You pay capital gains tax when you make a capital gain over a certain allowance. However, these allowances have changed in the last few years, meaning more people are being brought into the net.

That makes it all the more important to know how the tax works, and when you need to pay it. Test your knowledge in our quiz below.

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• 10 ways to cut your capital gains tax bill
• Crypto investors sent 100,000 capital gains tax warning letters – do you need to pay tax?
• Taxpayers told to check capital gains tax return or risk penalty after rate changes

Inheritance tax (IHT) is often described as the “most hated” tax out there, but a significant number of people know very little about how it works.

Around 71% of UK adults do not understand inheritance tax, a survey by investment manager Schroders found, and it’s not hard to see why.

The tax has a number of different allowances, caveats, and thresholds that can make it an incredibly complex topic – but sooner or later most of us will have to contend with it.

As tax-free thresholds remain frozen and house prices rise, plus new rules about inheritance tax on unused pensions loom, more people face being affected by the levy.

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• Six IHT myths debunked
• How you could cut your inheritance tax bill by £37,000
• What is the 7 year inheritance tax rule and how does it help cut your bill?

The end of the 2025/26 tax year is nearly here, with just weeks left before annual tax-free allowances reset. Some of these tax breaks will be lost forever if you don’t use them this tax year.

With countless allowances and deadlines to keep track of, MoneyWeek’s tax year end checklist could help you to save you money before the end of the financial year.

If you’re an investor with money in Venture Capital Trusts (VCTs) or the Seed Enterprise Investment Scheme (SEIS), you may need to check the experienced investor’s end of tax year checklist.

So how much do you know about the end of the tax year? Test yourself in our quiz.

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• ISA guide: Everything you need to know
• Stocks and shares ISAs: everything you need to know
• How to find the best stocks and shares ISA
• The most popular investments for ISAs

Very few people want the stock market to crash, potentially wiping out years worth of gains – but they do happen.

Since the turn of the millennium, investors have experienced numerous crashes, navigating through everything from pandemic-induced losses to a crisis that threatened the entire global financial system.

With fears mounting that we could be on the verge of an AI bubble, it might be a good idea to study the history of market crashes and see if there are any lessons to be learnt.

So how much do you know about stock market crashes? Test your knowledge in our quiz.

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One of the best ways to protect your cash and investments from the taxman is by making sure you hold them in an ISA.

An ISA is a type of savings or investment account that acts as a tax wrapper, protecting your savings interest or investment returns from the taxman.

A stocks and shares ISA can protect you from capital gains tax and dividend tax, making sure that you keep all your returns.

How much do you know about the popular tax-free accounts? Test your knowledge in MoneyWeek’s ISA quiz.

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• How to find the best stocks and shares ISA
• Isas vs savings accounts: what’s the best home for your cash savings?
• 'I've used my annual ISA allowance. How can I shield my savings from tax?'

New smart meter rules have come into effect, which mean consumers with faulty smart meters could now get automatic compensation. They will qualify if the customer reports a problem with their smart meter but the supplier doesn’t then provide a resolution plan within five working days.

The new smart meter rules also extend to those who have to wait more than six weeks for an appointment to have one fitted, and if their installation appointment fails due to a supplier fault.

Meanwhile, the February’s Premium Bonds prize draw meant that millions of savers across the country woke up richer – with two lucky winners suddenly finding themselves millionaires.

And in economic news, the Bank of England’s Monetary Policy Committee (MPC) met this week to decide where to take interest rates in their first meeting of 2026.

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• UK interest rates live: rates held at 3.75%
• Best places to live in England and Wales in 2026 – and how much they cost
• The top stocks and funds to buy according to DIY investors

The price of gold soared further this week, hitting an all-time high of $5,500, before later dropping off.

Meanwhile, HMRC shed light on plans for a new ISA product which will replace the Lifetime ISA, and Santander announced 44 more bank branches would close.

Test your knowledge of some of the top money headlines this week in our quiz below.

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Plus, don’t miss our gold quiz. How much do you know about the yellow metal?

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• Are you eligible for Nationwide’s next £100 Fairer Share bonus?
• NS&I cuts interest rates on two easy-access savings accounts – are they still worth it?
• Hargreaves Lansdown shakes up fees in biggest change in 10 years – what does it mean for you?

Premium Bonds are one of the UK’s favourite savings products, with more than £134 billion saved in them as of December 2025.

In 2025 alone, more than 71.7 million Premium Bonds prizes were distributed to savers, worth almost £5 billion.

But how much do you know about the popular savings product? Test your knowledge in MoneyWeek’s Premium Bonds quiz.

