business and finance Budget 2020: High earners get pension tax relief boost to help doctors By www.dailymail.co.uk Published On :: Wed, 11 Mar 2020 15:49:49 GMT The Government's move means most doctors will no longer be hit by tax bills due to the hated 'taper' - but it shunned widespread calls to abolish the complicated pension tax rule altogether. Full Article
business and finance Pensions chief warns older workers face delayed retirement after rout By www.dailymail.co.uk Published On :: Wed, 18 Mar 2020 16:48:51 GMT Barry O'Dwyer, chief exec of insurer Royal London, said the catastrophic rout caused by the coronavirus could mean some people nearing retirement age no longer have enough money left to live off. Full Article
business and finance What to do with your pension if you are hard up or made redundant By www.dailymail.co.uk Published On :: Mon, 30 Mar 2020 09:53:18 GMT We explain how you can mitigate the fallout from reducing or ending pension contributions for a time. Don't panic, stay vigilant against scams, and keep paying in if you can afford it. Full Article
business and finance How do I get a will signed with two witnesses during coronavirus crisis? By www.dailymail.co.uk Published On :: Tue, 31 Mar 2020 11:57:02 GMT With fear about coronavirus gripping the country, demand for wills is soaring. Law firms say they are seeing jumps in requests ranging between 30 and 70% compared with normal business. Full Article
business and finance How to stop coronavirus infecting your pension income By www.dailymail.co.uk Published On :: Wed, 08 Apr 2020 08:26:37 GMT Younger savers will have decades to recoup pension losses, but those close to retirement have tough decisions to make. Full Article
business and finance Child benefit claims plummet, meaning more parents lose state pension credits By www.dailymail.co.uk Published On :: Wed, 08 Apr 2020 16:31:30 GMT The number of families claiming child benefit has plunged by 44,000 to 7.28m over a year, and has fallen by well over half a million since 2012. Full Article
business and finance Savers struggling in coronavirus crisis warned against pension scams By www.dailymail.co.uk Published On :: Thu, 09 Apr 2020 14:39:10 GMT Savers who are under financial pressure or have lost jobs should beware scammers tempting them to tap pension pots early or switch them into higher risk investments. Full Article
business and finance Pension withdrawals soar at start of tax year: Avoid these five pitfalls By www.dailymail.co.uk Published On :: Mon, 13 Apr 2020 08:31:34 GMT Tom Selby, a senior analyst at financial services firm AJ Bell, explains how first-timers and experienced investors can avoid unnecessary losses and big tax bills Full Article
business and finance Switch away from 'flawed' RPI inflation in 2025 would cost BT £1.7bn By www.dailymail.co.uk Published On :: Mon, 13 Apr 2020 12:18:31 GMT Morten Nilsson said switching billions of index-linked government bonds it held from the Retail Prices Index to CPIH would cost it at least £1billion, due to a fall in the value of the bonds. Full Article
business and finance Should state pension triple lock be axed to help pay for the coronavirus crisis? By www.dailymail.co.uk Published On :: Tue, 14 Apr 2020 10:53:21 GMT The guarantee should be abandoned to ensure the economic recovery from the coronavirus crisis is fair to working-age households, says the Social Market Foundation. Full Article
business and finance Should you consider a direct cremation? It is the cheapest type of funeral By www.dailymail.co.uk Published On :: Mon, 20 Apr 2020 07:51:12 GMT No frills cremations cost around £1,600 on average, and ashes are returned to a family afterwards, allowing them to organise a personal memorial at a time of their choosing. Full Article
business and finance Coronavirus lockdown providing rich pickings for heartless criminals By www.dailymail.co.uk Published On :: Mon, 20 Apr 2020 08:32:35 GMT So far they have cheated victims out of £2 million, using the fear of Covid-19 to launch a wave of scams that experts describe as 'sick'. We advise you on how to thwart the fraudsters. Full Article
