Triple lock alert as legal loophole means it can ‘easily be abolished’ | Personal Finance | Finance
State pensioners received a 4.1% boost to their payments this month thanks to the triple lock policy, but such generous increases could soon be a thing of the past. The triple lock pledge guarantees the state pension goes up each April in line with the highest of 2.5%, the rise in average earnings or the inflation rate. The earnings figure was used More...
DWP confirms ‘monitoring’ bank accounts to stop fraud | Personal Finance | Finance
The UK Government has heralded ‘the biggest fraud crackdown in a generation’ to curb losses in the welfare system, with the Department for Work and Pensions (DWP) projecting that the Public Authorities More...
DWP sending letters ‘demanding £20k be repaid’ to some claimants | Personal Finance | Finance
The Department for Work and Pensions (DWP) is hiring extra staff to investigate 100% of alerts relating to earnings breaches of those claiming carer’s allowance . Last year, the Guardian revealed that the DWP More...
Pensions urged to track down lost savings as average of £14k up for grabs | Personal Finance | Finance
Raindrop, a pension finding platform, revealed it has recovered £500 million in savings from almost 45,000 lost pension pots for savers since its launch. Last year, Raindrop found £251 million in lost pension More...
Labour mortgage changes could trigger new market crash warns expert | Personal Finance | Finance
Britain is sleepwalking into another financial crisis, an expert is warning, as Labour’s push to relax mortgage rules threatens to unleash a new wave of reckless lending. Regulators have been called on to loosen More...
Martin Lewis shares advice as ‘panic’ grows over ‘lost’ investments | Personal Finance | Finance
Martin Lewis has issued some timely advice to investors amid growing concern over tumbling markets, reminding the public that stock market losses are only real when they’re locked in. As global markets experience More...
Brits urged to claim ‘little known’ inheritance tax relief that could | Personal Finance | Finance
Stock market falls may mean some families are able to claim a refund on any inheritance tax (IHT) they have paid on shares they inherited from a loved one who has died, experts say. Quilter, a wealth and financial More...
DWP crackdown warning as tiny £1 breach could trigger £4,330 repayment | Personal Finance | Finance
Ministers have announced a major crackdown on Carer’s Allowance overpayments, which could leave thousands facing new debt demands. The policy shift will see the Department for Work and Pensions (DWP) investigate More...
Bill increases for wealthy on table as Ofgem looks at standing charges | Personal Finance | Finance
Energy bills could be increased for higher earners instead of keeping the much hated daily standing charges, according to the boss of energy regulator Ofgem. Ofgem, the regulator which manages and sets the price More...
HMRC giving up to £1,200 bonus to anyone on Universal Credit | Personal Finance | Finance
More than half a million more UK savers are in line for Government bonuses worth up to £25 a month to boost their cash pots from today, HM Revenue and Customs (HMRC) has announced. As part of the Government’s More...
