Stamp duty rates 2022: What does Kwarteng’s mini-budget mean for homeowners? | Personal Finance | Finance
[ad_1] “The Stamp Duty cut is welcome in two ways. Firstly because its benefits are skewed toward first-time buyers, who are the ones being squeezed hardest by the mismatch between soaring house prices and average salaries that don’t come close to keeping up. “Conventional wisdom is that if you can help more people onto the first rung of the More...
Help for first time buyers as third of homes are now free of stamp duty | Personal Finance | Finance
[ad_1] The nil-rate stamp duty band is doubled from £125,000 to £250,000 in England and Northern Ireland. This means an average extra 200,000 buyers will pay no stamp duty at all. Of those, 60,000 will be More...
Mini-budget POLL: Share your thoughts on Kwasi Kwarteng’s mini-budget | Personal Finance | Finance
[ad_1] Is it right to cut basic rate of income tax to 19 percent and abolish the 45% higher tax rate? He also announced a cut in basic income tax to 19 percent from April 2023 – down from the current 20 percent More...
Mortgage payments set to increase for millions as interest rates rise | Personal Finance | Finance
[ad_1] The base rate is going up by another 0.5 percentage points to 2.25 per cent – the highest for 14 years – and adds to the burden for mortgage payers already struggling with the soaring cost of living. For More...
Premium Bonds: How savers can improve their odds of winning NS&I’s £1million prize | Personal Finance | Finance
[ad_1] She added: “It’s worth knowing the chances of a win too. While the chance of any win at all with a £1 bond is 24,500, in May, the chances of winning £1 million were 1 in 58.91 billion – which More...
NI cuts will save between 63p & £150 a month – how much National Insurance will you save? | Personal Finance | Finance
[ad_1] Britons are set to save between 63p and £150 a month if a proposed National Insurance cut gets the green light and is announced in the new Chancellor’s mini budget this Friday. Some three million More...
Pension: Three key ways Britons could benefit from taking 25% tax-free cash | Personal Finance | Finance
[ad_1] Pension saving is an endeavour which many people will embark upon for decades in the hopes of securing the retirement of their dreams. Tax-free cash can help savers as most will be able to take 25 percent More...
The protections in place to safeguard homeowners using equity release | Personal Finance | Finance
[ad_1] Increasing numbers of homeowners aged 55 and over are turning to equity release to access a lump sum of tax-free cash. According to figures from The Equity Release Council, the trade body for the industry, More...
TV Licence fee has risen by 1,225% in 50 years – it used to be just £10 | Personal Finance | Finance
[ad_1] The licence fee has become a widely accepted necessity for those who want to watch TV on a day-to-day basis. The law states individuals need to be covered to watch or record programmes as they are being More...
Housing market set for ‘rollercoaster ride’ as prices surge by 15.5 percent from last year | Personal Finance | Finance
[ad_1] The housing market is set for a “rollercoaster ride” as figures show prices soared by 15.5 percent. According to the Office of National Statistics, average UK house prices increased by 15.5 percent More...
