Woman hit with HMRC tax warning after selling flat she’s never even lived in | Personal Finance | Finance

A mum contacted HMRC to ask if she would get a capital gains tax bill in selling a flat. The woman reached out to the tax authority over X to ask: “Could you tell me I bought a flat for my children to stay in while at university. I paid the bills for it. “If I sell this flat when they leave university do I have to pay capital gains tax More...

by admin | Published 1 year ago
By admin On Friday, April 12th, 2024
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State pension mistake that could cost you £328 a year – expert | Personal Finance | Finance

State pensioners could be missing out on £328 a year by not being on the full amount they could claim, an expert has warned. A person typically needs 35 years of National Insurance contributions to get the More...

By admin On Friday, April 12th, 2024
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Petition calls for £9,000 pay boost for thousands of workers to end ‘age discrimination’ | Personal Finance | Finance

A new petition is calling for a £9,000 pay increase for thousands of Britons by increasing the National Living Wage. Supporters want the current National Living Wage for those aged 21 and over, which is £11.44 More...

By admin On Friday, April 12th, 2024
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State Pension: The 7 countries with a higher retirement age than the UK | Personal Finance | Finance

Retirement age increases in the UK have been accelerating in the past few years – but some countries have to wait even longer to cash in fully on their pensions. In the UK, the retirement age is defined More...

By admin On Friday, April 12th, 2024
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UK city with highest amount of jobless Brits on benefits | Personal Finance | Finance

Britain’s big cities may be the driving force behind Britain’s economy however, new evidence makes clear their streets are certainly not paved with gold. For some of the biggest, such as Birmingham and many More...

By admin On Friday, April 12th, 2024
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WASPI chief’s damning verdict of new Labour tax advisor who called for pensioner tax hikes | Personal Finance | Finance

A WASPI campaign leader had hit out at a new Labour tax adviser who called for tax hikes targeting pensioners. Former Treasury tax adviser Sir Edward Troup has been appointed by Shadow Chancellor Rachel Reeves More...

By admin On Friday, April 12th, 2024
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Premium Bonds customer ‘hasn’t won a penny’ in 60 years | Personal Finance | Finance

A Premium Bonds customer who has loyally held her Bonds for over 60 years spoke of her disappointment at winning zero prizes. The woman took to X to share her frustration after she went through a prolonged process More...

By admin On Friday, April 12th, 2024
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Interest rate cuts hope dashed as city traders give brutal update | Personal Finance | Finance

Hopes of up to six interest rate cuts this year to fuel a feel-good factor ahead of a General Election have been quashed. In January, City traders were hopeful the Bank of England would start to cut the base More...

By admin On Friday, April 12th, 2024
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State pension warning as 400,000 sent unexpected HMRC bill | Personal Finance | Finance

Hundreds of thousands of pensioners are being warned they may soon have to start putting money aside for “unexpected” tax bills. State pension rates increased by 8.5 percent this month, in line with September More...

By admin On Friday, April 12th, 2024
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Green energy switch: E-Merge makes it affordable and reliable for firms | City & Business | Finance

As companies look to reap the advantages of renewable energy and EV charging, the E-Merge Group is aiming to be their greenest link, reliably navigating their transition with bespoke and affordable end-to-end More...

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