Money

In Retirement, Put Your Eggs in These Three Baskets

Dividing your money this way can help ensure you don’t run out during the many years you spend happily retired.

How I’d try and turn an empty ISA into passive income worth £98,150 a year!

Passive income is an investing goal for many of us. Here, Dr James Fox explores turning an empty ISA into a second income stream. The post How I’d try and turn an empty ISA into passive income worth £98,150 a year! appeared first on The Motley Fool UK.

What’s the minimum I need to invest every month to earn a meaningful passive income?

When looking to secure a stream of passive income it's important to be realistic. Our writer investigates a strategy to aim for £1,000 a month. The post What’s the minimum I need to invest every month to earn a meaningful passive income? appeared first on The Motley Fool UK.

Petrol stations ‘rip off’ drivers by £1.6bn with supermarkets worst offenders

Petrol stations have been branded “outrageous” after overcharging motorists by £1.6bn last year. The Competition and Markets Authority (CMA) found that petrol stations’ fuel margins – the difference between what a retailer pays for its fuel and what price it sells it at – remain significantly above pre-pandemic levels. The regulator said the price ...

What next for the Lloyds share price, after a 25% climb in 2024?

First-half results didn't do much to help the Lloyds Bank share price. What might the rest of the year and beyond have in store? The post What next for the Lloyds share price, after a 25% climb in 2024? appeared first on The Motley Fool UK.

Young children are incredibly curious about money and our working lives - we should help feed that curiosity, says LEE BOYCE

'Mr Boyce… how much money do I need to earn to be happy?' That was just one profound question put to me by a Year Six pupil recently.

What would 30% flat rate pension tax relief mean for YOUR retirement fund?

Tom Selby, of AJ Bell, explains whether a shake-up is likely under Labour and how it might affect pension savers.

UK shares: a once-in-a-decade chance to bag sky-high passive income

The FTSE 250 is offering up incredible passive income opportunities right now. Our writer takes a look at one stock carrying a double-digit yield. The post UK shares: a once-in-a-decade chance to bag sky-high passive income appeared first on The Motley Fool UK.

Retirement crisis as mortgage option could see over 500,000 Britons trapped in deals past state pension age

More homeowners are now choosing to lengthen their mortgage terms to reduce their monthly payments, but this can have crippling effects on their retirement. More than half a million retirees across the country have still not paid off their mortgages, according to new research. Over 500,000 older people may still be burdened with paying monthly mort...

With trials pushed back, Trump sees first big dip in legal bills

WASHINGTON (AP) — As former President Donald Trump faces a supercharged Democratic fundraising effort, a persistent drag on his campaign’s coffers may be easing: legal expenses. A new report shows that the Save America political action committee paid about $827,000 in June for Trump's legal bills — the first time a monthly total has dipped below $1 million in two years. The Trump-aligned PAC has shelled out an average of nearly $4 million a...

Trump's Dollar Rhetoric Diminishing, Says HSBC's Maher

HSBC Head of Research in Americas and FX Strategy Daragh Maher says that former US President Donald Trump's dollar rhetoric is diminishing adding that this week witnessed an exaggerated response in the currency market. He spoke with Dani Burger on Bloomberg Brief.

The annual salary you need to earn to be in the top 1% in every US state

Bank of England threatens curbs on use of 'funded reinsurance'

By Huw Jones and Carolyn Cohn LONDON (Reuters) - Britain's insurers could face curbs on how they undertake acquisitions of certain pension schemes unless they manage risks better, the Bank of England said on Friday. Large UK insurers such as Legal & General, Aviva and Phoenix have cashed in on demand for bulk annuities, insurance for defined benefit, or final salary pension schemes. In a fast

Four Ways to Give Money Tax-Free to Your Kids When You Die

If you’d prefer that your estate not pay more taxes than necessary, then these strategies are for you.

‘Why is it so hard to spend a £10 note in central London?’

I have a confession to make. Despite writing regularly about how important cash is for many, I rarely use notes and coins. I’ve become so accustomed to paying by card or my phone app, I don’t even carry “emergency” cash with me. My idea of an emergency backstop is the debit card buried somewhere at the bottom of my bag. I’m certainly not alone in t...

