Personal Finance News

Brits spend almost £900 to escape on holiday this winter

16 Jan 2018 More than a third (37%) of Brits will go abroad to seek out the sun this winter, according to new research from Halifax, spending an average of £840 per person. 38% of Brits surveyed admit that the cold weather brings out a bad mood, with this figure rising to 42% for women, […]

26 million may be at risk from not checking their credit rating

15 Jan 2018 Millions of people are risking their financial future by not checking their credit score, according to Amigo Loans. New research from the UK’s largest guarantor lender has revealed over half of Brits have never checked their credit file, meaning millions could be jeopardising their financial freedom. There are approximately 51.7 million adults […]

1.3m advice clients set to miss out on £236m tax savings

15 Jan 2018  Up to 1.3 million recipients of pension advice could miss out on £236m of potential tax savings, if advisers and employers do not act on new legislation in time for April. Employees can now sacrifice up to £500 taxable salary p.a., in return for a tax-free payment from their employer, reimbursing them […]

Latest best buy savings options for pensioner bond customers

12 Jan 2018 With almost 900,000 National Savings ‘Pensioner Bonds’ due to mature over the next four months, savers may be looking for inspiration as to where to put their money in today’s market. At the time the 3 year Pensioner Bonds from NS&I were launched offering a fixed 4% return,  the offer rate was […]

Relying on an EHIC to cover your winter holiday mishaps could leave you with a mountain of medical bills

11 Jan 2018 Research from GoCompare Travel has found that 69% of UK holidaymakers wrongly expect an EHIC to provide free emergency medical treatment in Europe and 7% expect it to pay for an air ambulance to fly them back to the UK. Thousands of British skiers and snowboarders are heading to Europe this winter […]

Rising cost of living and Brexit are the biggest financial worries for 2018

08 Jan 2018 The increasing cost of living and the impact of Brexit top the Nation’s main financial concerns for 2018, according to new research from GoCompare. The research found that 40% of people think that 2018 will be a financially challenging year, with 12% admitting to being ‘seriously worried about their finances’ in the […]