Personal Finance NewsThis month’s Premium Bonds jackpot winners come from Hereford & Worcester and Essex. The August draw saw the prize fund rate increase to 4%, and the odds improve from 24,000 to 1 to 22,000 to 1, meaning that each £1 Bond now has its best chance of winning a prize in almost 15 years. This […]
A saver with £1,000 in Premium Bonds still likely to win nothing But someone with average luck and £50,000 in savings now stands to return 3.45% over a year in August compared to 3.2% in July This would work out as an extra £125 through the year in prize winnings Analysis by actuarial consultancy OAC […]
More than a quarter (29%) of people have not yet booked a summer holiday, but more than three quarters of them are still planning to go away, according to a new survey* by travel insurance provider, Multitrip.com. Almost half (48%) are hoping to travel to Europe, more than a quarter (26%) worldwide, 7% UK, and […]
Over half (55%) of hire car drivers pay for their holiday using a credit card, and a third (32%) use their usual credit card for purchasing things whilst abroad, according to a new survey of over 1,000 hire car drivers, carried out by Opinium on behalf of iCarhireinsurance.com, a leading supplier of car hire excess […]
Holidaymakers are once again likely to face a summer of travel disruption. Whilst the recently announced strike by 2,000 security officers at Heathrow has now been called off, it follows BA’s IT meltdown and the electric passport gates failure during half term, as well as ongoing disruption caused by French air traffic control strikes, which […]
HSBC UK has unveiled its new student account offer for those starting university, offering a mix of benefits to support students with their finances and help student wellbeing with free access to the meditation platform Headspace. The account offer, which is now available, includes: · £100 in cash, to be transferred directly into the opened account · A one year […]
Widespread uncertainty and confusion around Inheritance Tax (IHT) means millions of over 55s are at risk of leaving families with what could be a significant tax bill to be pay from the deceased’s estate. Research from financial planning experts at abrdn found that a third (32%) of UK adults over the age of 55 (16.4 […]
Managing personal finances in 2023 presents a unique set of challenges in the UK. With an unpredictable economy, taking control of your financial situation is crucial. This article aims to provide five straightforward steps to clear your debts, cut down your living costs, and achieve financial stability in the year ahead. By implementing these tips, […]
More than a third (37%) of hire car drivers are unaware that they are liable for the excess (the first part of any claim) if their car is damaged or stolen, which can be up to £2,000, even if it is not their fault. Excess waiver can be bought to protect drivers from this, however […]
