Personal Finance

Tips for boosting your superannuation

 Tips for boosting your superannuation

Superannuation is considered one of the best ways to combat inflation impact It’s a long-term investing strategy, and one cannot use their invested funds till aged 55 The contribution made are Tax deductible

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Why Christmas won’t be the same this year?

Why Christmas won’t be the same this year?

Highlights The Boris Johnson government has already reintroduced the new Covid measures and announced a plan B measure. The government is hopeful that people will be able to enjoy Christmas this year and currently there are no plan for ...

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How credit card rates have changed over the years

How credit card rates have changed over the years

Highlights The Bank of England has recently announced rise in the average annual interest rates on credit cards to 21.49%, as compared with the base rate of 0.1%. The October data shows that the ARP rate stood at 26.4% highest since it ...

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Is investing a better option than shopping on Black Friday?

Is investing a better option than shopping on Black Friday?

Highlights Black Friday is a day just after the US Thanksgiving holiday, when businesses offer great deal and discounts on the sale. It is considered to be a huge opportunity for marketers to attract customer attention, enhance sale an ...

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Is UK pension system flawed?

Is UK pension system flawed?

Highlights The UK’s state pension system has been declared as the world’s third worst, offering only 28.5% of pre-retirement earning. The UK government has decided to replace triple lock pension with double lock for a year. ...

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How ‘Buy Now Pay Later’ schemes can create serious debt issues

How ‘Buy Now Pay Later’ schemes can create serious debt issues

When it comes to the festive season, most companies and retailers opt various ways to lure people to spend, spend, spend. But many experts have said that schemes like ‘Shop now, pay later' can create a huge mess of personal debt as ma ...

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Why are bank frauds rising in the UK?

Why are bank frauds rising in the UK?

Fraud in the UK has risen to an alarming level that it has become a national issue especially during the pandemic times. According to the Financial Ombudsman service, complaints about the Authorised Push Payment (APP) scams has steadily ros ...

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How do Britons pay their taxes?

How do Britons pay their taxes?

Highlights  Only 48% of Britons said they have total knowledge about how much tax they pay. Rest are still clueless about basic tax breakup. The Basic tax includes Income Tax, Inheritance tax, Capital Gains Tax, Corporate tax, Valu ...

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Why fixed-rate savings accounts are soaring

Why fixed-rate savings accounts are soaring

Highlights The demand for the fixed rate products has almost doubled in six months, as Savers are chasing for a decent return on their investments after a pandemic-led in money heading into easy-access. According to research by Paragon ...

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How GenZ is investing in stocks, cryptos

How GenZ is investing in stocks, cryptos

Highlights Around 16% of British Gen-Zers started investing for the first time during the pandemic as per a Halifax survey conducted earlier this year. The main reason that a lot of Gen-Zers have entered the equity markets recently is t ...

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What are the hurdles in buying an electric car now?

What are the hurdles in buying an electric car now?

Highlights A group of 24 countries and leading car manufacturers have committed to phase out fossil-fuel vehicles by 2040 in a bid to cut carbon emissions. The three leading car manufacturer, Volkswagen AG, BMW and Toyota Motors Corp an ...

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