Category: Business

Pension Credit is designed to assist low income pensioners by providing a boost to weekly income. However, a Freedom of Information (FOI) request has revealed almost 60,000 claims made between April and August were waiting to be processed by October 26. Typically, during a tax year, some 85,500 new Pension Credit claims are received. But between April and August of this year, a total of 111,550 claims were submitted – suggesting claims have spiked in response to the cost of living crisis. Out of the 111,550 claims, 37,438 were successful with 15,580 rejected, implying 71 percent of claims are successful.  ... Read more

Frustrated “frozen pensioners” have explained how they were unaware their state pension would be affected by their decision to move abroad. Daily Express :: Finance Feed

ROYAL mail problems are now affecting people’s abilities to pay their bills according to analysis from Citizens Advice. A warning has been issued as postal customers are forced to deal with delayed services. Daily Express :: Finance Feed

RISHI SUNAK is said to be planning a “direct attack” on pensioners’ savings as speculation mounts tax hikes could be on the way. Daily Express :: Finance Feed

INHERITANCE TAX increases could pay for the coronavirus pandemic, according to an expert who suggested a hike to 80 percent. Daily Express :: Finance Feed

BITCOIN’s price has surged to a new historical high, sparking the panic of the European Central Bank’s President Christine Lagarde, whose recent comments have exposed a “widespread misunderstanding” among policy makers, a political commentator has claimed. Daily Express :: Finance Feed

CREDIT scores are used by lenders to determine whether an application for credit is approved, so how do you find out what your credit score is? And does checking your credit score lower it? Daily Express :: Finance Feed

CAPITAL gains tax is levied on the profits made when a person sells an asset that has increased in value. The gain itself is taxed, not the amount of money received but CGT may be upended in the coming weeks. Daily Express :: Finance Feed

UNIVERSAL CREDIT payments are a vital source of income for millions of people. Amid the pandemic, the Department for Work and Pensions has issued an important update to those in receipt of the benefit. Daily Express :: Finance Feed

UNIVERSAL CREDIT payments were temporarily increased in March 2020, and according to reports, Prime Minister Boris Johnson is expected to support Chancellor of the Exchequer Rishi Sunak regarding a shorter extension to the uplift. Daily Express :: Finance Feed