Personal accounting

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Personal insolvencies on the verge of highest level for a decade

Oct 31, 2019

According to official figures, the number of people facing insolvency is set to reach the highest level for almost a decade, following an annual increase of more than 22 per cent in December. The figures showcase the ongoing problem many British ...

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Millions of workers boosting incomes through side businesses

Aug 05, 2019

According to the latest research, millions of British workers are boosting their income through 'side hustles'. The study of adults in full-time employment by Vistaprint found that almost a quarter of respondents had turned a hobby into a side business alongside ...

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HMRC refunds £1.8 million child benefit tax penalties

Jun 10, 2019

HM Revenue and Customs (HMRC) has issued £1.8 million in refunds after reviewing cases where families were hit with penalties for failing to register for a charge relating to their child benefits. Thousands of penalties have been cancelled as a result ...

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Victims of scams to be refunded by banks

May 30, 2019

Thousands of people who fall victim to scams are to receive new protection after a number of the UK’s biggest banks agreed to introduce a new code. The code will give people better protection against authorised push payment scams, where victims ...

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Workers could be missing out by not checking personal tax accounts

May 16, 2019

According to the latest research from the Post Office, just under half (46 per cent) of workers have never checked their personal tax accounts. In 2015, HM Revenue & Customs (HMRC) introduced the Personal Tax Account to try and make it ...

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More millennials saving towards financial future

May 02, 2019

According to research published by digital bank Revolut, a greater number of millennials are taking steps to prepare for their financial futures than previously thought. In the last few years, there have been several studies attempting to highlight a pattern that ...

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HMRC issue reminder over Self-Assessment tax returns

Jan 03, 2019

HM Revenue and Customs (HMRC) have issued a reminder that taxpayers have less than a month left to complete and submit their Self-Assessment tax returns. Ahead of the deadline on 31 January, there are still over 5.5 million returns left to ...

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