Rishi Sunak: Chancellor’s Plan for Jobs scheme updated as 4,500 Work Coaches are hired | Personal Finance | Finance

Rishi Sunak has spent the majority of 2020 creating generous support packages to keep employees, the self-employed and businesses afloat during the pandemic. Today, new details have been unveiled on additional support coming in mere weeks. The Government has recruited 4,500 additional Work Coaches to join Jobcentres across the UK. These new recruits, More...

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By admin On Thursday, October 29th, 2020
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Loan amounts rise by nearly £800 – ‘important’ guidance issued as payment holidays end | Personal Finance | Finance

It is relatively unsurprising to see loan numbers rise like this, as coronavirus has wreaked havoc on the economy and reduced income levels for millions of people. When looking into the data, it was revealed More...

By admin On Thursday, October 29th, 2020
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Furlough and payment holiday deadline: How to handle your financial fears as support ends | Personal Finance | Finance

These problems can take many different forms but fortunately, Credit Klarna has offered advice for some of the most common issues. Akansha Nath, the head of partnerships at the company, started off by examining More...

By admin On Wednesday, October 28th, 2020
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Pension: Savers face ‘disappointment” as pensions dashboard plans are delayed – be aware | Personal Finance | Finance

Today, an update was provided on the timeline for implementing these plans and according to the release, creating and setting the first version of data standards will be laid out in December 2020. From here, More...

By admin On Wednesday, October 28th, 2020
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Pension: DWP launches ‘Stronger Nudge’ plans to boost Pension Wise usage – full details | Personal Finance | Finance

In a follow up question, Mr Wakeford asked Guy for what take-up targets the government would be perusing in launching the new plans and Mr Opperman’s response unveiled surprising insights: “We want to increase More...

By admin On Tuesday, October 27th, 2020
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SEISS third grant: When is the next Self-Employment Income Support Scheme grant paid? | Personal Finance | Finance

The first grant back in March was worth 80 percent of average monthly trading profits, capped at £7,500 in total for three months. The second grant was worth 70 percent of average monthly trading profits, capped More...

By admin On Tuesday, October 27th, 2020
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SEISS increase: How much is Self-Employment Income Support Scheme extended grant worth? | Personal Finance | Finance

The second extended grant will cover three months from February 2021 to April 2021. HMRC has not yet announced how much the second extended grant will be worth. Previously under the SEISS scheme, grants were More...

By admin On Monday, October 26th, 2020
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Motorist fights “unfair” duplicate car hire charge – THE CRUSADER | The Crusader | Finance

“I didn’t need any extra insurance as I already have it. I told them that when they advised me to take it and asked for my credit card,” he explained to Crusader. “Before signing I showed them my annual More...

By admin On Monday, October 26th, 2020
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Universal Credit rates: Is Universal Credit taxable? | Personal Finance | Finance

Is Universal Credit taxable? Some state benefits are taxable, while others are classed as tax-free. State Pension, Jobseeker’s Allowance and Carer’s Allowance are all payments which are subject to income More...

By admin On Sunday, October 25th, 2020
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Winter Fuel Allowance: Dates, amount, eligibility – When do cold weather schemes open? | Personal Finance | Finance

Temperatures have taken a nosedive in recent weeks, with many of us choosing to switch on the heating as houses grow chilly. However, this is an additional cost which many may ill be able to afford. Across More...