business and finance Should you worry about your final salary pension as deficits deepen? By www.dailymail.co.uk Published On :: Tue, 21 Apr 2020 09:01:26 GMT Many savers have ditched these generous guaranteed pensions in recent years, often tempted by huge transfer value offers. We reveal six things you must consider if you're tempted. Full Article
business and finance How do I set up power of attorney during coronavirus lockdown? By www.dailymail.co.uk Published On :: Thu, 23 Apr 2020 08:10:44 GMT Registering lasting power of attorney might start taking longer than the usual eight weeks during the current crisis, but official oversight body suggests some temporary workarounds. Full Article
business and finance What happens to my pension if I am furloughed? By www.dailymail.co.uk Published On :: Thu, 23 Apr 2020 11:23:17 GMT We explain how pensions are treated while people are furloughed, including what happens if you are in your employer's 'salary sacrifice' scheme. Full Article
business and finance I wrongly thought I got divorced - can my wife share an inheritance? By www.dailymail.co.uk Published On :: Fri, 24 Apr 2020 08:09:54 GMT We separated 20 years ago. I am about to inherit from an estate and have a small private pension and a full state pension. Can my wife claim on them? Lawyer Lisa Pepper, of Osbornes Law, replies. Full Article
business and finance Steve Webb answers your pension questions here By www.dailymail.co.uk Published On :: Fri, 24 Apr 2020 16:48:41 GMT Former Pensions Minister Steve is This is Money's Agony Uncle. Here's where you can check out all his previous columns to see if any involve issues affecting you. Full Article
business and finance How do we convince our elderly father to sign a straightforward will? By www.dailymail.co.uk Published On :: Thu, 30 Apr 2020 07:42:28 GMT The only item in the will is his house, which will be split 50/50 between my brother and I anyway. There's nothing underhand going on in any way. Lawyer Jane Sutherland of Nelsons, pictured, replies. Full Article
business and finance Savers transferring final salary pensions will get warning letters By www.dailymail.co.uk Published On :: Fri, 01 May 2020 07:23:10 GMT Any saver expressing interest in ditching a final salary pension is to be warned off in a letter telling them it's unlikely to be in their best interests. Full Article
business and finance Rose Knight, the 110-year-old who couldn't get a food delivery By www.dailymail.co.uk Published On :: Tue, 05 May 2020 22:45:41 GMT Sainsbury's customer Rose Knight, from Surrey, who drove ambulances during World War II air raids, has been unable get food dropped off at her home, despite frequent attempts. Full Article
business and finance New overdraft rates of up to 40% are meant to come into force today By www.dailymail.co.uk Published On :: Sun, 05 Apr 2020 23:01:46 GMT Controversial new overdraft rules come into force today which has seen some banks increasing overdraft rates to nearly 40 per cent. Full Article
business and finance Big banks to cut savings rates to as low as 0.01% By www.dailymail.co.uk Published On :: Wed, 08 Apr 2020 11:40:33 GMT Some savers are now in line to earn as little as 0.01 per cent - just £1 interest over a whole year on each £10,000 in their account. This is £129 less than if they switched to a top easy-access deal. Full Article
business and finance New Turner £20 note smashes estimate and sells for £7,500 in online auction By www.dailymail.co.uk Published On :: Wed, 08 Apr 2020 16:37:50 GMT An ultra-low numbered new £20 note sold for a whopping £7,500 at a behind closed doors auction this afternoon, far beyond its estimated price. Full Article
business and finance Will building society fat cats cut their pay this year? By www.dailymail.co.uk Published On :: Sun, 12 Apr 2020 08:27:42 GMT The interest building society customers receive has been cut to ribbons ever since the 2008 financial crisis. But Yorkshire's Mike Regnier, for example, will keep his £20,000 bonus from 2019. Full Article
business and finance Name-checking Confirmation of Payee cuts bank scams by 31% By www.dailymail.co.uk Published On :: Mon, 13 Apr 2020 09:01:09 GMT Britain's largest current account provider Lloyds rolled out Confirmation of Payee to customers over five weeks in February and March, and said it had now carried out 4million name checks. Full Article