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And for an extra challenge, try our weekly news quiz, our gold quiz, or our money general knowledge quiz.

• How are Premium Bonds prize winners notified
• Millions of unclaimed Premium Bonds prizes. Could some be yours?
• How to check for Premium Bonds
• How to gift premium bonds

There’s been a flood of new economic news in the past week.

The Office for National Statistics (ONS) published its final inflation reading of 2025 on Wednesday, showing prices rose in the year to December.

Unemployment also made headlines after it came in at 5.1% for the second month in a row, continuing its upward trend.

The price of gold made fresh headlines as it reached another new all-time high, with some now speculating it could soon pass $5,000 per troy ounce. To test your knowledge of the yellow metal, try our gold quiz.

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• More than five million taxpayers overpay with wrong tax codes – how to check yours is right
• Pension Schemes Bill: what’s changing and what it means for you
• Are you eligible for Nationwide’s next £100 Fairer Share bonus?

Many investors love gold – especially in times of economic or geopolitical turmoil.

It’s treated as a “safe haven” asset thanks to its scarcity and because it is seen to have intrinsic value. The idea is that even if the entire modern economy collapses, people will still value gold – the same couldn’t be said for Nvidia shares.

That is why 2025 was an exceptional year for gold, as global strife led many more to invest in it. Over the course of 2025, the price of gold increased by 64.5%.

But how much do you know about the yellow metal? Test your knowledge in our gold quiz.

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• Should you invest in gold coins?
• 'Why you must own gold and Bitcoin'
• 5 gold ETFs for simple exposure

A peculiar quirk of the tax system made headlines this week as new HMRC estimates show that for the first time, two million people are set to be hit by the 60% tax trap in the next fiscal year.

The tax trap, where high earners are taxed at a marginal rate of 60% has been widely criticised – but do you know how much you have to earn to pay this rate?

Meanwhile, in the US, president Donald Trump has turned his attention to domestic economic policy following his gambit of seizing Venezuelan President Nicolas Maduro last week.

Trump launched a Department of Justice probe into a very senior economic figure, setting off yet another surge in the price of gold – but who was it?

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• Act now to avoid inheritance tax on your pension with this one simple change
• 10 easy moves to save you money before the end of the 2025/26 tax year
• What is a trust – and should you use it to avoid inheritance tax?

The first few days of the new year have certainly been busy for investors and individuals alike.

Donald Trump’s capture of Venezuela's president on 3 January made headlines across the world, with European defence funds rising on the intervention.

Investors were also kept busy in the first trading days of 2026 by a remarkable rally in the price of copper that meant it hit an all time high on 6 January.

Meanwhile, the first working Monday of the year is named ‘Divorce Day’ because lawyers see a spike in the number of couples seeking divorce advice after the festive period ends.

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• Cold Weather Payments triggered in hundreds of postcodes: who can get it and when?
• Can you afford to retire in 2026?
• Should you switch to a fixed energy tariff in 2026?

From Donald Trump’s inauguration in the US to the war in Ukraine and Britain's ailing economy, there was a lot of news affecting your finances this year.

We saw stock market crashes, remarkable rallies, heightened tax bills, cyber attacks, and fiscal statements. So, as the end of the year approaches, we look back on the biggest headlines of 2025. How many can you remember?

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• Key money dates for 2026
• What is the average salary by age – and how do you compare?
• Mortgage market reforms: how the FCA's new affordability rules could help you onto the property ladder

There was a lot of economic news to digest this week, as some organisations have released their final sets of statistics of 2025.

The Office for National Statistics (ONS) published their latest labour market report, showing where unemployment and wage growth went in the three months to October.

This was followed by the latest inflation figures on Wednesday, and the Bank of England’s final interest rates decision of the year on Thursday.

But how closely were you following the details? Test yourself in our news quiz.

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• Making financial gifts to loved ones? Write it down or risk giving an IHT bill too
• Mortgage market reforms: how the FCA's new affordability rules could help you onto the property ladder
• High earners face £15k income hit by 2029 following Autumn Budget

Football fans across the UK have been baulking at the cost of tickets to the 2026 FIFA World Cup this week, after the prices were announced.

But that wasn’t the only thing that made headlines this week.

Savers and investors across the UK are set to get help with complex financial decisions as the Financial Conduct Authority (FCA) launched its ‘targeted support’ framework.

The financial watchdog set out ways that banks and other financial institutions will be able to make financial suggestions to consumers who are not making the most of their savings, investments, or pension pots.

