Tag: Britons
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Britons could boost their income by £16,000 tax-free thanks to these five tax hacks | Personal Finance | Finance
[ad_1] Britons could earn £16,000 in tax-free income thanks to these five tax breaks which experts are urging people to take advantage of. Households have been hit hard by the cost of living crisis in recent years which has seen inflation and energy bills skyrocket. Among the various allowances that people recommended are the marriage…
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Core inflation remains high meaning Britons will still feel pinch despite CPI plunge | Personal Finance | Finance
[ad_1] Core inflation in Britain remains high meaning that the cost of services and commodities will still bite Britons despite overall inflation falling. Core inflation, which reflects the change in prices of goods and services, except for those from the food and energy sectors, rose by 6.9 percent in the 12 months to July 2023,…
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Virgin Media O2 launch new online calculator to save Britons ‘hundreds’ on phone bills | Personal Finance | Finance
[ad_1] Virgin Media O2 has launched a new online calculator to help consumers quickly and easily check if they’ve overpaid for their smartphone – potentially saving them hundreds of pounds a year. Armed with basic information such as their mobile network provider, current device, monthly bill amount and contract start date, individuals will be able to use…
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Pension transfer delays are costing Britons and leaving them ‘financially exposed’ | Personal Finance | Finance
[ad_1] Britons are waiting an average of one month to complete a transfer of their pension funds between providers, a new report has found. However, delays from ceding companies – pension scheme members’ existing providers – transferring money to an alternative provider can be stressful and “financially detrimental”, Lily Megson, policy director at independent retirement…
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TV licence explained as Britons can reduce their TV licence bill by 50% or 100% | Personal Finance | Finance
[ad_1] As the cost of living crisis continues, many people will be looking for ways to cut costs. Some may find they can get a discount on their TV licence bill, or that they no longer need one. A TV licence is needed to watch live content that is on streaming services such as BBC…
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How to slash inheritance tax bill as majority of Britons think levy should be scrapped | Personal Finance | Finance
[ad_1] Increasing numbers of Britons are being hit by inheritance tax (IHT) bills as house prices and other asset prices increase. A person has to pay the 40 percent tax on any total inherited assets above the value of £325,000 from a single person or above £650,000 from a couple. It’s important for families to…
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Pension warning as Britons risk £115,000 shortfall – how to ‘bridge gap’ for retirement | Personal Finance | Finance
[ad_1] Sam Robinson, principal financial adviser at Almond Financial, explained how Britons can start planning for a comfortable retirement. Saving early means people will see more growth in the long term thanks to compounding interest (the interest people earn on interest) which can make even small regular savings add up significantly. For example, if someone starts…
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Carer’s Leave Act 2023 will ensure Britons can work and take care of loved ones | Personal Finance | Finance
[ad_1] Almost six million of us gladly spend many hours each week giving unpaid care to loved ones who need support – but there’s often a high price to pay, with income sacrificed and a smaller pension. Each year spent out of work performing unpaid care shrinks pension pots by roughly £5,000 at retirement, while…
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Tax burden rockets to new high with Britons set to work half the year for HMRC | Personal Finance | Finance
[ad_1] The Adam Smith Institute (ASI) estimates that every penny the average person earned up to yesterday was earmarked for the taxman. From today, June 18, we are finally earning for ourselves rather than HMRC. According to the ASI, if a taxpayer allocated all their pay to cover their tax bill on January 1, this…