All posts in "Money"
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Premium Bonds winners for September: Are you a lucky winner?

One of the winners is the first ever to come from Northumberland, with a bond number of 048DQ389856. The man bought his winning bond in 2003 and has a total of £19,994. The other winner from in September’s draw has held his bond since for 17 years – since October 2000 – one of the […]

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Pension warning: Retirees are making this BIG mistake with income drawdown policies

The number of people choosing the policies has trebled since pension freedoms were introduced in 2015, according to provider Aegon. The policies keep savings invested, while allowing retirees to withdraw an income. But too many investors are choosing investments that are best for long-term strategies, rather than short-term income needs, Aegon has warned. The difference […]

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House prices to stay strong as cheap mortgage rates help lending hit nine-year high

Home loan approvals in July surged above expectations to reached 68,700, with total lending at £21.2bn, the highest level since 2008, Bank of England data showed. It shows buyers are shaking off Brexit scare-mongering and fuelling demand in the housing market. Coupled with low levels of supply – the figures indicate that the property market […]

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REVEALED: State pension losers and winners from major National Insurance changes

Some of the worst affected will be Britain’s lowest earners, who are set to see the cost of building up access to the full state pension quadruple from £2.85 a week to £14.45. Under changes put in place by former chancellor George Osborne, Class 2 National Insurance Contributions (NIC) will be axed from April 2018. […]

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How to avoid inheritance tax: How Grandparents can help first-time buyers

Older people are giving an average £9,360 through the ‘Bank of Gran and Granddad’, according to a study by Saga. The gifts equate to deposits worth more than £37billion being passed between generations. One in three grandparents has now given their grandchildren a financial boost, Saga found. And Grannies and Granddads in Yorkshire are most […]

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Arnold Schwarzenegger joins call to act over mis-sold PPI before deadline

The clock is now ticking with City regulator the Financial Conduct Authority (FCA) setting a final deadline for claims of August 29, 2019. Millions have already claimed compensation with payouts averaging £2,000 each and in some cases much more. Following a new rule change those who have had a claim rejected may also be entitled […]

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