Money

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.

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

Top 6 US industries where you can earn the most money

The economic difference between owning and renting a home

The chief executive of Worldwide Financial Planning compares average rents, repairs and mortgages

Hermes delivers a masterclass in dressing for a ‘rich man summer’

What defines “rich” dressing today? There are several camps; firstly, wealth denoted by Mall of the Emirates-style label mania, or the “soft luxury” approach – all tactile cashmeres and delicious cafe-au-lait tones, as defined by the characters in Succession. This, it should be noted, is entirely separate from “old money” style, but it’s notable th...

7 dazzling gold and silver treasures

Here are 10 stunning gold and silver treasures, dating from millennia to centuries ago

Profit drops at Marks Electrical amid ‘fiercely competitive’ backdrop but signs things are picking up

The online electrical retailer reported that it was struggling with "downward margin pressure" as a result of consumers trading-down.

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...

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 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.

The Tory record on welfare: PIP changes, child poverty and pensioner protection

How 14 years of Tory welfare reform helped pensioners but saw child poverty increase

The median wealth per adult in European countries (Spain does not fare badly)

On this map, we can see how much personal wealth the average European adult has. Wealth is shown in US Dollars and includes both financial and non-financial wealth. Non-financial wealth mostly consists of land and real estate. The reason this map shows the median and not the average is that an average is usually skewed by the extremely wealthy. This results is an amount that is far higher than the wealth of most adults. In the case of the...

Factbox-Sterling's importance to global currency markets

LONDON (Reuters) - Sterling has faced its share of trials and tribulations in recent decades but remains a widely used currency, and, this year, it has held up better against the dollar than peers. Here are some facts about the British currency: 1/ PERFORMANCE THIS YEAR The pound is trading around $1.27, up 23% from 2022's record low. It is down a fraction against the dollar this year, but

Bankers who helped Putin's friend move millions via Swiss bank accounts lose appeal

By John Revill ZURICH (Reuters) -Four bankers who helped a friend of Russian President Vladimir Putin move millions of francs through Swiss bank accounts have lost their attempt to overturn convictions for failing to perform due diligence in financial transactions. Zurich High Court on Tuesday upheld an earlier judgement against the men who assisted Sergey Roldugin, a concert violist who has

Rising used car prices ‘have been barrier to people entering insolvency’

Rising used car prices ‘have been barrier to people entering insolvency’ - Changes have been made to debt relief order criteria this week.

Archaeologists hunting £15billion treasure find axe - first evidence it exists

Amateur archaeologists hunting an undiscovered treasure trove said to be worth £15billion say they have discovered the first evidence it exists - an ancient axe. The discovery of a 10th century weapon is said to "very strongly support" the possibility that the fabled 'Lemminkäinen Temple', and the priceless hoard it is thought to contain, is real.

Martin Lewis shares stark warning for all Barclays customers

‘I earn £500 a month, and my parents feed me every day – this is how I spend my money’

Email [email protected] if you would like to take part in How I Spend My Money. All our subjects are genuine but anonymous. As a 17-year-old college student earning around £500 per month from my part-time job, trying to manage my finances can be a challenge. One of the struggles is how little time you actually have to make money when most days ...

I'm 44 and want to retire in 10 years - can my £180k savings get me there?

I want to stop working full-time in a decade when I reach 54 and need to make the next ten years really count financially. Can I get where I need to be?

Why some inheritance regimes are more unequal than others

Wealth is a big deal: household wealth in Britain has surged in recent decades to over £15tn. And it’s unequal, with wealth inequality twice as high as income inequality. This matters. What wealth you can inherit, rather than what you earn, increasingly decides who owns a house and who can retire before their late 60s. Almost half of twentysomething first-time buyers receive financial support, largely from parents, averaging £25,000. History...

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.

Four Ways to Give Money Tax-Free to Your Kids When You Die

If you’d prefer that your estate not pay more taxes than necessary, then these strategies are for you.

£20,000 in savings? Here’s how I’d use it to target £880 of passive income each month

I wrote all the ways I could think of to earn passive income on pieces of paper. And then I threw them all away, except for this one. The post £20,000 in savings? Here’s how I’d use it to target £880 of passive income each month appeared first on The Motley Fool UK.

Why are voters choosing Reform UK?

Exclusive analysis reveals that Reform UK's flagship tax policy overwhelmingly benefits the richest households.

Three big banks slash mortgage rates ahead of election

Three of the UK’s biggest lenders have cut their fixed mortgage rates in the past week in anticipation of interest rate cuts after the election. HSBC has followed Barclays and NatWest to become the latest lender to bring down home loan costs, and more are expected to follow. The bank will cut rates across its residential and buy-to-let loans from W...

Mary Earps to leave Man Utd and become highest-paid women's goalkeeper in the world

The England star is set for a huge move abroad.

Zurich Insurance buys AIG travel business in $600 million deal

By John Revill ZURICH (Reuters) -Zurich Insurance on Wednesday announced a $600 million deal to buy AIG's global personal travel insurance and assistance business. The business will be combined with Zurich's travel insurance provider Cover-More Group (Cover-More) and will expand its footprint in the United States, Zurich said. The acquisition, which is expected to close before the end of 2024,

Best mattresses of 2024 reviewed: Memory foam, pocket spring and hybrid options

Best mattresses of 2024 reviewed: Memory foam, pocket spring and hybrid options - How to buy a mattress online and the top models on the market now, from pocket sprung, and memory foam to hybrid beds

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

Why Britain’s returns culture is out of control

Lynne, 65, places a clothing order on the Marks & Spencer website around every 12 weeks. She buys, on average, four items and returns two. Kate, 40, might order one style from Net-A-Porter, in two sizes, returning the one that doesn’t fit. Aimee, 33, orders 10 options from ASOS and keeps two. Georgina, 26, places an order with Shein every month, re...

