Personal Finance News

Energy companies owe customers £1.17 billion in overpaid bills

12 Nov 2018 Millions of gas and electricity customers who have overpaid their bills are owed on average £84.80 by their supplier, according to new research by weflip, the automatic energy switching service. The research reveals that 51% of UK households have overpaid their energy by on average, £84.80, while 12% of customers have made […]

Kids to receive £45 in cash gifts this Christmas, and they’ll be saving 30% of it

07 Nov 2018   A comprehensive new study by RoosterMoney, the pocket money tracking app, has revealed that kids have been saving 30% of their pocket money so far this year. An encouraging sign compared to the Money Charity’s latest stats showing that the average household is now only saving 4.4% of post-tax income, down from […]

One in ten say they moved home after a burglary

06 Nov 2018  More than one in 10 Brits moved home after being burgled, according to a study by home insurer Policy Expert Over 2.7 million homes in the UK have been robbed in past year Revealing the psychological impact of burglary, a third (32%) had difficulty sleeping after the crime took place and almost […]

80% of JISA investors keep kids and young adults ‘in the dark’ over savings

01 Nov 2018 More than 80% of parents and relatives have been investing in JISAs for children or young relatives since they were less than five years of age. However, nearly all plan to wait until their recipients are 16 or over before telling them they have money invested, a new survey by Willis Owen reveals. […]

Workers urged to bank income tax savings announced in the budget

31 Oct 2018 Yorkshire Building Society is urging UK tax payers to increase their financial resilience by cashing in on the Chancellor’s Budget income tax giveaways and saving the money they would have had to pay to the Inland Revenue. Chancellor Philip Hammond announced on Monday that the Personal Allowance will rise to £12,500 from […]

TotallyMoney Hits One Million Free Credit Report Customers in last year

31 Oct 2018 Credit experts and FinTech scale-up TotallyMoney have asserted their position as key players in the credit report industry by acquiring over one million Free Credit Report customers since its launch last year. The rapid growth has been largely attributed to an array of features that have made a debut appearance in the credit report […]