😧😳🤧 A couple of years ago I asked the Department for Work and Pensions how many full years I had. They wrote to me and said I had 42. Am I underpaid or is there more to it than my simple maths... Steve Webb investigated and found the DWP had not included the last year of NI contributions, because this had not yet been calculated at state pension age, and it wasn't corrected afterwards. Could you have been affected by this error? Find out how to check, and get in touch.
Pension annuity rates are rising at the fastest rate for 30 years: Should I buy one to fund my retirement or stay invested?
😧😳🤧 Annuity rates are rising at their fastest pace in more than 30 years - so it is understandable that you would ask if they are finally worth considering again. Annuities allow you to exchange a lump sum from your pension pot for a guaranteed income for life. They offer the reassurance that even if you live for several decades after retirement, your income will never dry up. Even so, until recently annuities had fallen out of favour as the annual income they provide had dropped to all-time lows. Now they are on the up again. Average annuity rates have increased by up to 24 per cent in the past year.
Premium Bonds Winners
|Prize||Area||Value of bond|
|£100,000||Highlands and Islands||£45,000|
Woke warriors on Halifax's staff are latest embodiment of that perennial social nuisance, the arrogant banker, says RUTH SUNDERLAND
😧😳🤧 If FTSE chief executives wore badges in solidarity with counter staff at the Halifax, almost all would read he/him. A crashing irony of the row over pronouns at the mortgage lender is that it coincided with a reduction in the already tiny number of women at the head of elite UK companies. When Alison Brittain announced her retirement from Whitbread, their modest ranks - there have never been more than ten in the top 100 - were depleted again. Even the minuscule minority of women who get to the top are subjected to disgusting sexism.
What is a SIPP and do you need one? A guide to self-invested personal pensions and boosting your retirement investing
😧😳🤧 Many pension investors rely on the company scheme supplied by their workplace to help build their retirement savings and this should be a priority in order to receive contributions from your employer. But your boss isn't the only option when it comes to putting money aside for your golden years - and if you are self-employed the onus falls entirely on you. A self-invested personal pension (SIPP) lets you invest money for your retirement and take control of how and where your savings are invested.
Will you pay less tax this month? Millions to see their monthly take-home pay increase in July as the NI threshold change takes effect
😧😳🤧 The changes will see the threshold for NI contributions rise from £9,880 to £12,570, meaning less of people's salaries will be subject to the tax and 2 million people will be exempt from paying all together. However, for many the change only undoes the 1.25% rise in National Insurance introduced in April, which was a one year levy to fund social care in the UK. Anyone earning less than around £35,000 will see their pay packet return to roughly the same level it was before April.
MIDAS SHARE TIPS: Profit from dealer Inchcape whose profits are really motoring ahead even while cars are in short supply
😧😳🤧 Just over two weeks ago, Inchcape released an unexpected trading update. Having told shareholders back in April that profits would be around £300million for 2022, chief executive Duncan Tait said the group was now likely to do considerably better than that. At the beginning of this year, Inchcape shares were £9.40. Today they are £6.91, even after the recent profits upgrade. The slide reflects wider market worries about economic growth. The stock is a buy - and the dividend provides an income kicker too.
Kerb appeal: A good first impression is crucial when selling a house - here's how to spruce up your outside space
😧😳🤧 As anyone who has indulged in the brutal 'swipe left' culture of internet dating will testify, you don't often get a second chance to make a first impression. And the same is true when trying to sell your property. That's why, what lies at the front of your house - be it lawn, gravel or flagstones, can play a major role in making a sale. Here's how to make the most of it.
😧😳🤧 Many motorists will have received a dreaded charge in the post and in some cases, unjustifiably so. If that's you, it's time to fight back. Elsewhere, we talk about Halifax's mortgage move, whether it can pay to fix energy bill, highlight the five FTSE 100 firms with the biggest share price falls this year and how small business owners tackle telling their customers that price rises are afoot.
RAY MASSEY: Peugeot UK managing director Julie David on mission to transform showroom and online experience of customers
😧😳🤧 Upwardly mobile and edging towards premium class, Peugeot's pitting itself against rivals such as Germany's Volkswagen and Korea's Hyundai. But its crop of stylish models on offer, such as the new 408 (pictured) and coming down the line is better than how the public perceives the brand image and experience. And that has to change, she says. When Julie took over 18 months ago, she undertook secret 'mystery shopper' trips to showrooms with her sons.