Seven banks share data with UK law enforcement in 'dirty money' crackdown

By Kirstin Ridley and Sinead Cruise LONDON (Reuters) - Barclays, NatWest and Lloyds are among seven banks to share customer data with the National Crime Agency (NCA) in the largest project of its kind worldwide to tackle criminal gangs, money laundering and "dirty money" flowing through the country. Reuters revealed one year ago that more than six banks, including NatWest and Lloyds, were part

Millionaires reveal 8 frugal habits that helped them get rich

Four things you must do before you go on holiday to save money on bills

Energy bills are at their lowest since 2022 - however, they are still much more expensive than they once were - here are just a few things you should check to help save you money before leaving your home for your holiday

I'm a money saving guru... here are FIVE ways to save cash with kids

For parents looking to be thrifty with their money, financial expert Lynn Beattie, otherwise known as Mrs Mummypenny, gave her top tips for cutting your spending over the summer holidays.

The simple ways to save money on airport car parking – and the cheapest places to park

Research carried out by Telegraph Travel has shown airport parking can end up costing you more than your flight. With the cost of leaving your vehicle for a week exceeding £120 at half of the airports we surveyed, it’s important to be sure that you not only get the best price, but make sure your car is left in safe hands. Here are four key points t...

The median wealth per adult in European countries (Spain does not fare badly)

On this map, we can see how much personal wealth the average European adult has. Wealth is shown in US Dollars and includes both financial and non-financial wealth. Non-financial wealth mostly consists of land and real estate. The reason this map shows the median and not the average is that an average is usually skewed by the extremely wealthy. This results is an amount that is far higher than the wealth of most adults. In the case of the...

What business expenses can self-employed people write off against tax? HEATHER ROGERS explains

All tax practitioners have at some point had a client who happily asserts that someone they know claims 'everything', and then had the unenviable task of putting the increasingly crestfallen client straight.

Building materials group SIG weighs cash call after profit warning

A London-listed building products company which was bailed out by investors during the pandemic is weighing a further cash call in the wake of a stinging profit warning.

I'm retiring after 40 years as a fund manager and this is what I've learnt: Richard Buxton on life as a professional investor

Since the early 1980s, Buxton has done his very best to make money for investors at a string of investment houses.

Monzo vs Revolut: what’s the best digital bank?

Using a bank without any branches – and operated solely through a mobile app – would have been considered radical just a few years ago. But now that over-the-counter services are no longer available in huge swathes of Britain, and after the collapse of customer service at many of the established banks, having a current account with Monzo or Revolut...

I'm about to inherit £200,000, what should I do with it?

In a few months I'm due an inheritance of £200,000 from my dad's estate and I have no idea what to do with it.

Starmer accused of U-turning on pledge to scrap his own pension tax perk

Sir Keir Starmer has been accused by the Tories of performing a U-turn on a pledge to scrap a “special tax perk” he enjoyed on his pension. The Prime Minister has his own law, from his time as Director of Public Prosecutions, which exempted him from the £1 million lifetime allowance. He had pledged to repeal the law as part of plans to reinstate th...

Britain sets out next leg of post-Brexit City shake-up

By Huw Jones LONDON (Reuters) -Britain set out on Friday the next leg of its post-Brexit shake up of the City in a bid to attract more investment to a cash-strapped economy by making it cheaper and easier for companies to tap shareholder funds. Britain has already begun easing its financial rules under the "Edinburgh Reforms" to compete better with New York, and with European Union financial

Become a landlord? You’re better off putting your money in the bank

“We’re in Burnley now, a hotspot for investment, with landlords taking home an annual rental yield of 7 per cent.” So opened episode 23 of Homes Under the Hammer, broadcast this week, a BBC show that follows buyers who purchase rundown homes at auction and renovate them, either to flip for a profit, or to rent out. In a testament to Britain’s enduring fascination with property investment, the show is in its 27th series. Once renovated, the...

Money can really buy you happiness, especially if you’re a billionaire

Money can really buy you happiness, especially if you’re a billionaire - Researchers find that a correlation between money and happiness extended to people making at least $500,000 a year

The Power of Merchandise

With great merchandise comes great power - in everything from politics to sprits.

I saved £30,000 in 2 years - all while working a minimum wage job

I set myself a goal of becoming a millionaire in 10 years.

The taxes Rachel Reeves could make you pay to fill Britain’s £19bn black hole

Taxpayers are holding their breath as Rachel Reeves prepares to unveil a £20bn black hole in the public finances. The Chancellor is expected to announce the funding gap in a speech on Monday, blaming pressure on the NHS, prisons and schools. It has fueled fears that a slew of tax rises in the Autumn Statement are on the way, as the Government attem...

Your food is more expensive – is it driven by US corporate profits?

As inflation shot to its peak around mid-2022, Chipotle’s prices also rose, pushing up what customers paid for burritos and bowls by as much as several dollars. Since then, the fast casual restaurant’s costs have broadly fallen. Prices have not. Chipotle’s decision to maintain high prices helped boost profits 110% in recent years, while its executives boasted to investors that they raised prices higher than inflationary costs. Chipotle’s...

