‘I lost £4,000 to a convincing phone scam – here’s how you can avoid doing the same’ | Personal Finance | Finance

A pensioner was tricked out of £4,000 by fraudsters impersonating Microsoft in a cruel phone scam. Harold Richardson, 75, from Kent, fell victim to the scam last summer, which initially seemed like a technical support call but spiralled into a costly ordeal. Mr Richardson explained: “In July last year, I received a call from someone pretending More...

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By admin On Monday, December 2nd, 2024
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HMRC warns workers about ‘surprise’ tax rule that could cost ‘hundreds of thousands’ | Personal Finance | Finance

HMRC has issued new guidance to warn freelancers, contractors and consultants about the risk of “Managed Service Companies”, which could land thousands with huge tax bills. The Managed Service Companies More...

By admin On Sunday, December 1st, 2024
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‘I’m a mortgage expert – here’s how to slash as much as £51,330 off interest payments’ | Personal Finance | Finance

Homeowners can slash thousands of pounds off their mortgages by increasing their monthly payments slightly, an expert has said. Karen Noye, mortgage expert at Quilter told the Daily Express: “Many mortgage More...

By admin On Saturday, November 30th, 2024
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DWP Pension Credit update as pensioners dealt ‘disastrous’ blow | Personal Finance | Finance

Pensioners across the UK have been dealt a major blow this winter following the government’s “disastrous” decision to ration this year’s Winter Fuel Payment. A Labour rule change to eligibility criteria More...

By admin On Friday, November 29th, 2024
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Bank branch deserts are leaving elderly behind — now we have the proof | Personal Finance | Finance

We’ve all seen it: a toddler in a pushchair, barely able to string a sentence together, confidently swiping and tapping on a mobile phone. What once seemed extraordinary is now everyday life, as younger generations More...

By admin On Thursday, November 28th, 2024
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Pension Credit warning as nearly 800,000 Brits missing out on £3,900 benefit | Personal Finance | Finance

Pensioners are being urged to make sure they apply for Pension Credit as soon as possible. A surge in the number of pensioners claiming the benefit, which allows them to become eligible for the annual winter More...

By admin On Wednesday, November 27th, 2024
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Three-month warning for first-time buyers | Personal Finance | Finance

Young buyers are racing to buy properties in higher-priced areas ahead of a change to stamp duty that will add thousands of pounds to the cost. The move follows a decision by the Chancellor, Rachel Reeves, not More...

By admin On Tuesday, November 26th, 2024
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NS&I slashes rates on Premium Bonds and two other accounts ‘in response to savings market’ | Personal Finance | Finance

National Savings & Investments (NS&I) has announced it will reduce rates on three savings accounts next month, including its popular Premium Bonds. From December 20, the rates for Direct Saver and Income More...

By admin On Monday, November 25th, 2024
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Bereaved families forced to hand over extra £94,000 in inheritance tax | Personal Finance | Finance

Investigators have been offering big cash rewards to informers in a successful bid to bring in £258 million from inheritance tax dodgers, it has been revealed. The figure was some £31m – 14 percent – higher More...

By admin On Sunday, November 24th, 2024
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The Crusader – Damp and mould row takes its toll on tenant | The Crusader | Finance

Persistent mould and damp drove an asthma sufferer from her social housing home and now her future seems more precarious than ever. It was in June last year that childcare worker Selina Milligan first got in More...