Inheritance Tax UK: The key rule likely to affect your final IHT bill | Personal Finance | Finance

Inheritance tax is currently levied by HM Revenue and Customs (HMRC) and is set at 40 percent. In most cases, the bill will have to be dealt with by the executor of a person’s will, and this may provide extra strain for those involved if not considered before a person’s death. The tax only applies to the value of a person’s estate which is More...

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By admin On Wednesday, August 5th, 2020
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HSBC UK: These are the interest rates on offer to British savers | Personal Finance | Finance

The account is also exclusively opened and managed online so perfect for savers who want a more remote approach to their banking.  The HSBC Flexible Saver account currently offers a 0.01 percent interest rate, More...

By admin On Wednesday, August 5th, 2020
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ISA: Money saving tips include boosting savings by thousands with a Lifetime ISA | Personal Finance | Finance

While millions have sadly encountered a financial struggle during the coronavirus (COVID-19) pandemic, it’s a different story for others. With the UK lockdown requiring people to stay at home, many have More...

By admin On Wednesday, August 5th, 2020
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State pension UK: Women urged to check payment after DWP refunds pensioner £9,000 | Personal Finance | Finance

The call for tens of thousands of women to check their state pension comes in a new follow-up report published today by pensions specialists Lane Clark & Peacock LLP (LCP). The original paper, entitled “Are More...

By admin On Tuesday, August 4th, 2020
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Pension UK: Tax repayments fall – this is the impact it will have on savers | Personal Finance | Finance

Pension tax repayments have been a side effect of pension freedoms introduced in 2015, providing savers with the ability to manage their money as they see fit. While withdrawals are available, these are only More...

By admin On Tuesday, August 4th, 2020
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Child Benefit payments can boost state pension income but there is a warning about claim | Personal Finance | Finance

Child Benefit is something which a person who is responsible for bringing up a child under the age of 16 – or under 20 if they stay in approved education or training – can claim. While only one person More...

By admin On Tuesday, August 4th, 2020
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State Pension: How is my State Pension taxed? | Personal Finance | Finance

Providing you have made enough National Insurance contributions, once you reach retirement age in the UK you are entitled to receive your State Pension. To claim the State Pension you do not have to stop working, More...

By admin On Monday, August 3rd, 2020
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Universal Credit loan: Can I get a loan on Universal Credit? | Personal Finance | Finance

If you’ve moved from Universal Credit to Pension Credit, any time spent claiming the benefit will count towards the six months. You cannot get a Budgeting Loan if you are currently claiming Universal Credit More...

By admin On Monday, August 3rd, 2020
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PIP rules: DWP change how claims are processed – how are you affected? | Personal Finance | Finance

As part of this assessment, the Department for Work and Pensions (DWP) may have considered the claimants ability to manage medication and monitor the health condition. However, from November 2016 there was a More...

By admin On Monday, August 3rd, 2020
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FTSE 100 LIVE: Global stocks soar on fresh hopes of economic recovery | City & Business | Finance

Japan’s benchmark Topix index rose 1.4 per cent ithis morning, the FT reported. China’s CSI 300 of Shanghai- and Shenzhen-listed stocks added 0.8 percent. Australia’s S&P/ASX 200 did not change much. Wang More...