Carers in the UK play a vital role in providing support for individuals who need extra help due to age, illness, or disability. Their work often goes unnoticed, despite the significant value it brings to society. Carer’s Allowance is the financial support provided to individuals who are taking on this important role. However, many feel … Read more
As the UK gears up for the next general election, one of the biggest concerns for pensioners and future retirees is the fate of the state pension’s “triple lock” policy. The triple lock has been a cornerstone of pension policy since its introduction in 2010, ensuring annual increases in line with the highest of three … Read more
The UK government is facing backlash over proposals that could see the state pension age rise to 71 by 2050. The move, aimed at addressing financial pressures caused by an aging population, has been met with widespread criticism from workers, pensioners, and economic experts. Current State Pension Age and Planned Increases At present, the state … Read more
As families across the UK prepare for the February half-term break, the government’s Household Support Fund (HSF) continues to offer crucial support to those facing financial hardship. The scheme, which has been extended until March 2025 with an additional £421 million, aims to alleviate the pressures of rising living costs by providing essential aid to … Read more
Thousands of Barclays customers faced a frustrating disruption last week when a technical outage left them unable to access their accounts or make payments. The outage, which lasted for nearly 24 hours, coincided with the HM Revenue and Customs (HMRC) deadline for self-assessment tax returns, raising concerns that affected customers could be penalized for missing … Read more
In the UK, millions of workers face the issue of overpaying taxes each year. This often happens because of incorrect tax codes or not claiming available tax reliefs. Understanding the process of getting a tax refund is crucial for those who might be entitled to recover their overpaid taxes. This article explores why people overpay … Read more
The £10 Christmas Bonus, a longstanding government initiative, continues to remain unchanged since it was introduced in 1972. Despite inflation over the years reducing its value, there are no current plans to increase the bonus, according to the Department for Work and Pensions (DWP). While many have expressed concern over the declining value of the … Read more
Inheritance tax (IHT) is a topic that concerns many people in the UK. There has been increasing discussion recently about potential changes to the inheritance tax system, especially regarding the seven-year rule. This rule is a key part of inheritance tax law, and it is important for individuals to understand how it works, particularly as … Read more
The UK is making strong efforts to tackle economic inactivity, especially among individuals with disabilities and long-term illnesses. The Department for Work and Pensions (DWP) has started a significant review aimed at helping these individuals find jobs and be part of the workforce. Led by Sir Charlie Mayfield, an ex-John Lewis executive, this initiative hopes … Read more
Many UK workers may be in for a pleasant surprise as HMRC prepares to issue tax refunds for those who overpaid their taxes. In the 2022-23 tax year, the government refunded a staggering £8.3 billion in overpaid taxes. On average, each eligible taxpayer received £943. With the self-assessment deadline approaching on January 31, experts are … Read more