OVO Energy has stated customers will be able to make a minimum of £1 for every kWh shifted below their personal target. The more electricity a person shifts, the greater their ultimate reward will be. According to the provider, the average home could earn approximately £50, but this could rise …
Read More »State pensioners to receive Christmas Bonus – when money will be paid | Personal Finance | Finance
But pensioners face a tough winter before they receive the increase in their state pension, with soaring energy prices and costs for other essentials such as food. Helen Morrissey, senior pensions and retirement analyst at Hargreaves Lansdown, said: “Soaring inflation has brought chaos to people’s finances this year and a …
Read More »Benefits claimants urged to look out for Christmas Bonus arriving next week | Personal Finance | Finance
This may apply if both of the individuals have reached state pension age by the end of the qualifying week, and if the claimant’s partner was present in the UK, Channel Islands, Isle of Man, Gibraltar, an European Economic Area (EEA) country or Switzerland during the qual claimant will also …
Read More »New and basic state pension rates – how much you’ll get next year with increase | Personal Finance | Finance
There are two rates available to pensioners depending on when a person retired. Ministers have recently announced that both amounts will increase by 10.1 percent next year. A new state pension was brought in for those retiring from April 6, 2016, bringing the State Second Pension (S2P) and the state …
Read More »NatWest scam warning over ‘quite convincing’ phishing email featuring bank logo | Personal Finance | Finance
David replied to assure Stuart that NatWest would investigate the scam immediately, saying: “I’ll get the team right on it, the game is afoot.” People can also report any scam texts they receive by forwarding them to 7726. Passing on the messages allows authorities to get a sense of what …
Read More »Winter Fuel Payment: Pensioners urged to ‘make sure’ they receive £600 payment in account | Personal Finance | Finance
“Some of them are likely to be entitled to benefits that they don’t actually claim and that could make quite a difference to their standard of living overall, so if you think this may apply to you please do call the Age UK advice line free of charge on 0800 …
Read More »Five ‘legitimate’ steps you can take to reduce and even avoid paying inheritance tax | Personal Finance | Finance
He explained: “You can nominate beneficiaries for your pension in the event of your death, which must be officially submitted to your pension provider, and IHT is not generally payable. “If you die after the age of 75 though, your beneficiaries will need to pay income tax on the money …
Read More »Pensions: Little-known mistakes costing you thousands in retirement | Personal Finance | Finance
Not speaking to one’s employer Additionally, he suggested people speak to their employer and ask if they offer salary exchange, which can help boost pension savings by making the contributions pre-tax and National Insurance. Where possible, people should make full use of employer contributions. It is worth exploring whether their …
Read More »Pensioners forced to raid retirement funds to rescue cash-strapped families | Personal Finance | Finance
Martin Lewis warns pensioners missing out on money Experts yesterday urged caution among those seeking to access their pension cash early to avoid the threat of a savings shortfall later in retirement. The latest research reveals almost a quarter of people (24 percent) have already accessed or are planning to …
Read More »Only one in seven Black Friday deals are a genuine bargain – Which? study claims | Personal Finance | Finance
Which? analysed 214 Black Friday deals last year across seven major retailers – Amazon, AO, Argos, Currys, John Lewis, Richer Sounds and Very – looking at their prices every day in the six months before and after last year’s event on November 26. The watchdog found 183 (86 percent) were …
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