Jessica Sheldon
34 articles on New Dispatch

Inheritance tax explained as family farms to be dealt 'significant blow'
With Chancellor Rachel Reeves announcing changes to inheritance tax rules, some have been left wondering whether they'll be affected by IHT

DWP unveils three changes to Universal Credit and hires 2,500 'external agents' to spot 'incorrect' claims
The DWP plans to save £9billion by 2028 in a "sustained crackdown" on ineligible benefits claims

first direct offers £175 in free cash and savers can get 'best-buy' seven per cent interest rate too
first direct said the current account switch offer will only last for a limited time only

Sainsbury's plans to cut 1,500 jobs in bid to slash costs: 'Difficult, but necessary'
Sainsbury's said the job cuts are subject to consultation

Cost and reputation are primary drivers in debanking customers, MPs say
Chancellor Jeremy Hunt announced "tougher rules" to stamp out debanking in October last year

Inflation defies forecasts again as rate remains unchanged at 4 per cent
Prices have still risen, but they have increased at the same rate as they did in December 2023

State pension age needs to increase to 71 by 2050 to ‘maintain status quo’, ‘alarming’ new report finds
The state pension age is currently set to rise to 68 from 2044

Unexpected rise in UK inflation rate for first time in months
The UK rate of inflation has been falling since February 2023

Britons fume as they’re forced to pay £5 to get their Christmas cards - 'totally ridiculous'
Royal Mail has been charging four times the price of a first class stamp to release letters sent with “counterfeit” stamps since October 2023

Capital gains tax poses ‘triple threat’ as investors face paying ‘eye-watering’ levels of tax
The capital gains tax allowance will be halved in April

Pensioners warned ‘it’s time to do the £93.60 test’ and check for state pension underpayments
Britons are being encouraged to do a simple check to see if they are getting the right amount of state pension this New Year

Britons rush to increase their state pension entitlement before deadline
People may be able to claim National Insurance credits or make National Insurance contributions to boost their state pension entitlement

Pensioner recalls losing house and ‘life spiralling' after being left relying solely on state pension
Pensioners are being urged to reach out if they are struggling, as they could be missing out on vital financial support

New state pension falls £2,643 short of basic standard of living in retirement
The state pension will rise by 8.5 per cent in April under the triple lock

Scrap triple lock and link state pension to earnings, says IFS
Government spending on the state pension is forecast to soar in coming years

National Insurance rate will be cut next month but there are 8 reasons you could pay more tax in 2024
National Insurance will be cut from January, but frozen income tax and National Insurance thresholds are among many reasons people could end up paying more in tax

‘Miserly’ Christmas Bonus ‘won’t get you very much’ as inflation slashes value of DWP payment
The qualifying week for the Christmas Bonus is typically the first full week of December

Energy bills going up from January: How much it will cost you to use ovens, air fryers and the washing machine
Ofgem has confirmed the energy price cap will increase by five per cent from January

Low earners to pay £401 more tax next year despite National Insurance rate cuts
Chancellor Jeremy Hunt announced National Insurance rate cuts in the Autumn Statement yesterday

Energy bills to rise in January - Ofgem energy price cap to increase by £94 to £1,928 a year
Energy bills are set to rise for millions of households in January

Jeremy Hunt to cut National Insurance rate in boost for 27 million workers
The Chancellor Jeremy Hunt has announced a cut to the National Insurance rate in his Autumn Statement today

Married couples may be able to reduce tax bill by £252 – how to check if you can save money
Couples must be married or in a civil partnership to benefit from the income tax relief

400,000 pensioners urged to set aside part of state pension for HMRC tax demands
The state pension looks set to increase by 8.5 per cent under the triple lock mechanism, after a 10.1 per cent rise earlier this year

Netflix hikes prices on various subscription options in UK
Netflix said it has added 8.8 million subscribers between July and September, partly driven by its efforts to crack down on password sharing

Income tax allowance freeze is costing workers thousands as Treasury to rake in £52billion
The personal allowance and basic rate income tax band would likely have increased by 6.7 per cent next year, had the thresholds not been frozen

Pensioners set to get up to £900 a year boost under triple lock as inflation sticks at 6.7 per cent
Pensioners got a 10.1 per cent state pension increase in April 2023, which was in line with inflation

Final figure for state pension triple lock will be released this week
Another significant increase is expected in April 2024 after a double-digit rise of 10.1 per cent under the state pension triple lock in 2023

-State pension triple lock ‘was never intended to last forever' – Rishi Sunak urged to set out new plan
The state pension looks set to rise by at least 8.5 per cent in April 2024 under the current triple lock mechanism

State pension to reach £11,501 next year - pensioners to see at least 8.5% rise under triple lock
Another bumper state pension rise is expected in April 2024 after the state pension increased by 10.1 per cent this year

Mortgage borrowers may be able to save thousands of pounds with overpayments
Mortgage overpayments could shorten a mortgage term and mean a borrower is able to save a substantial sum - but it's not right for everyone

UK house prices fall again but market ‘shows resilience’
The housing market is displaying some resilience with industry data showing increased activity, according to experts.

Hundreds of thousands of pensioners could get up to £3,500 boost
Nearly 1.4 million pensioners across Britain claim Pension Credit but many are still missing out.

State pension age is rising and the way it increases has changed
State pension age changes mean Britons are having to wait longer before they can claim the payment from the Department for Work and Pensions (DWP).

UK house prices fall at fastest rate in 14 years
House prices have come under more and more pressure as mortgage costs have increased following the Bank of England base rate rises.