Personal Finance

Why are bank frauds rising in the UK?

 Why are bank frauds rising in the UK?

Highlights  Complaints about payment scams have steadily risen by 30% in the second quarter of this financial year. Recently, the Payment Systems Regulator (PSR) announced that the UK Treasury will introduce new laws to provide the mandato...

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Why UK students at a risk of tax scams

Why UK students at a risk of tax scams

Highlights  Students taking part-time jobs are more vulnerable to scams due to less interaction with HMRC. Around a million people reported scams to HMRC last year. Over 5,000 phone scams have been reported by students in the 18-24 a...

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What are Bitcoin debit cards and where all you can use it?

What are Bitcoin debit cards and where all you can use it?

Highlights  Bitcoin debit cards are prepaid debit cards that allow user to top-up their card with bitcoins, which are then converted into fiat currencies to make purchase easier. There are mainly two types of Bitcoin debit cards: Plastic D...

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Credit Card Myths You Should Know About

Credit Card Myths You Should Know About

Summary  Credit cards can help you manage your cash flow, build your credit rating so you can qualify for other financial products. There are over 62.8 million credit cards issued across the UK. The credit card allows a card holder to spe...

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How to de-risk your pension savings?

How to de-risk your pension savings?

Maintaining a comfortable lifestyle with the same standard of living after retirement is among the most important financial goals of people. Pension schemes are the best long-term investments to secure your future and have a comfortable life post-r...

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What is the over 80s Pension?

What is the over 80s Pension?

Summary  Everyone over 80 of age in the UK is entitled to pension of £4,000 a year. Over 100,000 retirees in this bracket have not claimed state pension payment yet, as per some reports. The pension is taxable and may affect your ov...

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What is Couch to Financial Fitness programme all about?

What is Couch to Financial Fitness programme all about?

Summary  Launched by MoneyHelper, Couch to Financial Fitness is an online programme to help people deal with the financial impact of the Covid-19 pandemic. The new programme is based on a similar platform called Couch to 5K, which aims at ...

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Roth IRA: Is it the best way to invest money for your retirement years?

Roth IRA: Is it the best way to invest money for your retirement years?

A Roth IRA is an individual retirement account to which you can contribute after-tax dollars and that can provide you with tax-free income and growth in retirement, while there are no current-year tax benefits. You can also withdraw the amount tax-...

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How to invest in dividend stocks in UK

How to invest in dividend stocks in UK

Summary  Investing in dividend stocks is a great way to generate a stream of stable income. Although higher dividend yield is considered favourable, dividend yield traps must be avoided. Dividend income may also get taxed. Dividend s...

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5 Tips To Conquer Your Investing Fear

5 Tips To Conquer Your Investing Fear

Investment and saving are often used interchangeably, but they have a different meaning. Saving is the amount you put away as your reserves, and investment is about earnings on your savings. Investing is a complex process, which has diverse avenues ...

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Should You Take A Personal Loan To Invest In Stock Market?

Should You Take A Personal Loan To Invest In Stock Market?

Summary Personal loan can be easily obtained these days and can be used to purchase stock. Before investing in shares, you need to evaluate the performance of the stocks. Interest rates are usually high but look for all options available in th...

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