For example, they may contact someone with an undiversified investment portfolio, or someone who has significant sums sitting in a current account not earning interest.

The other bit of business news that dominated the week was the announcement that Netflix is trying to acquire one of its biggest rivals – but investors don’t seem too pleased.

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• My 6.5% Nationwide regular saver is due to mature – what are my options?
• The new 4% rule – how much should retirees really draw from their pension in 2026?
• London claims victory in the Brexit wars

Christmas came a little bit early for some Brits this year after the December Premium Bonds prize draw made two new millionaires overnight.

The monthly prize draw created over six million winners, distributing prizes worth a combined total of £403 million to savers across the UK.

Meanwhile, other celebrations were in order last Sunday (30 November) at the headquarters of ChatGPT, after it turned three years old and ushering in the age of generative AI.

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• Cash ISA cuts: millions of savers face £1,200 tax bill after five years
• Will NS&I boost Premium Bonds prize fund rate? Why it could rise soon
• Cold Weather Payment: who can get it and when?

Chancellor Rachel Reeves announced a package of tax rises worth around £26 billion in the Autumn Budget on Wednesday, 26 November.

The biggest revenue-raiser will be an extended freeze on income tax thresholds until 2031, bringing in around £8 billion.

A crackdown on salary sacrifice for pension contributions, a hike on tax from property, savings, and dividend income, and a new ‘mansion tax’ are among the other levies announced.

How closely were you following the Budget? Test yourself with our Budget quiz.

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• Rachel Reeves’s Autumn Budget: what was announced?
• Autumn Budget winners and losers
• Rachel Reeves confirms cash ISA allowance changes

With less than a week left to go before chancellor Rachel Reeves delivers her second Autumn Budget, the first policies have started to be announced.

Her Budget is almost certainly going to include tax hikes, as the economic state of the UK leaves much to be desired. This being said, inflation looks like it is finally on the way down, with the ONS reporting price growth was 3.6% in the year to October.

Investors in Nvidia have also had an exciting week, as the AI chipmaker reported its Q3 earnings last week, outperforming expectations.

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• 1 million pensioners relying solely on state pension face £1.4k shortfall
• Lasting power of attorney rejections soar 200% costing families £5 million – how to get it right
• Radical reforms to state pension age and guaranteed payouts proposed

Autumn Budget rumours continue to circulate this week, with chancellor Rachel Reeves reportedly scrapping plans to hike income tax.

The chancellor is also said to have ruled out a cut to the amount of pension money retirees can take tax-free.

Elsewhere, Nationwide pledged to keep its branches open until at least 2030, extending its branch promise from at least 2028.

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Read more:

• Savers tell Reeves: we'll snub stocks and shares ISAs even if cash limit is cut
• Higher earners face £50k pension hole if Reeves caps salary sacrifice in Budget
• Warren Buffett’s three lessons for pension investors

The chancellor Rachel Reeves delivered a rare pre-Budget speech this week, failing to rule out breaking a key Labour Manifesto pledge.

Meanwhile, the Bank of England’s Monetary Policy Committee (MPC)’s met to set base rate amid sticky inflation.

November’s Premium Bonds winners were announced, with two winners earning the top £1 million prize.

Elsewhere, nearly 10 million workers enrolled in Nest, the UK’s largest workplace pension scheme, are currently not saving into their pots, according to new data.

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• Savills: Average house prices to grow by 22% over next five years
• Warning to up to 3.5 million unmarried couples who risk losing their share of the home
• Reeves told scrapping pension salary sacrifice would cost average earner £377 a year

MoneyWeek, Britain’s best-selling financial magazine, turns 25 this week, having first launched in November 2000.

The magazine was founded by Jolyon Connell, with Merryn Somerset Webb as the launch editor.

Our front cover illustrations have captured major financial and political events over the years, and to mark this special birthday, we took a look back at some of our favourite covers.

We selected 25 top covers from the archives – some were based on the illustrations and others were chosen because of the story behind the cover.

We wouldn’t be MoneyWeek without our loyal readers, so naturally, we wanted to know your views.

Vote for your favourite cover in our pick of 25 in the poll below.

Our selection starts where it all began with Issue 1, first published on 4 November, 2000.

Scroll through the gallery below to see all our favourite covers

It was bad news for gold investors at the start of this week as the price of the yellow metal fell following a remarkable rally last week.

Similarly, investors in silver, nicknamed the ‘devil’s metal’, also saw their commodity sharply fall this week, going down by 13.5% between 16 and 27 October.

Meanwhile, it has been a much more mixed picture for tech investors after six of the Magnificent Seven firms reported their Q3 2025 earnings this week.

