5 Pension Tax-Free Cash Misconceptions You Must Know
Avoid costly mistakes with your pension's tax-free cash. We debunk five common myths about the 25% tax-free lump sum, from withdrawal limits to future contributions.
Category : Finance
HMRC Personal Allowance: £22 State Pension Leaves Little Room
Learn four strategies to minimise tax on pension withdrawals, including using your partner's allowance and ISAs, as the State Pension leaves only £22 of tax-free income.
HMRC inheritance tax fines hit 5,200 bereaved families
HMRC has issued 5,200 inheritance tax fines totalling £3.1m to bereaved families, with penalties rising by a third. Experts warn of more complexity from April.
State pensioners under 78 get £1,930.40 June boost
Younger state pensioners under 78 with Tuesday NI numbers receive two DWP payments in June totalling up to £1,930.40. Full details on eligibility and tax.
Nationwide Confirms June Dates for £100 Payments
Nationwide Building Society has confirmed key dates for its £100 Fairer Share payment, with eligible members receiving the bonus between June 10 and June 30, 2026.
NS&I Clarifies Premium Bonds Rule Changes Ahead of July Draw
NS&I explains the rule allowing savers to cash in specific £1 Premium Bonds, as key changes to prize rates and odds take effect from July.
Royal Navy veteran told to repay £18k pension overpayment
Thomas Meadows, 73, must repay £18,200 after a pension overpayment error. Hundreds of veterans face similar demands. The MoD says recovery is 'sensitive and proportionate'.
Nationwide £100 Bonus: Key Dates and Eligibility Check
Nationwide confirms £100 Fairer Share bonus payments from June 10-30. Learn how to check eligibility and what accounts qualify.
Liverpool Transfer Round-Up: Jones, Nunez, Origi
Inter Milan chase Curtis Jones, Nunez eyes Liverpool return, Gakpo swap rumours, Origi retires. Latest Liverpool transfer news in one bite-sized round-up.
HMRC Tax Allowance Alert: State Pension Leaves Just £22
An expert warns that the State Pension nearly uses up the personal allowance, leaving only £22 tax-free. Four key tips to minimize pension tax burden.
HMRC Inheritance Tax Penalties Surge to £3,000
HMRC inheritance tax penalties have surged by a third, with 5,200 estates fined £3.1m. Fines start at £100 and can reach £3,000. Experts warn of more penalties from April.
10,000 Avios Points for New JP Morgan Investors
JP Morgan Personal Investing offers 10,000 Avios points to new UK customers who invest £500 by July 31, 2026. Points awarded after holding period.
World Cup Refs Deserve Every Penny They Earn
FIFA pays top referees up to $100,000 at the World Cup. With increased pressure and VAR, they deserve every penny. Players earn millions, so why not refs?
Labour Urges Farage to End Silence Over £5m Crypto Gift
Labour writes to Nigel Farage demanding a clear account of a £5m gift from a crypto billionaire, amid scrutiny over property spending and a planning application for a luxury Kent home.
Financial Planning for a Parent's Death: Key Steps Beyond a Will
Financial planner Beth Pinsker shares essential documents and conversations to prepare for a parent's death, based on her own experience and her book My Mother's Money.
Venmo Outage: 92 Million Users Hit by Payment Problems
Venmo users across the US faced major disruptions sending and receiving money on Wednesday evening. The payment app, with 92 million active users, confirmed it is working on a fix. Read the latest updates.
Retirement Planning Shocks: Early Exit and Long-Term Care Costs
Morningstar research reveals how unanticipated early retirement and long-term care expenses threaten retirement portfolios, impacting withdrawal rates and financial security.
Premium Bonds Changes Hit State Pensioners with 'Effectively Reduced' Returns
NS&I has lowered Premium Bonds prize rates and odds, prompting state pensioners to reconsider savings as tax advantages diminish for lower-income retirees.
NS&I Relaunches Green Savings Bonds with Enhanced Interest Rate
NS&I has reintroduced its Green Savings Bonds, offering a fixed rate of 3.82% AER over three years to fund UK green projects, including nuclear energy.
Single Mum Clears £16,000 Debt in 2 Years with 8 Simple Money Tips
Single mother Jackie Annett reveals how she cleared £16,000 of debt in just two years by following eight practical strategies. Her story offers hope and actionable advice for anyone struggling with finances.
Martin Lewis Warns Savers of £20,000 Tax Threshold in Budget
Martin Lewis explains how the new 2% savings tax hike from 2027 will impact savers with £20,000. Learn the thresholds and how to protect your money.
Martin Lewis Urges Brits to Update Pension Beneficiary Nominations
Money saving expert Martin Lewis warns that failing to update pension beneficiary nominations could result in funds going to an ex-partner, as pensions are separate from wills.
Martin Lewis Confirms Legal ISA Loophole to Boost Allowance by 45%
Money expert Martin Lewis has verified a clever legal trick allowing individuals to deposit up to £29,000 in ISAs in a single tax year, significantly increasing their tax-free savings limit.
Martin Lewis Busts ISA Tax Myth: How to Shield £40,000+ Tax-Free
Money expert Martin Lewis explains the annual ISA allowance and dispels a common transfer myth. Learn how to protect your savings and navigate upcoming rule changes from April 2027.
Retirement Experts Explain How IRAs and 401(k)s Work: Key Differences
Retirement experts detail the tax advantages, contribution limits, and employer matching rules for IRAs and 401(k)s, highlighting their power in saving for the future.
HMRC Clarifies Pension Rules: £30,000 Share Transfer Counts Towards £60k Limit
HMRC confirms transferring shares from a SIP to a SIPP uses your £60,000 annual pension allowance. Learn the tax implications and how to plan your contributions effectively.
Future Fund CEO grilled over $20,000 US hotel 'scoping trip'
Future Fund CEO Raphael Arndt faces parliamentary scrutiny over a $20,000 hotel stay during a US trip. Watch the video for the full exchange and details on the fund
Final Call for Full Cash ISA Allowance as New Tax Year Dawns
Savers are urged to act now to maximise their £20,000 cash ISA allowance before it drops to £12,000 in 2027, with experts warning many remain unaware of the changes.
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