Personal Finance

Why you shouldn’t take money from your parents to buy a house

The extent to which young adults’ families now step in to help them access homeownership was initially a consequence of house price inflation. Now it is also likely a cause of it.

Bank of England should hold interest rates next month, says rate-setter

Bank of England should hold interest rates next month, says rate-setter - Nevertheless, Jonathan Haskel stressed there are ‘considerable encouraging signs’ related to inflation.

July 2024 dates for benefits and pensions after cost of living payments

July 2024 dates for benefits and pensions after cost of living payments - The UK’s cost of living will be a major talking point in the run up to July’s general election

What business expenses can self-employed people write off against tax? HEATHER ROGERS explains

All tax practitioners have at some point had a client who happily asserts that someone they know claims 'everything', and then had the unenviable task of putting the increasingly crestfallen client straight.

Nectar points: the best ways to collect and spend them

If you regularly shop at Sainsbury’s, you’ll probably have a Nectar card in your wallet. But are you taking full advantage of it? Nectar is one of the UK’s biggest loyalty schemes, rewarding shoppers with points that they can either spend with other partner brands or redeem to save money at the till. Here Telegraph Money takes a closer look at the ...

‘We demolished our home and then rebuilt it – it was cheaper than renovating’

There was a long shopping list of things that were wrong with Lisa and Jeremy Connick’s house. From its erratic water pressure and ageing wiring, to the outdated layout and low attic ceilings which meant Jeremy was constantly battered and bruised. Rather than live with the property’s shortcomings they decided to act. After considering and rejecting...

How to get your financial affairs in order for family before you die

'Dad's dead - what happens next?' A colleague of mine died last year and that was the title on a folder that he had left for his family, writes Ian Dyall.

Gary Lineker’s side hustle that could become more lucrative than £1,350,000 BBC job

Gary is doing very well for himself.

Metro Bank says it is in talks on potential mortgage portfolio sale

(Reuters) - British lender Metro Bank said on Monday it was in talks about a potential disposal of residential mortgage loans worth billions of pounds. The size of the portfolio, which is yet to be finalised, could be closer to 4 billion pounds ($5.13 billion) than 3 billion pounds, Sky News said, which first reported on the development. ($1 = 0.7803 pounds) (Reporting by Radhika Anilkumar and

The common mistake that can blow a major hole in your pension

Four in five pension savers are accessing their pot early and it’s costing them tens of thousands of pounds, a pension provider has warned. New analysis from Scottish Widows shows that 78pc of people raided their pension before they reached 65, pocketing an average of £47,000 in cash – which experts say puts them at risk of running out of money lat...

The high street brands worth re-selling on Vinted – and the ones to keep in your wardrobe

As another spring wedding season draws to a close, you may be staring into a wardrobe full of worn-just-once dresses. Will you want to wear them again? To keep, or to sell? It’s a dilemma that feels particularly relevant with wedding guest outfits – you’ve worn the same style to a couple of ceremonies, but might buy something different for the next...

Small pot pension rules: what are they and how do they work?

While it used to be common to work for only one or two companies for your entire career, workers today are likely to have moved jobs several times throughout their working lives – which can have a big impact on your pension savings. As a result of switching employers, you could end up with a large number of workplace pension pots – the average by t...

Reeves paves way for tax rises as she orders review of public finances

Rachel Reeves ordered a review by Treasury officials that could pave the way for autumn tax rises as she warned that Britain is facing the worst public finances since the Second World War. The Chancellor has asked civil servants to compile a dossier on the current state of play over the coming weeks, and will present her analysis to MPs before the ...

How much money could installing solar panels save you?

Although there’s a high initial outlay, solar panels can save hundreds of pounds on electricity bills every year, energy experts tell Lisa Salmon.

Will your pension deliver a comfortable old age? Savers are split on whether they'll make it

A third of people set to retire in the next two years are not confident they will be financially secure, according to a study by Barnett Waddingham.

A 9.5% yield but down 14%! Time for me to buy more of this dazzling FTSE 100 gem?