Sunscreen prices up by 30% as experts warn low-income families at risk

Research shows sunscreen prices have soared over the past two years - putting Britons at increased risk of cancer, experts warn

How to care for a money tree — 7 tips for thriving indoor plants

The experts share top advice on how to care for a money tree, including practical tips for watering, soil type, and pest control

How much is my car tax?

All you need to know about car tax.

Global wealth tax on ultra-rich ‘would raise up to $250bn a year’

A global wealth tax on billionaires would raise as much as $250bn (£200bn) annually, according to a report by a Left-wing French economist for the G20. Around 3,000 people would be liable to pay an annual charge amounting to 2pc of their worldwide assets, said Gabriel Zucman, a French economics professor. For someone with wealth of $1bn, that would...

Ozempic maker Novo Nordisk invests $4bn to meet US ‘skinny jab’ demand

Novo Nordisk is to invest more than $4bn (£3.2bn) in US manufacturing as it battles to keep up with booming demand for its obesity and diabetes drugs Wegovy and Ozempic. Denmark’s biggest pharmaceuticals company said it would spend $4.1bn building a second filling and finishing facility in Clayton, North Carolina, one of the biggest manufacturing investments in its history. Its drugs are injected by users once a week, and come in pre-filled...

I saved £30,000 in 2 years - all while working a minimum wage job

I set myself a goal of becoming a millionaire in 10 years.

If I take 25% tax-free cash from my pensions - can I then pay more into them? Steve Webb replies

I want to leave the rest invested without taking any money for a number of years and continue to contribute. Are there any restrictions on doing this I should know about?

Six surprising issues that may affect your mortgage application

From gambling to social media, your lifestyle and spending habits could worry mortgage lenders

Key things parents should consider before giving financial help to their adult children

Key things parents should consider before giving financial help to their adult children - Thinking about giving your adult children some financial help? Here are some need-to-knows to consider first…

Inflation rises to 4% stoking concern interest rates could increase again

Australia’s monthly inflation rate increased to its highest level in 2024 in the latest indication that the Reserve Bank won’t be cutting interest rates soon and might yet hike again. Consumer prices rose 4% last month from a year earlier, the Australian Bureau of Statistics said on Wednesday. That compared with the 3.6% pace recorded for April, and the 3.8% rate expected for May by economists. The jump in May’s inflation was propelled in part...

AO World sets sights on sales growth after annual profits jump

AO World sets sights on sales growth after annual profits jump - The online electricals retailer reported a 186% surge in underlying pre-tax profits to £34.3 million for the year to March 31.

How accident in cafe and £400 turned into a genius business idea that's about to go global

Just 18% of companies in the UK are led by women, and while data suggests female entrepreneurs are on the rise, men still receive more funding and are entrusted with higher average loans to get them started.

Takeda To Keep Pushing for China Biotech Partnership

Takeda Pharmaceutical will continue efforts to forge partnerships with Chinese biotech companies even with some tensions between US and China. Speaking exclusively to Bloomberg, CEO Christophe Weber said the recent US Congress effort to limit Chinese biotech's access to American market would have limited impact on Takeda's business with China.

Why are Nvidia shares crashing? And what happens next?

Nvidia shares are officially in correction territory! Royston Wild explores whether now could be a good time for dip buyers to snap up the AI stock. The post Why are Nvidia shares crashing? And what happens next? appeared first on The Motley Fool UK.

Here’s how much passive income I’d get if I invested my entire £20k ISA into Tesco shares

Tesco shares look like a great pick for a second income. But would our writer feel comfortable investing all his ISA money in the FTSE 100 giant? The post Here’s how much passive income I’d get if I invested my entire £20k ISA into Tesco shares appeared first on The Motley Fool UK.

TV property expert Kunle Barker on how to transform your home cheaply and easily

TV property expert Kunle Barker on how to transform your home cheaply and easily - The property expert and TV presenter tells Lisa Salmon how to create the house of your dreams without spending a nightmare amount of money.

England's biggest winemaker puts itself up for sale: Chapel Down seeks funds to fuel expansion

Chapel Down has been listed since 2003 but joined AIM in December in what chief exec Andrew Carter (pictured) said was part of the company's 'evolution'.

What is stamp duty and when do you have to pay for it?

Buying a home unfortunately means coming face to face with stamp duty, one of Britain’s most hated taxes. Having paid out for a deposit, professional fees, estate agent fees and moving costs, this tax charge is an unwelcome cherry on the cake. A recent exclusive poll for The Telegraph found that nearly a fifth of voters think it is one of the most ...

Price well and check fees: 10 expert tips on selling clothes online

1. Find your demographic The competition is stiff, so finding the right place to sell your clothes will give you the best chance of getting them in front of people who might want to buy them. “Depop tends to appeal more to gen Z, so it doesn’t really suit the pieces I’m selling, while Vinted has a wide range of buyers of all ages,” says Becky Barnes, a sustainable stylist. “One of my most successful places for selling shoes and clothes is the...

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