BUSINESS

Jeremy Hunt was quick to hike taxes when he took over as Chancellor from Kwasi Kwarteng last year. In November’s autumn statement, he extended the freeze on income tax, inheritance tax, capital gains tax and pension lifetime allowance thresholds by two years to 2028, in a move that will net billions for HMRC Hunt has

Dr Jessica Barker, cyber security expert at Cygenta explained to BBC Money Box podcast that these scammers can “shoulder surf” and observe people typing in PIN numbers into phones. If they can steal people’s devices, they can unlock them and once that happens, sometimes people have the same passwords for their banking apps, or the

More than half a million more people are out of work due to chronic conditions than before the pandemic, according to research. And three out of five of those classed as economically inactive due to long-term sickness are 50 or over. Rest Less, a website which offers advice and support to older people, said there

Last year, the Government confirmed the majority of benefit payment rates would be raised in April. Households are currently dealing with a soaring inflation rate and sky-high energy bills which is particularly affecting low income households. Among the benefits which will receive this rate boost is PIP, a disability benefit from the Department for Work

It will trigger a revolt as people are forced to work until they drop, while many of the poorest will die before they get a penny. The state pension age will start rising to 67 from 2026, which is now just three years away. It was intended to climb again to 68 from 2044, but

In 2016 Jon Hulme and John Burke presented their idea for a wine and gin subscription service and received offers from all five Dragons. When Dragon Sarah Willingham revealed that she was already a customer, they accepted her offer of £75,000 in exchange for a 12.5 percent share in the business. As the hit BBC

Making tax-smart decisions in good time for tax-year end can make a real difference to the pension pot people have when they retire. Some pension savers could be missing out on pension tax relief by not filling out a tax return. Britons have until 11.59pm on Tuesday January 31, 2023, to send HMRC an online

It comes amid the ongoing cost-of- living crisis that has left millions at the mercy of rocketing energy, fuel, food, and goods prices. Anglian Water, which supplies 2.6 million properties, was the first to set out new charges from April 1. Its prices will rise by between 11.7 and 12.9 percent. A single-person household will

Ricky Martin has been named the most successful winner of The Apprentice. Appearing in season eight, his company Hyper Recruitment Solutions has £2.26million in net assets. This is the highest of any winning contestant’s business to date. The entrepreneur secured a £250,000 investment from Lord Alan Sugar after winning The Apprentice in 2012. Hyper Recruitment

It should be noted that people will need to pay into the account within the first 28 days or Nationwide will close it. There are three prize draws, which will take place on February 21, 2023, August 22, 2023, and February 20, 2024. If someone opens their account with less than six months to go

If Hunt acts this would be a victory for Express.co.uk, which has repeatedly highlighted the dangers of this baffling tax, that experts have described as “brutal, horrific, and impossible to understand”. Hunt is desperate to encourage the over 50s back to work, as millions have left the workplace in recent years. On Friday he called this

Waspi stands for Women Against State Pension Injustice, and represents around 3.8 million women born in the 1950s who were hit by moves to bring the state pension age into line with men.  Campaigners say this cost them up to £50,000 in lost pension, as they were forced to work on for five or six

M&G Wealth’s Retirement Revisited Report revealed that only one in three (35 percent) are very confident in their retirement plans. This is a big concern as many people still don’t know how they might make up for a shortfall in sufficient income to fund a comfortable retirement. According to data from the Pensions and Lifetime

Bill, from Birmingham, is 64-years-old and has worked hard all his life – both in the NHS and the caring profession – before he was made redundant. His life took a downward spiral after that – his parents died, then his rent increased and his energy bills doubled, leaving him with no choice but to

Pensioners are entitled to various benefits from the Department for Work and Pensions (DWP) which can help raise their regular income. One of these payments is Attendance Allowance, which is available to those of state pension age who need financial assistance if they have long-term health conditions or illness. Older Britons are being encouraged to

The state pension age is currently 66 for both men and women but is expected to increase in the near future. A rise to 67 is already planned between 2026 and 2028, and an additional increase to 68 could happen as early as 2035, some 11 years earlier than expected. A new Express.co.uk poll has

Sarah Coles, a senior personal finance analyst at Hargreaves Lansdown, outlined what the likely base rate hike will mean for those with easy access savings accounts in particular. She said: “The rate rise will be a boon for easy access savers, who’ll see rates continue to edge up. “They’ve done so for the best part

“This asked for views on ways we can improve people’s experience of the health and disability benefits system and set out ways we could make our services easier to access, make our processes simpler and help build people’s trust.” The DWP spokesperson also said the Government’s Health Transformation Programme is developing a new assessment service

The state pension is regularly described as “unaffordable”, as the nation gets older and the cost-of-living crisis makes us all poorer. So far the government has responded by hiking the state pension age for everyone. Latest reports suggest it could be increased to 68 from as soon as 2033, and carry on climbing after that.

Experts are highlighting that Britons are considering whether to “fix or not to fix” when it comes to mortgage rates following the economic downturn in the property market from last September. With analysts predicting the Bank of England will raise the UK’s base rate by 0.50 percent which will further impact homeowners down the line.