Universal Credit: Payments can be affected by earnings and this is how the system operates | Personal Finance | Finance

Universal Credit payments are designed to change automatically if earning levels change. The actual amount of hours a person works will not be taken into account, it is purely focused on the earnings. Generally, Universal Credit payments will be reduced by 63p for every £1 earned. The government provides a benefits calculator which calculates how More...

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By admin On Tuesday, February 25th, 2020
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Martin Lewis: MoneySavingExpert reveals how to protect yourself from fraud – scam advice | Personal Finance | Finance

How do you know if something is genuine or not? Scammers will often try to persuade you that you need to act urgently and secretively. For instance, one “classic example” is that scammers might say that More...

By admin On Monday, February 24th, 2020
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Pound euro exchange rate: GBP/EUR dips as France refuses ‘bad trade deal’ with UK | City & Business | Finance

French Europe Minister Amélie de Montchalin commented: “Just because [Prime Minister] Boris Johnson wants an agreement at any cost doesn’t mean we will sign a bad deal for the French, under pressure More...

By admin On Monday, February 24th, 2020
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State Pension: Tax rules can be confusing but this is what you need to know | Personal Finance | Finance

State pension payments are treated as earned income for income tax purposes and they are paid gross. This means that initially there no tax is deducted before the retiree receives it but some tax may be due More...

By admin On Monday, February 24th, 2020
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Universal Credit: Grants and schemes are available for housing costs | Personal Finance | Finance

Universal Credit is a singular payment to help with living costs. It’s paid monthly and is designed to help those on low incomes or who are out of work. The new system is designed to simplify previously existing More...

By admin On Sunday, February 23rd, 2020
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HMRC scam warning: How to protect your money against common scams | Personal Finance | Finance

Many people turn to HMRC for guidance on how to correctly handle their affairs, meaning it offers scammers many opportunities to take advantage of unsuspecting victims. The problem is so big that HMRC have departments More...

By admin On Sunday, February 23rd, 2020
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Tesco Clubcard warning: UK shoppers urged to act now or risk losing their vouchers | Personal Finance | Finance

The city of Manchester came in second, with £156,000 worth of Clubcard vouchers. Bristol took third place, with vouchers due to expire in this city coming in at £156,000 worth. Meanwhile, £137,000 worth of More...

By admin On Sunday, February 23rd, 2020
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Retirement and me: Man reveals how he tops up state pension by £400 a month | Personal Finance | Finance

Picture retirement and it could very well look very different to what another may think of. From pursing interests and hobbies to spending time with loved ones, to taking on caring roles, there is an array of More...

By admin On Sunday, February 23rd, 2020
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State pension age and free bus pass rules explained | Personal Finance | Finance

But, state pension age parity was reached in November 2018, and now the ages for both sexes are rising at the same rate. The state pension age shares a link with a bus pass for free travel for some people – More...

By admin On Saturday, February 22nd, 2020
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Royal Mail to hike price of stamps next month – how much will a postage stamp cost? Latest | Personal Finance | Finance

“Royal Mail research1 shows that the European average for First Class letters (0-100g) is £1.05.” What have Royal Mail bosses said? Stephen Agar, Managing Director of Letters at Royal Mail said: “We are More...