Business

“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 …

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 …

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 …

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 …

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 …

Sobar proudly branded itself as the only one in upmarket Ashley Cross in Poole, Dorset, not to sell the hard stuff. Just five months after opening, owner Dave Tonkes admits his ambitious venture is not quite going to plan. The reformed drinker claimed teetotallers “don’t go out and socialise” in …

Last year, only 4,759 people claimed Carer’s Credit as of November 2021, according to research carried out by Quilter. The financial firm estimates that just 5,568 people claimed the support by the end of 2021 despite the Government confirming that 4.5 million individuals became unpaid carers during the pandemic. Around …

There’s still time for people to qualify for the first lump sum but struggling pensioners must put in a claim for Pension Credit before August 18. The £650 cost of living payment was first announced by the former Chancellor, Rishi Sunak in May. The first instalment is worth £326 and …

Despite the old adage “sell in May and go away”, investing in the summer has actually proven to be a better time to invest than some might think. However, certain businesses naturally do better than others and most predictably, these tend to be the more summer activity and necessity-orientated ones. Industries …

On the MeaningfulMoney YouTube channel, Pete Matthew, chartered financial planner, discussed the nature of a recession on one’s investments and how it has the potential to turn someone’s plans upside down. He discussed some possibilities that Britons approaching retirement may wish to consider. With many asset classes going down in …