😧😳🤧 As its name implies, the fund scours the world in search of companies that pay shareholders attractive dividends over the long term. It's an investment approach that was tested during the pandemic in 2020 as many businesses suspended dividend payments - and it is being examined again as the world economy teeters on the edge of recession. Yet it is proving remarkably resilient. The fund is managed by Ian Mortimer and Matthew Page, employees of asset manager Guinness Global Investors. Page describes it as 'ideal for uncertain times - and that's the world we are living in at the moment'.
😧😳🤧 The metaverse has become the latest digital asset trend and mainstream companies including Apple, Facebook and Microsoft are keen to login. The term has been around since the 1980s but advances in technology and backing from major companies is taking the metaverse to the mainstream. Here is how you can get involved virtually and financially.
Can a 'smart' home app save you money on your energy bills? We visited Samsung's high-tech apartment in Surrey to find out
😧😳🤧 I was interested to learn about the new SmartThings app from Samsung, which claims to help households cut down the power they use. The tech giant says the app is designed to 'bring awareness to your energy consumption, cut down on your bills, and ultimately save you money.' But does it work? I visited Samsung's model apartment in Chertsey, Surrey, to find out.
VW's new electric family car that promises a range of 385 miles: ID. Aero concept previews the ID.6 saloon
😧😳🤧 The ID. Aero previews Volkswagen's first fully-electric saloon car, aiming to provide more rear interior space and comfort than any battery model it currently offers. It is widely expected to be called the ID.6, continuing the size-related number lineage already in place for the company's all-electric passenger models. Production for the Chinese market will start in around a year's time, while cars built for the European market will start towards the end of 2023.
Euro is on track to slump to parity against dollar within weeks, according to leading investment bank
😧😳🤧 The humiliating milestone would be the latest blow to the credibility of Europe's single currency. The European Central Bank has controversially kept interest rates below zero, making euros less attractive as central banks in the UK and US hiked rates to combat runaway inflation. Investors are also spooked by the rising risk of recession in the eurozone itself.
British Gas owner Centrica signals it will throw its financial might behind Sizewell C nuclear plant in Suffolk, bringing significant boost to project
😧😳🤧 The utility giant will join French rival EDF as a significant backer of the plant alongside the British Government. The Prime Minister wants Sizewell C to be one of up to eight new reactors built by 2030. It is a core part of his energy security strategy launched in April after Russia's invasion of Ukraine. Centrica's commitment will help smooth a path towards a restructuring of the £20billion joint venture and the removal of Chinese state-backed CGN as an investor.
How did it miss the inflation shock? The question that hangs over the Bank of England, as a new book explains why we can't just print more money
😧😳🤧 Only now, after more than a decade of keeping the Bank of England's printing presses running, a new generation is starting to understand that there is no such thing as a magic money tree. Bank of England economists Rupal Patel and Jack Meaning's book - aimed at sixth formers and interested lay people - has sparked a political row
What does it take to become a first time buyer today? We speak to four aspiring homeowners about trying to achieve that dream
😧😳🤧 It seems with every passing year the homeownership aspiration shared by so many young Britons becomes ever more the distant dream. Surging house prices, soaring inflation and low savings rates mean that the goal posts are constantly moving. The typical UK home has risen by 68 per cent over the past 10 years, according to ONS data, whereas average wages have only grown by 31 per cent during that time.
Trophy homes! Four Wimbledon properties for sale near Centre Court - including Simon Cowell's second London home
😧😳🤧 We pick four multi-million detached homes for sale that are within a short stroll to Wimbledon's Centre Court. Pictured (clockwise from top left) are: A six-bed property in Wimbledon Village, a six-bed house on Wimbledon Common, a seven-bed house in Wimbledon Village and a six-bed townhouse in Wimbledon.
😧😳🤧 Isn't it a bit of an odd time to finally get rid of this, just as interest rates are finally rising and the base rate has jumped from 0.1 per cent to 1.25 per cent in six months? We discuss why the Bank of England is doing this and whether it is the right move, or could lead to risky lending and even higher house prices? Plus, inflation-fighting savings, current accounts to switch to, why investors aren't buying the dips, and can your neighbour build on your wall?