business and finance Savings platforms saw surge in interest as coronavirus caused market havoc in March By www.dailymail.co.uk Published On :: Tue, 14 Apr 2020 11:00:29 GMT Savers with large pots looked for a safe haven amid market storms caused by coronavirus, with savings platforms that safely spread money around seeing a surge in applications. Full Article
business and finance Don't use cards? Here's how to get hold of cash By www.dailymail.co.uk Published On :: Wed, 15 Apr 2020 08:01:41 GMT UK banks this week outlined how how vulnerable customers can get hold of cash. For the first time, trusted friends and family will be able to make withdrawals on their behalf. Full Article
business and finance Best savings rates: Children's accounts face hefty cuts By www.dailymail.co.uk Published On :: Wed, 15 Apr 2020 08:02:54 GMT Grandparents with fixed monthly pension payments could find their bank balances are looking much healthier now they are no longer spending money on things like going out and holidays. Full Article
business and finance Best savings rates: Marcus makes a cut but new top easy-access deals are launched By www.dailymail.co.uk Published On :: Fri, 17 Apr 2020 11:05:13 GMT Savers have been handed a double blow as two market-leading easy-access deals have both disappeared within a week of each other, with Marcus and Virgin Money both making cuts. Full Article
business and finance NS&I reverses next month's planned cuts to Premium Bonds in win for savers By www.dailymail.co.uk Published On :: Fri, 17 Apr 2020 13:12:23 GMT National Savings & Investments was due to halve the number of winners of £50 and £100 prizes next month to 13,448, and the odds of winning would be cut from 24,500 to 1 to 26,000 to 1. Full Article
business and finance Record 180 savings deals vanish as Nationwide cuts By www.dailymail.co.uk Published On :: Tue, 21 Apr 2020 07:52:22 GMT There were 1,768 available savings accounts and Isas at this time in March, Moneyfacts said. By April this had fallen to 1,588, and average savings rates from 0.56% to 0.44%. Full Article
business and finance NS&I reverses savings cuts to fund Government war on coronavirus By www.dailymail.co.uk Published On :: Wed, 22 Apr 2020 07:53:36 GMT Despite interest rates plunging to record lows, National Savings and Investments has gone against the grain and abandoned plans to cut rewards which would have cost savers £200 m. Full Article
business and finance What next for savings rates? Banks tap into new funding scheme By www.dailymail.co.uk Published On :: Mon, 27 Apr 2020 13:00:35 GMT A Bank of England scheme designed to provide banks with cheap money to lend to small businesses has handed out an enormous £6billion in its first week, official figures reveal. Full Article
business and finance HSBC and Lloyds report thousands more are digitally scanning cheques By www.dailymail.co.uk Published On :: Tue, 28 Apr 2020 07:44:55 GMT Figures from two of Britain's big four high street banks revealed the numbers of cheques being digitally deposited using mobile banking apps has surged, while branch footfall has plummeted. Full Article
business and finance Last chance to open a Nationwide account offering 5% interest By www.dailymail.co.uk Published On :: Tue, 28 Apr 2020 10:54:05 GMT From the start of May, 5% savings deals will be as dead as a dinosaur, with Nationwide cutting FlexDirect from 5% to 2% and lowering the balance you can earn interest on. But you can sign up now. Full Article
business and finance Banks cut savings rates for loyal savers by four times the base rate chop By www.dailymail.co.uk Published On :: Wed, 29 Apr 2020 08:05:37 GMT The official base rate was reduced by 0.65 percentage points last month to 0.1 per cent, but savers face bigger cuts. Full Article
business and finance We waited 60 years to win £50,000 in the Premium Bonds draw By www.dailymail.co.uk Published On :: Thu, 30 Apr 2020 06:46:52 GMT Last month retired school site manager Ken Medlycott (pictured with wife Sally) won a huge £50,000 - doubling his savings. The odds of him winning such a prize in a year were one-in-7,466. Full Article
business and finance Nationwide loses current account switching crown to Monzo By www.dailymail.co.uk Published On :: Thu, 30 Apr 2020 08:00:13 GMT Nationwide lost its switching crown to Monzo in the final three months of last year, new figures show, as the highest number of people in four years switched their bank accounts in March. Full Article
