Personal Finance News

28 Oct

Road accidents jump 8% in week after the clocks go back

Claims for road accidents jump 8% in the week after the clocks go back, according to analysis of internal data by Tesco Bank Car Insurance. The findings are based on data from 2013 to 2019* which compares the number of claims in the week before the clocks go back, with the week after. As we […]

20 Oct

Older homeowners’ property wealth grows by £800 a month

Over-65s saw their property wealth increase by more than £800 a month in the past six months as the housing market benefited from the Stamp Duty holiday, analysis* from UK’s leading independent equity release adviser Key shows. Over the past six months property owned outright by over-65s has increased in value by £24.225 billion which is worth […]

15 Oct

Young drivers’ insurance premiums falling

Car insurance premiums for young drivers aged 17 to 29  are falling, according to new figures from Quotezone.co.uk. The car insurance comparison website recorded the largest decrease for the 17-21 age group with a drop of 14% in average premiums from 2020 to 2021 – from an average of £1,173 to £1,008 this year. Quotezone.co.uk found that drivers aged 22-25 were now […]

8 Oct

Keeping current with crypto – understanding your capital gains tax

Cryptic crypto While its appeal may be evident to both existing and new investors, by its very nature crypto-investment has its complications – and implications when it comes to an investor’s tax obligations. Jonathan Allwood, Personal Tax Manager at Bracey’s Accountants explains how cryptocurrencies and digital assets have gone from an obscure part of finance to […]

7 Oct

Yorkshire Building Society research finds Fragile Finances are leading to poor mental health

Over one in five (23%) people in the UK feel financially worse off than when the pandemic began, with two in three (68%) saying it’s negatively impacted their mental health, new research has found. Among those whose mental health has been affected, the majority (67%) said they were anxious as a result of their fragile […]

6 Oct

Aldermore and Cashplus partner up to offer better savings rates to small businesses

Aldermore Bank and Cashplus Bank have today announced an exclusive partnership which delivers an easy to manage business savings solution for time-poor SMEs with returns 50 times that of those offered by the largest high street banks1. Cashplus selected Aldermore as the best partner for their 150,000 business customers for the highly competitive proposition they […]

5 Oct

Parents devoted to junior cash ISAs have missed out on up to £13.5bn in potential returns over the past decade

Parents saving for their children in junior cash ISAs have missed out on up to £13.5bn in potential returns over the past decade. A new study by Scottish Friendly and the Centre for Economics and Business Research reveals parents who saved into a cash version of the popular tax-free savings account have lost out on […]

24 Sep

Family or fortune? 23 million Brits check in on their bank accounts more often than their family

Recent research from RCI Bank, the digital savings bank, has found that over two fifths (44%) of UK adults are more likely to check on their bank account than they are their family and friends. A quarter (25%) monitor their bank balance at least once a day, whilst only 17% say they check in with family […]

24 Sep

Four Investing Mistakes the Ultra-Wealthy Don’t Make

Buying stocks and making investments is becoming more popular in the UK, particularly as many people found themselves with extra time on their hands during the pandemic. Investing can be a great way to supplement your income or prepare for retirement. However, not all investments pay off and a poor choice could cost you a […]