As the Conservative Party chooses our next Prime Minister, our bank balances wait with bated breath to discover what is in store for them. Although neither Rishi Sunak nor Liz Truss can do very much about the external factors affecting the cost of living at present, they have radically different views about how to tackle them.
Amid the melee of ministerial resignation that took place this month, that of Guy Opperman, Pensions Minister, was one that caused alarm bells to ring. Opperman is the longest serving Pensions Minister so far, and his move to leave his role could not have come at a worse time for the many pensions initiatives that are currently in train.
With the pound slumping against many major currencies this year, not to mention the cost-of-living crisis, going on holiday abroad will be more expensive than ever this year. But many of us pay more than we need to when spending money abroad, due to expensive fees charged on our credit and debit cards, or exchange fees when switching currencies while travelling.
There are many reasons why some of your money might be in a trust structure, including protecting money for a young person; ensuring that you do not pay too much inheritance tax; and shielding wealth in complex family situations.
The Government’s change to National Insurance and dividend tax rates last week means that most of us will end up paying more in tax. There are some things you can do to counter it, however. Here are the top things that you need to know about the changes.
Boris Johnson called it ‘benefits to bricks’, but for many, the Prime Minister’s recent plan to get more people onto the housing ladder has echoes of the ’Right to Buy’ policy that changed the fortunes of many when it was introduced in the early 1980s.
With the newspapers full of articles about the rising cost of living, it’s easy to get depressed about the state of our finances. But some households are still benefitting from a period during the start of the Covid pandemic when they were struggling to spend, and it has left them with savings to spare.
While personal finance is on the curriculum for secondary schools in England, many academy schools are not obliged to teach it, while it is often overlooked in primary schools as well. Here are some that you could use, depending on the age of your child and what you want to achieve.
The 20p coin entered circulation on June 9, 1982, in a bid to ensure that the coins in our pockets were not too heavy, ten years after decimalisation changed the coins we carry.
