Money Moves

The UK government has announced a new measure impacting pension savers, set to take effect in 2029. This measure imposes a cap of £2,000 annually on the amount that can be set aside in pensions without incurring National Insurance (NI) contributions through a method known as salary sacrifice. Currently, salary sacrifice allows employees to agree […]

The recent budget announcement by Chancellor Rachel Reeves was marked by an unusual incident: the Office for Budget Responsibility (OBR) inadvertently released its findings prior to the formal presentation. This event is noted as unprecedented, but more significantly, the government’s financial outlook appears to be better than previously anticipated. While there is an expectation that

Charnjit Saranna, the founder of the electric car leasing firm EZOO, expressed concerns regarding a newly announced road charge for electric vehicle (EV) owners. Starting in April 2028, drivers of electric cars will be subject to a charge of 3 pence per mile, while plug-in hybrid drivers will pay 1.5 pence per mile, with rates

The recent Budget announcement by Chancellor Rachel Reeves included a significant change regarding the removal of the two-child benefit limit. This alteration will allow families with three or more children to receive increased support through universal credit and tax credits. Lucy Burns, a mother from Eastbourne, expressed that the extra financial assistance would help her

The UK’s economy is expected to exhibit slower growth than previously anticipated starting next year, according to the latest predictions from the Office for Budget Responsibility (OBR). While the OBR has adjusted its growth estimates upward for the current year, projecting a 1.5% expansion as opposed to the earlier forecast of 1%, it has lowered

Owners of properties in England valued at over £2 million will be subject to a new annual surcharge starting in 2028, commonly referred to as a mansion tax. This fee, set to begin at a minimum of £2,500, will be in addition to existing council tax and will vary based on property value, with four

The recent Budget did not introduce a rise in income tax rates, but it may still result in increased tax bills for many taxpayers before the end of the parliamentary term. The Chancellor has decided to freeze tax thresholds for an additional three years. These thresholds determine when individuals begin to pay tax and when

Camilla Smythe from the Cyber Defence Alliance has shared several important tips for safe online shopping. As e-commerce continues to grow, ensuring personal security while making purchases is increasingly relevant. Smythe emphasizes the importance of selecting reputable websites. Consumers should look for signs of legitimacy, such as secure URLs that begin with “https” and visible

Chancellor Rachel Reeves has announced key measures related to the upcoming Budget, with some details released prior to the official announcement by the governmental forecaster. One significant aspect of the Budget is the decision to freeze income tax thresholds until 2031, which is three years longer than initially planned. This means that individuals may find

The Office for Budget Responsibility (OBR) prematurely published its forecast for public finances shortly before the Chancellor was scheduled to present her Budget in the House of Commons. This early release raised questions about the implications for the UK’s financial situation. In a live broadcast, BBC political editor Chris Mason and economics editor Faisal Islam