Personal Finance NewsThe Personal Savings Allowance (PSA) comes into force from the start of the 2016/17 tax year and will reduce the amount of tax paid on savings interest for most people. It is a radical new government scheme designed to encourage people to save more, it is conscious that it needs to incentivise savers at a […]
Saving for retirement to ensure a decent standard of living in later life should be one of the most important financial decisions we adopt from a relatively early age, but people are being put off because pensions have become too confusing. While rock bottom interest rates hasn’t helped our attitude towards savings, the constant meddling […]
Thousands of low-income households across England and Wales are being urged by the Consumer Council for Water (CCWater) not to miss out on a raft of schemes which could stop water bills from draining their finances. Eighteen out of 21 water companies will have social tariffs in place from April 1, with the potential over […]
Figures from Bacs reveal that more than a quarter of a million people moved banks in the last 3 months of 2015. This means that 2.5 million customers have now used the official Current Account Switching Service to transfer to a new provider. Santander, Halifax and Nationwide Building Society are still winning the biggest share […]
New research reveals that 9 out of 10 people don’t know their own credit score and of those that do, the average score is “poor” sitting at 567. The study by Amigo loans, which surveyed 2,000 UK adults, paints a gloomy picture of the UK’s credit landscape and shows those aged under 24 are the […]
Banking jargon continues to confuse savers and many are failing to understand common phrases, according to new research released by Aldermore today. Aldermore asked savers to correctly identify the meaning of everyday savings acronyms. Almost six in ten (59%) failed to identify AER as Annual Equivalent Rate, while only half (54%) correctly identified the ISA […]
With just a few weeks to go until the personal savings allowance (PSA) comes into effect, new research from AA Financial Services reveals that 90% of savers don’t know what the allowance is and are struggling to determine where to put their savings after April. Once the PSA was explained to survey respondents, almost half (49%) […]
New research from Sainsbury’s Bank reveals that when it comes to their finances, the majority of people don’t feel better off than last year, and their main financial worry is the cost of living going up. Key findings from the research include: 47% of people claim they feel no better about their finances this year […]
Top tips for protecting your home from winter weather: Check your boiler and heating system – If you haven’t done so already this year, get your boiler checked and/or serviced by a Gas Safe registered plumber. Roof tiles– Check for any cracked, missing or loose tiles and replace them. If a roof is in disrepair the weight […]