Tax code: Separating from your partner? You could overpay tax if you fail to inform HMRC | Personal Finance | Finance

The latter letter, N, conveys that this particular taxpayer has transferred 10 per cent of their Personal Allowance to their partner. In this current tax year – which spans from April 6 to the following April 5 – the Marriage Allowance means that a partner can transfer up to £1,250 of their tax-free allowance to their husband, wife More...

by dailyreport | Published 5 hours ago
By dailyreport On Tuesday, July 16th, 2019
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Cheap mortgage: Homeowner reveals simple switch reduced their monthly repayment by £1,000 | Personal Finance | Finance

The average mortgage period lasts 25 years, according to The Money Advice Service. Lower or discounted interest rates may be offered during the start of a mortgage, with these deals usually lasting for a certain More...

By dailyreport On Monday, July 15th, 2019
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Misery for BLUE BADGE family in the grip of PARKING enforcers | The Crusader | Finance

Glaring loopholes in an appeals system which can lack competent technology and fail safe ways of warning people where they stand have contributed to the McCaffrey family’s misery. But so too has the failure More...

By dailyreport On Monday, July 15th, 2019
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Pension contributions: How to amass £100,000 by age of 60 – how much to save each month | Personal Finance | Finance

A pension pot may be something that a person uses during their later years, but that’s not to say that it’s not something that won’t be thought about during one’s working life. In fact, regular pension More...

By dailyreport On Sunday, July 14th, 2019
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What is a mortgage free home? What does it mean to overpay on mortgages? | Personal Finance | Finance

The average mortgage runs for 25 years, however this term can be longer or shorter, according to the Money Advice Service. There are a number of types of mortgages available. This includes a repayment mortgage, More...

By dailyreport On Sunday, July 14th, 2019
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Pension contributions GAP: Pensions expert on ‘what was missed’ amid state pension changes | Personal Finance | Finance

The state pension rules changed on April 6, 2016, with the new state pension rules affecting men born on or after April 6, 1951, and women born on or after April 6, 1953. The new system is known as a flat-rate, More...

By dailyreport On Saturday, July 13th, 2019
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Pound euro exchange rate: GBP/EUR steadies as BoE says banks are ‘prepared’ for Brexit | City & Business | Finance

The central bank stated that the UK financial system was “prepared for Brexit and the trade wall fall-out.” However, Governor of the BoE Mark Carney warned that despite “extensive and expensive” preparations, More...

By dailyreport On Saturday, July 13th, 2019
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Pound US Dollar exchange rate: GBP/USD flat, no-deal Brexit may force BoE to slash rates t | City & Business | Finance

Mr Vlieghe stated that the bank may need to slash interest rates almost all the way to down to zero in the event of a no-deal Brexit. He also added that it is not clear how long it would then take interest rates More...

By dailyreport On Saturday, July 13th, 2019
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Cheap mortgage rates UK: Could switching mortgages save you £1,000 per year? | Personal Finance | Finance

For those looking to buy a home, raising the deposit and being offered a mortgage by a lender can seem like huge tasks in the property purchasing process. But, according to a campaigner behind the Mortgage Switch More...

By dailyreport On Saturday, July 13th, 2019
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Bitcoin price: Expert believes cryptocurrency to hit £100,000 by 2021 | City & Business | Finance

Bitcoin saw its highest price before December 2017 when the cryptocurrency hit just under $20,000. Anthony Pompliano, a partner and co-founder of Morgan Creek Digital, outlined why he thinks the price will increase. More...