This FTSE 100 investment management firm pays one of the highest yields in the index, has strong growth prospects, and looks very undervalued to me. The post A 9.5% yield but down 14%! Time for me to buy more of this dazzling FTSE 100 gem? appeared first on The Motley Fool UK.

Which shares are Stocks and Shares ISA millionaires holding in 2024?

Being a Stocks and Shares ISA millionaire sure does sound appealing! Mark Hartley explores the shares the UK’s top investors have in their portfolios. The post Which shares are Stocks and Shares ISA millionaires holding in 2024? appeared first on The Motley Fool UK.

Want to Retire Abroad? Five Things to Know About Your Money

To prevent your retirement dream from becoming a nightmare, you should carefully consider the logistical and financial hurdles of retiring outside the U.S.

If I’d put £10k in a FTSE 250 tracker fund 10 years ago, here’s what I’d have now

Investing in a FTSE 250 index tracker fund helps investors grow their wealth on autopilot. But how much money have investors made over the last decade? The post If I’d put £10k in a FTSE 250 tracker fund 10 years ago, here’s what I’d have now appeared first on The Motley Fool UK.

‘I’m 77, living carefully on a state pension – how can I afford to visit friends abroad?’

Nicola Simpson, 77, doesn’t have expensive taste. Since she stopped working three years ago she has relied predominantly on her state pension of £1,056 a month plus a quarterly sum of £450 from St James Place (SJP) where she has £50,000 invested. After buying her flat in 1983 for £23,500, she is now mortgage free and the property is worth around £2...

Women reveal why they chose financial security over love

Women reveal why they chose financial security over love - ‘Don’t ever let a man or anyone limit your freedom,’ one person wrote

4 simple steps to aim for a yearly £50,000 second income

This Fool highlights how investing affordable sums of money regularly into the stock market can result in a sizeable second income down the road. The post 4 simple steps to aim for a yearly £50,000 second income appeared first on The Motley Fool UK.

Why the coins in your pocket make you a Roman

“This is two thousand years old,” my father reminded me as he placed the small silver disc in the palm of my hand. It was still gleaming, cool to the touch, no bigger than a penny. My young mind could not possibly comprehend such an expanse of time. This coin was older than both world wars, older than Shakespeare, and had already existed for a mill...

I collect 50p coins - do I really have one worth £30,000? DAN HATFIELD replies

I've collected 50p coins for quite some time and would love to know the value of what I have accumulated over time.

People with these five PIP conditions could receive £470 every month to help with daily life

People with these five PIP conditions could receive £470 every month to help with daily life - Health issues that qualify include certain mental health conditions and neurological disorders

Interest rates should stay on hold this summer, says Bank of England official

Britain’s jobs market is too strong to start cutting interest rates this summer, according to a top Bank of England official. In a blow to Sir Keir Starmer’s hopes of lower borrowing costs by August, Jonathan Haskel said he remained concerned that the labour market “continues to be tight”, which could fuel stronger pay growth. In the first public c...

'India Superior Over Any Emerging Market': 5 Things To Consider If You Want To Expand Your Business There

Antoine van Agtmael coined the term "emerging markets" four decades ago. At the time, he was working for the International Finance Corporation and needed a term for an investment idea that offered exposure to prominent developing nations. Since then, "emerging markets" has been frequently used to describe diverse economies characterised by dynamism...

Should you offer kids money for good grades? Here's what psychologists think

As exam season approaches, some parents are putting hundreds of pounds aside to reward their children if they achieve certain grades.

Millionaires reveal 8 frugal habits that helped them get rich

Keir Starmer urged to act on water bill rises in England and Wales

Trade unions, celebrities and river activists are calling on the new UK government to halt attempts by the water industry to raise customer bills in England and Wales by up to 91% and immediately start a root-and-branch review of water ownership. The author Michael Rosen and comedians Nish Kumar and Stephen Fry joined campaigners from Greenpeace, Surfers Against Sewage, River Action, the Rivers Trust and activists across the country, in signing...

