Browsing: Finance

The staggering sum earned by Apprentice runner-up Luisa Zissman for each Instagram post. LUISA ZISSMAN came in second place in the 2013 series, but she was named the contestant with the highest social media earnings. During her time on the show, Ms Zissman quickly became a fan favorite, and she narrowly lost to Leah Totton. Ms Zissman has earned a high social status among the media and over £2,000 for each Instagram post by not being camera shy. Ms. Zissman’s rapid rise to fame as a TV personality following her time on The Apprentice came as no surprise to many.…

Brexit is a win for the City of London, with new businesses bringing in £13.9 billion – three times the amount forecast for 2020. LONDON has received a Brexit boost after new company listings in the UK markets raised £13.9 billion in 2021, three times more than in 2019, the last full year before Brexit. Deliveroo came out on top with £1.5 billion in revenue, followed by Dr Martens plc with £1.3 billion. In 2021, the first full year after Brexit, 108 new companies were founded in the capital, with a total value of £14 billion. This is in sharp…

Is your retirement in jeopardy? Britain’s pension savings are in jeopardy. PENSION SCAMMERS prey on unsuspecting retirees, stealing their hard-earned money. The average amount stolen has risen to £50,000 in the last year, prompting warnings to retirees about the increased risk and how to avoid losing their money and becoming a victim. Because people could withdraw all of their money from their pensions in one go after the Pension Freedoms Act in 2015, scammers began targeting vulnerable pensioners. Action Fraud reported a doubling of the average amount lost by pension scam victims in 2021 to £50,000 from around £23,689 in…

‘It’s free money!’ – Are you taking advantage of your employer’s pension contributions? Increased workplace pension contributions could help workers in the United Kingdom improve their retirement prospects. Workplace pensions have been a big help in getting people to start saving for retirement, but many people aren’t taking advantage of them. Employer contributions that are maximized could give people’s pension pots a boost. Many people are still in the dark about pensions in general, according to Becky O’Connor, Head of Pensions and Savings at interactive investor, because there are so many factors to consider. “Like so many other aspects of…

The average pensioner’s annual income is £19,240 – how much do you need to save? The average pensioner receives £19,240 per year, but saving enough to fund that retirement income is difficult. Many people are unsure of where to begin. People who rely solely on the State Pension will fall far short. Building a personal savings account is critical, but many people face two issues. The first is that most people have no idea how much total savings they’ll need to retire comfortably. The second reason is that they have no idea how much annual income their savings will provide.…

Covid grant recipients may be caught off guard if they need to file a self-assessment tax return. THE DEADLINE FOR SUBMISSION OF SELF-ASSESSMENT TAX RETURNS AND PAYMENTS HAS BEEN EXTENDED, BUT WHO IS OBLIGATED TO DO SO? HMRC’s Self Assessment system collects income tax from people who don’t have it deducted automatically from their paychecks. The vast majority of people affected are self-employed, but there are a variety of different income types that will necessitate filing a Self Assessment tax return. Individuals with income from other sources will need to file a Self Assessment tax return and pay any tax…

Pension: Britons are being urged to take advantage of the’secret’ to early retirement, which is ‘within your reach!’ Many people could discover the “secret” to early retirement, prompting a PENSION alert. Early retirement is likely to be a goal for many people who want to leave the workforce, but it can be challenging to achieve. This is because it frequently necessitates additional funds in order for a person to support themselves for longer periods of time without receiving a salary. However, if a person wants to retire early, there is one important “secret” to keep in mind, according to an…

This year’s Child Benefit rates are increasing; how much more will you receive? As new government regulations take effect this year, CHILD BENEFIT RECIPIENTS will see a variety of payment changes. When the new tax year begins in April 2022, child benefit payments will increase by 3.1 percent. It means that for their eldest or only child, parents will receive an extra £33.80 per year, and £23.40 for each additional child. The Department for Work and Pensions (DWP), which is responsible for welfare, pensions, and child maintenance policies, has confirmed a benefit increase. Benefits like these typically rise each year…

‘The con of the century!’ – Pensioners are outraged as the state pension triple lock is set to be scrapped. PENSIONERS have been left dissatisfied after the state pension increase was thrown into the air. This year’s decision to temporarily suspend the triple lock has sparked a lot of debate about the state pension. Readers of this website used the comment section to express their dissatisfaction. The triple lock, which was previously in place to help protect pensioners’ income, will not be honored for the coming tax year. The triple lock policy is a government guarantee that ensures a minimum…

As Sunak’s stealth tax takes £430 from hardworking Britons, ‘years of tax increases’ loom. If Chancellor Rishi Sunak’s plans to freeze the personal tax allowance and raise the tax threshold go ahead, Britons will lose £430 per year. The government’s secret tax raid will cost the average English and Welsh family £430 per year. By 2026, the freeze will require an additional 1.5 million low-wage workers to pay income tax. Struggling families are in for more bad news this week, as the government’s proposal to freeze the personal tax allowance is expected to be approved. The decision to keep the…

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