Could the falling pound be a GOOD thing? Our experts tackle the hot topic on the Strictly Business debate show
😧😳🤧 Sterling is down more than 9 per cent this year against the dollar and has also fallen, though less steeply, against the euro. Ordinary Britons will certainly notice that the pound in their pocket is worth a lot less if they are taking holidays in Disneyland or the Big Apple. But can this be good for business, Ruth Sunderland and Alex Brummer debate the issue.
Can a pension detective find your lost loot? More people are hoping to track down nest eggs and here's how to do it
😧😳🤧 Fresh analysis of figures dating back to 2008 shows a meteoric rise in the number of savers using the government's Pension Tracing Service. Enquiries rose from an equivalent rate of 173 a day in 2008 to around 5,780 per day in 2020 - more than 33 times' the original figure. The service aims to reunite people with abandoned pension pots, which increase in number when you swap jobs, move home, and lose touch with your providers.
MG's new £30k electric hatchback has a SWAPPABLE battery system: MG4 initially offer a range up to 280 miles that can be upgraded at a later date
😧😳🤧 The MG4 will be offered as a cut-price alternative to popular battery-powered hatches already on the market, including the Volkswagen ID.3 and Nissan Leaf from early next year. But the most eye-catching feature is that it will debut an all-new platform and 'One Pack' battery system, which from launch offers up to 280 miles of range. The one-size-fits-all battery pack is not only ultra-thin and extremely light, but can be upgraded with over the air updates, or swapped entirely if a customer wants more power or range.
I'm worried the energy price cap will shoot up again in October by hundreds of pounds, so should I consider a fixed deal now?
😧😳🤧 All I am hearing at the moment is that the energy price cap is going to go up again in October by hundreds of pounds. I'm on a standard tariff, but I recently got the offer of a fixed-rate deal from my supplier. I haven't been tempted so far because it looks so expensive. But am I wrong? Should I be locking into a fixed energy tariff?
😧😳🤧 Choosing the right DIY platform is crucial but a wealth of choice and a variety of charges can leave investors scratching their heads. We pick some of the best. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.
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|Updated 04 Jul 2022.|
|US Dollar||1.1775||Buy Now|
|Australian Dollar||1.728||Buy Now|
|Barbados Dollar||2.27||Buy Now|
|Brazilian Real||4.893||Buy Now|
|Bulgarian Lev||2.163||Buy Now|
|Canadian Dollar||1.514||Buy Now|
|Chinese Yuan||8.699||Buy Now|
|Croatian Kuna||8.448||Buy Now|
|Czech Koruna||28.77||Buy Now|
|Danish Krone||8.313||Buy Now|
|Hong Kong Dollar||9.179||Buy Now|
|Hungarian Forint||448.1||Buy Now|
|Icelandic KrÃ³na||160.6||Buy Now|
|Indian Rupee||87.48||Buy Now|
|Indonesian Rupiah||16821.0||Buy Now|
|Israeli New Shekel||4.022||Buy Now|
|Jamaican Dollar||163.1||Buy Now|
|Japanese Yen||158.3||Buy Now|
|Jordanian Dinar||0.8063||Buy Now|
|Kenyan Shilling||135.1||Buy Now|
|Malaysian Ringgit||5.041||Buy Now|
|Mexican Peso||26.68||Buy Now|
|New Taiwan Dollar||32.81||Buy Now|
|New Turkish Lire||19.14||Buy Now|
|New Zealand Dollar||1.897||Buy Now|
|Norwegian Krone||11.72||Buy Now|
|Polish Zloty||5.262||Buy Now|
|Romanian New Leu||5.474||Buy Now|
|Russian Rouble||75.14||Buy Now|
|Singapore Dollar||1.63||Buy Now|
|South African Rand||19.23||Buy Now|
|South Korean Won||1471.0||Buy Now|
|Swedish Krona||12.09||Buy Now|
|Swiss Franc||1.118||Buy Now|
|Thai Baht||41.28||Buy Now|
|UAE Dirham||4.301||Buy Now|
|Vietnamese Dong||27664.0||Buy Now|