UK ticket-holder wins EuroMillions jackpot

A single UK ticket-holder has won the £24m EuroMillions jackpot in Friday's lottery draw.

Foreign investor that loaded Thames Water with debt takes control of UK gas network

The former owner of Thames Water is to take full control of Britain’s gas network in a £700m deal. Australian investment giant Macquarie is to buy the 20pc of Britain’s National Gas that it does not already own, handing it full control of a piece of critical national infrastructure. Macquarie is best known in the UK for buying Thames Water in 2006 ...

How to buy the freehold of a leasehold – and how much it costs

Even if you’ve bought your property and have become its legal owner, you might only own the bricks and mortar, not the land it’s built on. Most flats in England and Wales are sold on this leasehold basis, but until a change of rules in 2019, many new build houses were sold in this way too. For some homeowners, the arrangement isn’t ideal – you don’...

From joint accounts to wealthier friends – why is money so hard to talk about?

The one item you will never see in a currency exchange table is what money so often stands in for. It can take the place of things like love, thought, safety, attention or fairness. And the inverse is also true; you often don’t need to spend a lot of money to make someone feel loved, or cared for. Ask any parent who has been the recipient of a homemade birthday card or present. When I speak to divorce lawyers and mediators, they say that money...

‘Deadpool & Wolverine’ is already breaking box office records, with more possible soon

‘Deadpool & Wolverine’ is already breaking box office records, with more possible soon - “Deadpool & Wolverine” has gotten off to a supercharged start at the box office, breaking the Thursday preview record for an R-rated movie

The cost of later life care and how to fund it

Social care costs are rising – here is how much you could end up paying

Regulator sets out new rules to boost UK capital markets

The UK’s financial regulator has proposed new rules aimed at making it cheaper and easier for companies to raise money, the latest in an ongoing programme of reform intended to boost Britain’s capital markets. The proposals announced on Friday by the Financial Conduct Authority included lifting the threshold at which companies need to issue prospectuses for secondary fundraisings from 20 per cent of their issued share capital to 75 per cent....

How much are student loans, when do you start paying back and what is the interest?

Basically, student finance is a government-financed loan that covers university students' tuition fees and living costs for the duration of their study.

Cash stuffing: how this viral budgeting method works

If you have been anywhere near social media sites like TikTok or Instagram (and even if you haven’t), you may well have heard of a budgeting technique called “cash stuffing”. With the past few years categorised by a cost of living crisis and squeezed salaries, it is no surprise that people across the country are keen to find ways to save money. One...

LVMH's luxury wares earn top billing at Olympics opening

PARIS (Reuters) - Bernard Arnault, France's wealthiest man and chief executive of luxury group LVMH, paid some 150 million euros ($163 million) to be the premium sponsor of the Paris Olympics'. At the Games' opening ceremony, his wares were placed front and centre of an extravaganza viewed by a global audience. Grammy-winner Lady Gaga delivered an energetic performance of Renee 'Zizi' Jeanmaire's

You'll soon be able to buy restaurant reservations in London — but at what cost?

You'll soon be able to buy restaurant reservations in London — but at what cost? - A new app could get you a table at a fully booked spot, says Joanna Taylor

Pensioners face shock tax bills within weeks

Some 140,000 pensioners will be hit with tax bills in the next six weeks as a stealth raid on retirement incomes bites. HM Revenue & Customs (HMRC) is issuing issue tax demands to pensioners whose income exceeds the £12,570 personal allowance threshold which has been frozen until 2027-28. It will be the first time these pensioners have received a t...

When will you retire? The dream age is 62 - but reality is grim for many savers

An additional 1.2million adults are now NOT on track for even a basic standard of living in retirement compared with last year, according to the Scottish Widows study.

Investors warm to UK equities in ‘turning of tide’ for unloved market

Big investors are positioning themselves for “a turning of the tide” for London’s unloved stock market, hoping that an improving economy, lower interest rates and political stability will finally boost cheap British shares. International asset managers including BlackRock and Allianz have joined UK fund houses such as Ruffer and Rathbones in raising their exposure to UK-listed stocks in recent months. After years of disappointing performance...

Train drivers demand pay rise five times higher than inflation to end strikes

Why the coins in your pocket make you a Roman

“This is two thousand years old,” my father reminded me as he placed the small silver disc in the palm of my hand. It was still gleaming, cool to the touch, no bigger than a penny. My young mind could not possibly comprehend such an expanse of time. This coin was older than both world wars, older than Shakespeare, and had already existed for a mill...