Universal Credit: Does a tax rebate affect Universal Credit? | Personal Finance | Finance

Many will receive a surprise in the post over the next few months as April marked the end of another tax year. Some people will find out they are due a refund on their tax, known as a tax rebate, while others will have not paid enough tax this year. Here’s how a tax rebate can affect your entitlement to Universal Credit. What is a tax rebate? After More...

by zshapshap | Published 11 hours ago
By zshapshap On Wednesday, July 8th, 2020
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How YOU could be getting a £500 voucher to spend in Britain's shops – Who would get one?

RISHI SUNAK has encouraged Britons to head to the shops and spend money as lockdown restrictions are easing. Could the Chancellor give you £500 to spend in shops? Source link  More...

By zshapshap On Tuesday, July 7th, 2020
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Inheritance tax suitability – MP insists ‘it is not quite as large an issue’ as thought | Personal Finance | Finance

“The current threshold of up to £1million for a qualifying married couple or civil partnership means that 96 percent of all estates in 2020-21 are forecast to be able to pass on their assets without any inheritance More...

By zshapshap On Tuesday, July 7th, 2020
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Overdraft charges: How to save money when using your overdraft | Personal Finance | Finance

Overdraft charges will be subject to major changes in the next week and people are now being urged to act. New regulation was brought into action on April 6, 2020, but many banks may choose not to increase rates More...

By zshapshap On Monday, July 6th, 2020
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Inheritance tax warning: Additional taxes can be levied in these contexts – what are they? | Personal Finance | Finance

Inheritance tax is only levied on estates of certain sizes and according to HMRC, only four to five percent of estates in the UK pay IHT. For those it does affect though it can be a costly burden. IHT is More...

By zshapshap On Monday, July 6th, 2020
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Martin Lewis: Money Saving Expert reveals impact of mortgage payment holiday | Personal Finance | Finance

Mortgage payment holidays have been a lifeline for some of those who have been hit financially during the coronavirus crisis. And, with the Financial Conduct Authority (FCA) having created rules to extend this More...

By zshapshap On Sunday, July 5th, 2020
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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 More...

By zshapshap On Sunday, July 5th, 2020
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Money saving tips: Savvy savers reveal the ‘painless’ ways to cut costs | Personal Finance | Finance

Money saving has become more important as the cost of living continues to rise and the impact of COVID-19 squeezes purses. Many people are looking for ways to save money which will not have a negative impact More...

By zshapshap On Saturday, July 4th, 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 zshapshap 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...