Furlough warning issued for everyone who has used scheme | Personal Finance | Finance

The Coronavirus Job Retention Scheme – which is also known as the furlough scheme – was announced back in March this year by Chancellor of the Exchequer Rishi Sunak, in response to the coronavirus crisis. On Wednesday, the Chancellor told MPs that nine million people have since been furloughed. This week, a warning for people who More...

by zshapshap | Published 10 hours ago
By zshapshap On Sunday, July 12th, 2020
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Child Benefit: How to apply for Child Benefit – Does everyone get Child Benefit? | Personal Finance | Finance

There are a wealth of benefits available to those in the UK, depending on each person’s circumstances. These can be to help those out of work, on low income or have a disability – and there are different More...

By zshapshap On Saturday, July 11th, 2020
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Pension news: Women £135,000 worse off than men in retirement | Personal Finance | Finance

Commenting, Elizabeth Scott, Financial Adviser at Fintuity, said: “The worsening pensions gap in the UK is a detriment to our country’s ability to repair an ongoing gender pay gap, and an inability to aid More...

By zshapshap On Saturday, July 11th, 2020
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State pension age will rise once more before it’ll be the same for everyone – what to know | Personal Finance | Finance

It should be noted that regardless of when a person reaches state pension age, the actual income will not be paid out automatically. A state pension will need to be claimed. People should receive a letter no More...

By zshapshap On Friday, July 10th, 2020
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Inheritance tax thresholds can be increased to £1million – rules explained | Personal Finance | Finance

Inheritance tax (IHT) is usually only paid when an estate is valued higher than £325,000. So long as the tax is due, a flat rate of 40 percent will be charged. However, this threshold can be increased if More...

By zshapshap On Friday, July 10th, 2020
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Rishi Sunak tax fears: Spending spree could add £100 per month to average UK taxpayer bill | City & Business | Finance

Experts have warned higher taxes are likely following Chancellor Rishi Sunak’s £30 billion spending spree in his summer statement on top of £160 billion already announced. Carl Emmerson, of the Institute More...

By zshapshap On Thursday, July 9th, 2020
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Inheritance tax: HMRC may check on estate valuations 20 years after payment – be warned | Personal Finance | Finance

They advise those affected to keep records of how it was all worked out, an example being an estate agent’s valuation. It is important to do this as HMRC can ask to see records up to 20 years after the IHT More...

By zshapshap On Thursday, July 9th, 2020
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Martin Lewis Money Saving Expert: Further clarity on Rishi Sunak’s Stamp Duty Holiday | Personal Finance | Finance

Under the policy, buyers are expected to save as much as £15,000, if they are purchasing a property worth £500,000 or more. The Chancellor has suggested the average stamp duty bill is therefore likely to fall More...

By zshapshap On Wednesday, July 8th, 2020
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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 More...

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...