plan for the future and protect your finances Below are the some of the best ways to get on top of your finances (Image: APL MEDIA)In these uncertain times while we’re all adjusting to the new normal, feeling secure is more important than ever. One of the quickest and most effective ways to achieving this is by taking control of your … [Read more...] about 10 ways to plan for the future and protect your finances

State Pension boost: How much will your State Pension increase by? Latest figuresSo how much will your State Pension increase by?Wednesday’s inflation announcement could show how much State Pensions will increase by next year.So far, earnings have been low which means if inflation figures follow suit and are low, State Pensions could increase by … [Read more...] about State Pension boost: How much will your State Pension increase by? Latest figures