Apple Pay and NFC could get this major upgrade — but there’s one big problem

NFC payments like Apple Pay are slated to get a big time-saving upgrade — so long as it isn't ruined by spam.

The four things I learned as a first time buyer in Surrey from mortgage applications to choosing solicitors

As a first-time buyer in Surrey, here's everything I learnt

How much is my car tax?

All you need to know about car tax.

Average net worth of Americans by age — see how you compare

Top 6 US industries where you can earn the most money

EuroMillions winner who scooped £1,000,000 is still a midwife 10 years on

She still even lives in the same house she owned before.

How much are student loans, when do you start paying back and what is the interest?

Basically, student finance is a government-financed loan that covers university students' tuition fees and living costs for the duration of their study.

How to care for a Chinese money plant — 8 pro tips to keep them happy and healthy

The experts reveal how to care for a Chinese money plant correctly — including watering requirements and common problems to look out for

Resist the Taboo: Talk to Your Kids About Family Wealth

Family discussions about money are important in educating children about financial concepts and the family’s legacy.

Marston’s shares jump after it books £206m windfall from Carlsberg split to focus ‘entirely on pubs’

Pub group Marston's has sold its stake in Carlsberg for more than £200m as bosses outlined plans to focus "entirely on pubs".

How making tiny modifications to your car can end up costing you thousands

How making tiny modifications to your car can end up costing you thousands - Tempted to tint your car windows? Read this first

Availability of 5% deposit mortgages hits two-year high... but rates are still edging up

The rise in low-deposit could reflect more positive sentiment surrounding the housing market - but the rates on 5% deposit deals have inched up in the past month.

Is it really so bad to want to marry rich?

Is it really so bad to want to marry rich? - IN FOCUS: Calls to find and marry a wealthy 6ft 5in man with a trust fund were everywhere at Glastonbury, harking back to a viral video celebrating this apparent ideal of modern dating. It’s all a bit tongue in cheek, writes Olivia Petter… but does it speak to a wider truth?

Cash for clutter: how to make money from what’s in the attic

One person’s rubbish is another person’s treasure, as they say, so you could make a chunk of cash by selling unwanted items cluttering your attic and cupboards. Coins, retro toys and games, old tech, books and magazines can all be sold, with some items possibly worth a lot more than you may think. Dig out old toys Toys don’t have to be 50 or 100 years old to be worth money. For example, Beanie Babies became a big collectible in the 1990s, and...

The US housing market was a bust this spring. Here’s what that means for summer and fall

The US housing market was a bust this spring. Here’s what that means for summer and fall - The nation’s housing market sales slump is dragging on into its third straight year, as evidenced by another weak spring homebuying season

Superdrug sees profits jump on loyalty card deals and new shop launches

Superdrug sees profits jump on loyalty card deals and new shop launches - The health and beauty chain posted a 43% surge in pre-tax profits to £111.6 million for 2023 as sales jumped by 11.8%

Considering Purchasing and Renting a Property in Italy?

Owning a property in Italy where you can stay when you visit and rent out when you’re not there requires very careful planning.

Windows eases the pain: Is a graphical user interface worth the extra cost? Andrew Brown lays his cards on the table

Windows eases the pain: Is a graphical user interface worth the extra cost? Andrew Brown lays his cards on the table -

Kevin O'Leary Says It Is Possible To Retire With $500K and No Extra Income - Here's How

More people are increasingly paying attention to retirement planning, as older millennials near 45 and GenZ are starting serious financial planning earlier, with some planning to retire by 60. The growing trend of more conscious spending and saving for the future amid looming risks of Social Security benefits reductions within a decade has led to m...

Prize Money Tour de France 2024: Intermarché-Wanty fares the best, Visma 17th out of 22 teams

The first nine days of the Tour de France are over, and that means the A.S.O. typically shares an initial overview of the prize money awarded so far. Notably, the team Intermarché-Wanty is at the top, which is entirely thanks to the success of green jersey holder Biniam Girmay. The team of Aike Visbeek, with the lowest budget of all, has so far brought in €43,880, putting UAE-Team Emirates behind them. dsm-firmenich PostNL is third on the list...