Personal Finance
Coverage and analysis of the latest personal finance, tax, pensions and insurance news from the expert team at MoneyWeek.
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FCA car finance compensation: £700 each expected for 14 million drivers
Eligible motorists could get payouts from next year under the financial watchdog’s car finance compensation scheme but a consultation on how it will work is taking longer than first thought
By Laura Miller Last updated
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Self-employed? Start saving for your pension now
Britons who are self-employed have neglected to build up their retirement fund. Could changes to the self-assessment system help them act now?
By David Prosser Last updated
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Pension tax-free lump sum warning as early withdrawal could cost savers £63,000
Savers could also be hit with income tax on money added to cash savings accounts
By Sam Walker Published
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Marriage allowance: are you missing out on £252 a year?
News Married couples and civil partners could save up to £252 a year in tax by claiming the allowance - and receive a backdated lump-sum payment worth more than £1,000
By Ruth Emery Last updated
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Lasting power of attorney fee to increase to £92 - apply now to beat the price hike
A lasting power of attorney can be used to appoint a loved one to help with important financial and medical decisions. With the application fee rising this month, should you apply now?
By Ruth Emery Last updated
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Reeves told scrapping pension salary sacrifice would cost average earner £377 a year
MPs – including chancellor Rachel Reeves – have received a letter warning of the dangers in reducing or removing salary sacrifice schemes for pension contributions, a plan under consideration by HMRC.
By Laura Miller Published
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Saving vs investing: which is better to help you make more money?
While saving is great for short-term goals (five years or less), investing is a great way to help your money grow over the long term. But is one better than the other – and what is the real difference? We explain how they differ and what it could mean for your money.
By Holly Thomas Last updated
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Nest Pensions abandoned by 10 million workers – why are savers ditching the UK’s biggest workplace pension?
Savers are halting contributions and leaving millions of small pots behind them, Freedom of Information (FOI) data provided exclusively to MoneyWeek shows. We look at why and what it means.
By Laura Miller Published
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Warning to up to 3.5 million unmarried couples who risk losing their share of the home
The number of properties owned jointly but unequally by unmarried couples has jumped, leaving millions more exposed to problems if they decide to split. Here’s how to protect your assets.
By Laura Miller Published
