Life insurance policies can mean dependant adults or children have some financial security upon the policy-holder’s death. But, it may be that an insurance provider refuses to pay out, should the individual have been a smoker, but had not told the insurer. According to research by Money Super...
The age that a person chooses to end their working life will largely come down to their personal preference and financial situation. However, it’s only upon reaching state pension age when those eligible will be able to claim their state pension. The state pension age is currently rising,...
A tax code informs an employer or pension provider how much Income Tax should be paid to HMRC. The codes can vary from person to person, depending on an individual’s personal financial circumstances. Currently, the most common tax code in the UK is 1250L. This means that a...
Universal Credit is a payment which is designed to help with living costs. It’s paid monthly, however this may be twice per month for some people in Scotland. Those living in Northern Ireland will follow the Universal Credit in Northern Ireland system, with more information on this being...
Ashley and her brother are executors to Bob's will, which shares everything equally between them. This includes his two-bedroom, semi-detached house, worth about £150,000, and a car worth about £3,500. However, when they instructed solicitors on the sale of the house, they were left in shock after being told...
Amber Rudd, the Secretary of State for Work and Pensions in the UK, has announced she is setting out changes to Universal Credit. The new rules will apply to when a new household registers to claim the benefit. Following the changes, the Department for Work and Pensions (DWP)...
Caring for a pet can be one of life’s great enjoyments for many people. That said, looking after animals can be a costly hobby. Some people will try and reduce the risk of huge outgoings by taking out pet insurance - covering themselves for high vets bills and...
The increase in inflation was slightly stronger than forecast, with the yearly figures rising 1.3 percent, while month-on-month figures also improved 0.2 percent, but investors are still expecting the ECB to take policy action. Marion Amoit, an Economist at S&P Global Ratings, also warned: “The global slowdown ...
When it comes to getting a mortgage, the amount that a person can borrow will largely come down to what they can afford. The types of mortgages available will vary - with some people opting for repayment mortgages, while others will pay interest-only mortgages. It may be that...
Year-on-year sales jumped from May’s downwardly revised 2.2 per cent to 3.8 per cent, and excluding fuel annual sales rose by 3.6 percent. The Office for National Statistics (ONS) stated: “All four main sectors contributed positively to the amount spend, and all sectors except food contributed positively to the quantity...