moneysaving

Tax bills for savings interest you weren’t paid? HMRC still estimating earnings based on previous years despite 2020’s plunging rates By Sylvia Morris For The Daily Mail Published: 22:00 GMT, 22 December 2020 | Updated: 22:25 GMT, 22 December 2020 Savers are facing baffling tax bills for interest they haven’t actually earned. HMRC estimates how … Read more

Britain will keep its £85,000 savings guarantee after Brexit… but a fall in the pound means it’s currently less generous than the one in Europe The £85,000 FSCS limit will be kept after Brexit  The amount protected may not be adjusted until 2025 It has previously been linked to €100,000 worth of savings but the … Read more

Consumer groups and businesses write to Government urging it to protect consumers’ access to cash on high street By Jeff Prestridge, Financial Mail on Sunday Published: 21:53 GMT, 19 December 2020 | Updated: 21:53 GMT, 19 December 2020 Consumer groups and businesses have written to the Government urging it to protect consumers’ access to cash … Read more

Worst year yet for cash Isa savers: Big banks paid just 38 pence interest on each £1,000 in 2020 By Sylvia Morris For The Daily Mail Published: 22:00 GMT, 15 December 2020 | Updated: 22:36 GMT, 15 December 2020 Britain’s biggest banks will pay savers as little as 38 pence interest on each £1,000 in … Read more

For almost 160 years, National Savings and Investments has been one of this country’s most-cherished institutions. Since its launch by William Gladstone, hundreds of millions of people have entrusted it with their nest eggs. It has protected the nation’s savings through most of Queen Victoria’s reign, two world wars, a financial crash and now a … Read more

Teach our children about finance at school, say parents By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:50 GMT, 12 December 2020 | Updated: 22:39 GMT, 12 December 2020 As many as nine in ten Britons did not receive any financial education at school, a survey for The Mail on Sunday reveals.  In fact, … Read more

Thousands of young savers face chunky investment charges because they cannot access Child Trust Funds due to problems proving the money is theirs. The first tax-free savings accounts began to mature just over 100 days ago as holders turned 18, but a large proportion have remained untouched since, with savers unable to benefit from windfalls … Read more

A vital refund scheme for scam victims that had faced the axe this month will be extended until June next year, Money Mail can exclusively reveal. High Street banks have pledged to continue to refund customers conned into transferring money to fraudsters — but it is thought the refund scheme will not be extended after … Read more

A vital refund scheme for scam victims that had faced the axe this month will be extended until June next year, Money Mail can exclusively reveal. High Street banks have pledged to continue to refund customers conned into transferring money to fraudsters — but it is thought the refund scheme will not be extended after … Read more

Snap up a regular savings account for any left over cash to beat pathetic current account rates By Sylvia Morris For The Daily Mail Published: 22:00 GMT, 8 December 2020 | Updated: 22:03 GMT, 8 December 2020 Savers not yet ready to invest, should snap up a regular account if they have cash to spare … Read more