Child Maintenance is ‘fundamentally broken’ as CMS chases parents for non-payment | Personal Finance | Finance

Child Maintenance helps parents who are no longer together work out a financial arrangement to cover their child’s living costs. The receiving person of Child Maintenance is the parent who has the main day-to-day care of the child, and the paying parent does not have main care. Payments and processes are overseen Child Maintenance Service, who More...

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By admin On Tuesday, January 26th, 2021
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When does the £20 Universal Credit uplift end? What will come next? | Personal Finance | Finance

What will come next? The Chancellor is understood to be considering replacing the boost with a one-off payment of £1,000. Mr Sunak has been under increasing pressure from Tory MPs to extend it. However, the More...

By admin On Monday, January 25th, 2021
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Bitcoin price hike after Nasdaq listed company buys $150million worth of cryptocurrency | City & Business | Finance

In an announcement today, the CEO of Marathon Patent Group, Inc, Merrick Okamoto said: “By leveraging our cash on hand to invest in bitcoin now, we have transformed our potential to be a pure-play investment More...

By admin On Monday, January 25th, 2021
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Traveller saved after losing £4,000 in scammers’ breakneck debit blitz | The Crusader | Finance

In one of the attacks, lasting just seven minutes, 450 transactions had gone through. “I couldn’t even have typed my PIN in that fast, but they weren’t blocked,” he told Crusader. The seafarer’s funds More...

By admin On Monday, January 25th, 2021
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State Pension: DWP urged to increase sum for retirees to match Minimum Wage | Personal Finance | Finance

State Pension  payments are made available to Britons of an eligible age who have put forward a set number of National Insurance contributions throughout their lifetime. The government website, however, states: More...

By admin On Monday, January 25th, 2021
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Self Assessment tax return: Taxpayers urged to appeal penalties as HMRC ‘gets it wrong’ | Personal Finance | Finance

Self Assessment tax return payments must be made by midnight January 31 and these bills are usually associated with the self-employed. Any sole traders who earned more than £1,000 over the previous year or More...

By admin On Sunday, January 24th, 2021
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Universal Credit and Working Tax Credit claimants may be able to get £1,200 tax-free bonus | Personal Finance | Finance

This will be 50 percent of the difference between the highest balance saved in the first two years (years one and two) and the highest balance saved in the last two years (years three and four). Should the balance More...

By admin On Sunday, January 24th, 2021
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Tax planning warning issued amid fears Britons may face 'double whammy' of higher charges

TAX AND the potential for reform is a topic which there has been no shortage of speculation about since the coronavirus pandemic first emerged. With weeks to go until Chancellor of the Exchequer Rishi Sunak delivers More...

By admin On Sunday, January 24th, 2021
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Universal Credit rise should be REPLACED with hardship payment in £6bn scheme | Personal Finance | Finance

The Centre for Policy Studies (CPS) argues that the £20 “uplift” to universal credit which is to stop at the end of March is a blunt instrument and poorly targeted. Boris Johnson and Chancellor Rishi Sunak More...

By admin On Saturday, January 23rd, 2021
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State pension amount could be increased by up to £2,340 per year | Personal Finance | Finance

State pension income can make up a significant part of a person’s income during retirement. Currently, the full new state pension is £175.20 per week – and it’s set to rise by 2.5 percent More...