business and finance Treasury will reduce Lifetime Isa penalty to 20% until next April By www.dailymail.co.uk Published On :: Fri, 01 May 2020 15:13:45 GMT In a major victory for This is Money, who raised the issue with the Treasury on Monday, minister John Glen said the Lifetime Isa withdrawal penalty would be reduced to 20% until next April. Full Article
business and finance Should you cash out as NS&I makes cuts to fixed-rate savings deals? By www.dailymail.co.uk Published On :: Mon, 04 May 2020 15:03:58 GMT While NS&I announced it was reversing planned cuts to some of its variable rate savings accounts, including Premium Bonds, it still pressed ahead with cuts to 10 fixed-rate deals. Full Article
business and finance Downsizing your home: Tips for moving to a smaller property in retirement By www.dailymail.co.uk Published On :: Fri, 02 Aug 2019 13:54:18 GMT There are many reasons people choose to move to a smaller place. Perhaps your kids have left so there's no need for all the extra room, or you want to release some cash to supplement your income. Full Article
business and finance UK towns where house prices rose the most in the past decade By www.dailymail.co.uk Published On :: Fri, 20 Dec 2019 10:07:59 GMT House prices in Hartlepool, Redcar & Cleveland and Blackpool are lower than they were ten years ago, new analysis shows. Full Article
business and finance Newcastle Building Society hands first-time buyers £2000 on top of their Lifetime Isa savings By www.dailymail.co.uk Published On :: Sat, 28 Dec 2019 09:43:05 GMT Home buyers looking to get onto the housing ladder for the first time can now access a deal that will boost their deposit savings by £2,000. Full Article
business and finance Surprise December 2019 bounce in house prices say Nationwide By www.dailymail.co.uk Published On :: Fri, 03 Jan 2020 11:45:08 GMT House price inflation was up by 1.4% annually last month despite December typically being one of the slowest in the property market, figures from Nationwide Building Society show. Full Article
business and finance What next for house prices in Britain from 2020 onwards? By www.dailymail.co.uk Published On :: Tue, 07 Jan 2020 09:24:37 GMT House prices in Britain are a much-talked about subject - and a borderline obsession for some. But after a rollercoaster ride in the past decade, what will happen next? Full Article
business and finance Equity release rates hit their lowest ever levels - but is it really as cheap as it seems? By www.dailymail.co.uk Published On :: Wed, 08 Jan 2020 09:53:52 GMT The lowest rate on the market is now just 2.84 per cent - on offer from More to Life - making it cheaper than ever to borrow against your home after you retire. But there are catches. Full Article
business and finance House prices up 4% in 2019 after a £4k December bounce, says Halifax By www.dailymail.co.uk Published On :: Wed, 08 Jan 2020 09:55:21 GMT Halifax's house price index showed the average property climbed £9,136 last year to £238,963, but the bank said that it only expected 'modest' rises in the year ahead. Full Article
business and finance Lenders slice rates on 5-year mortgages as popularity of longer term deals soars By www.dailymail.co.uk Published On :: Tue, 14 Jan 2020 08:38:18 GMT The number of five-year fixes on offer for those with a bigger deposit is now even greater than the number of two-year deals, which have traditionally been the most popular mortgage-type. Full Article
business and finance Which mortgage lenders let you use your bonuses to secure a loan? By www.dailymail.co.uk Published On :: Thu, 16 Jan 2020 07:52:26 GMT Numbers crunched by mortgage broker Private Finance reveal that picking a 'bonus-friendly' mortgage lender could add a significant chunk onto the amount some workers could borrow. Full Article
business and finance Sainsbury's Bank urged to move borrowers to a regulated lender after pulling out of mortgage market By www.dailymail.co.uk Published On :: Sat, 18 Jan 2020 22:01:42 GMT Sainsbury's Bank is under pressure to guarantee that its mortgage customers won't be sold to a 'vulture fund' or private equity firm. Full Article