Finance News

Couple win refund after fight over ‘unfair’ boiler servicing charges | The Crusader | Finance

GETTY – STOCK Couple win refund after fight over ‘unfair’ boiler servicing charges  Homeowner John Pilkington went from being satisfied with his agreement with 24/7 Home Rescue, that appeared to be comprehensive and with no excess, to being baffled as to why when a repair was needed he was asked …

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Best UK pension revealed: How to boost savings income with 3 factors | Personal Finance | Finance

Retiree wealth has jumped over the last 40 years, and disposable income is now at a record high of £22,000 on average, according to the Office for National Statistics (ONS). But many pensioners have disposable income that is thousands of pounds higher than working households. The richest retirees are likely …

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Stamp Duty: Excluding downsizing pensioners from would RAISE £186M, Chancellor told | Personal Finance | Finance

More than one million older people could downsize if there was no levy, found YouGov research for homebuilder McCarthy & Stone. Dubbed a tax on moving, stamp duty is contributing to the housing crisis. Supply is now at record low levels, raising house prices and pushing ownership out of reach …

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HMRC late tax return: Taxman wrongly chase one million people for late filing penalties | Personal Finance | Finance

HMRC said 963,000 taxpayers were placed in the self-assessment (SA) tax system, yet none of them had filed SA tax returns for three years.   Late tax returns are immediately slapped with a charge of £100 if filed after January 31, meaning those affected were chased for late filing penalties …

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Here’s how savers can pass £1 million on and bypass inheritance tax | Personal Finance | Finance

The growing trend among savers means that many parents are opting to move money from final salary schemes to pensions that can be passed onto their offspring with little tax being deducted. Financial advisers suggest that this section of the industry, dubbed “defined benefit pensions” is now worth £50billion. Savers …

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