Category: UK Finance

CashNews.co This pristine five-bedroom house near Preston has dropped in price by nearly £90,000. There’s nothing like a bargain — especially when shopping for property. Whether you’re after a first home, a buy-to-let or simply fancy a project, you could make substantial savings by taking on somewhere with a sitting tenant, short lease or requiring […]

CashNews.co A finance guru has issued a stark warning to those celebrating hefty tax returns, cautioning that they might have missed out on “free money” amid the latest viral craze. The TikTok sphere has been abuzz in recent months with young workers flaunting their first-ever tax refunds, many feeling as though they’ve hit a jackpot […]

CashNews.co Hundreds of thousands of pensioners will be dragged into paying income tax next year as the state pension increases. Some 340,000 pensioners will cross the personal allowance threshold of £12,570 next year and start paying tax on their income, according to figures from former pensions minister Steve Webb. The earnings figure that is used […]

CashNews.co The Pensions Policy Institute (PPI) has warned that while the UK’s ambitious plan for more private equity investment can be achieved, current policy initiatives could lead to some unintended consequences. The PPI’s latest report – Pension scheme assets: how they are invested and how and why they change over time — noted that the amount of […]

CashNews.co The announcement of a 4% increase in the state pension brought relief to many, but half a million pensioners already know they won’t benefit from this rise. The triple lock mechanism, introduced by the coalition government in 2011, was designed to protect pensioners from inflation by guaranteeing an annual state pension increase based on […]

CashNews.co Ghanaian students planning to study in the UK will be subject to increased financial requirements from January 2025 International students aiming to study in schools in London will need to savings of £1,483 per month The previous requirements were £1,334 per month for London-based students and £1,023 for students elsewhere in the UK Ghanaian […]

CashNews.co By Carolyn Cohn and Nell Mackenzie LONDON (Reuters) – Canadian pension scheme HOOPP is betting on increased investment in UK and European property, infrastructure and private equity to lift its longer-term returns after a sub-benchmark performance in 2023, its chief investment officer told Reuters. Healthcare of Ontario Pension Plan (HOOPP) has $113 billion under […]

CashNews.co Stormont’s leaders have insisted their call for a “fairer” model for Northern Ireland is not a case of reaching out a “begging bowl” to the Treasury. First Minister Michelle O’Neill, deputy First Minister Emma Little Pengelly and Finance Minister Caoimhe Archibald were in London on Thursday for a meeting with Chancellor Rachel Reeves to […]

CashNews.co UK house prices picked up in August, according to an industry survey, which found the number of new properties being listed on the market also rose amid fears of a capital gains tax hike in the upcoming autumn budget. The Royal Institution of Chartered Surveyors (RICS) August residential market survey showed that its net […]

CashNews.co By James Davey LONDON (Reuters) -British retailer the John Lewis Partnership reported a 91% reduction in first-half losses and said it was on track to deliver “significantly higher” full-year profit as its turnaround plan gathers pace. Its department store division in particular has had a difficult few years as it battled first the COVID […]