Meta’s shares are down 11% between 29 and 31 October, while shares in Google’s parent company Alphabet jumped 5.51% immediately after reporting their results.

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• Family investment companies explained: how the ultra wealthy shield their money from the taxman
• Reeves must not cut cash ISA limit, MPs say – what could be announced?
• More pensioners dragged into 60% tax trap – could you be caught?

With the Autumn Budget just over a month away, rumours of what will be announced are starting to ramp up.

At the start of the week, reports suggested the chancellor was considering introducing a minimum UK shareholding requirement for ISAs, effectively forcing stocks and shares ISA investors to put a portion of their money into UK equities.

Other reports suggest taxes are likely to rise in the Budget as GDP growth remains sluggish, and inflation remains above the Bank of England’s 2% target.

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• State pension to rise 4.8% in April under triple lock
• How to find lost pensions, savings or investments
• Twice as many taxpayers targeted in HMRC capital gains tax crackdown – could you be next?

Put your understanding of past and present financial matters to the test by playing MoneyWeek's money knowledge quiz.

After months of silence, chatter of a potential cut to the cash ISA allowance has returned.

Treasury insiders say chancellor Rachel Reeves is once again considering cutting the cash ISA limit in her upcoming Budget in a bid to get Brits to invest their cash in the stock market.

While supporters of the potential reform say savers can get better returns by putting their money into stocks and shares, others say a cut to the cash ISA limit will undermine the savings product, and potentially even make mortgages more expensive.

On Monday, the UK also commemorated the centenary of the late Margaret Thatcher’s birth. Thatcher was one of the most influential UK prime ministers to ever govern the country, but her legacy is fiercely disputed.

Meanwhile, in international news, Japan made headlines this week as Sanae Takaichi, who has been styled as Japan’s very own “Iron Lady”, seems to be set to become the country’s first female prime minister – with potential ramifications for investors.

How closely have you been following this week’s top stories? Take part in our weekly quiz below.

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Check out some of the biggest money stories of the week in our stories below. Make sure you never miss the latest money headlines by signing up to the MoneyWeek newsletter.

• 12 ways pensions could be reformed in Budget – including an alternative to charging IHT
• What is the 7 year inheritance tax rule and how does it help cut your bill?
• Most popular London boroughs: Full list of in-demand places to move to

Millions of drivers who unknowingly signed up to unfair car finance agreements are finally in line for compensation after the Financial Conduct Authority (FCA) confirmed how much wronged drivers could get under a redress scheme.

But that is not the only reason the FCA made headlines this week. Their ban on the sale of crypto ETNs was lifted on 8 October, meaning investors can finally buy them via UK providers with products listed on a regulated exchange.

Some investors have more reasons to be cheerful too, as the price of gold passed $4,000 per troy-ounce for the first time in history.

Have you been following this week’s top stories? Test your knowledge in our weekly quiz below.

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Get a wealth of analysis and reaction to some of the biggest money stories of the week in our stories below. Remember, you can get the latest headlines delivered directly to your inbox with the MoneyWeek newsletter.

• Millions of state pension records ‘set to be deleted’ – putting thousands at risk of never getting their money
• What makes you wealthy in the UK? Could it make you a target in Rachel Reeves’ Budget?
• Pensioners cash out at double the recommended rate – are you ignoring the 4% rule?

Put your understanding of past and present financial matters to the test by playing MoneyWeek's money knowledge quiz.

Do you know your EPS from your EBITDA? From investing to inflation, put your financial knowledge to the test in the MoneyWeek’s general money knowledge quiz.

Whether you’re an ISA expert or a financial history buff, the MoneyWeek team has compiled a list of money questions to test your brain.

Take part below and share your results on social media.

Whether you'd like to start investing, avoid tax traps or make your money grow further, don't miss MoneyWeek's comprehensive explainers:

• How to start investing: a beginner’s guide
• How income tax is calculated
• How to invest £50,000

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The world’s richest man is no stranger to making headlines, and this week was no exception.

Elon Musk’s net worth ballooned this week, briefly making him the world’s first half-trillionaire.

At the same time, October’s Premium Bonds prize draw saw millions of savers across Britain given a boost to their own net worth.

But while some have found themselves richer this week, some savers have been urged to squirrel more away in their pensions by cutting out ‘luxuries’ like takeaways, gym memberships, and streaming subscriptions.

How closely have you been following this week’s top stories? Take part in our weekly quiz below.

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Get a wealth of analysis and reaction to some of the biggest money stories of the week in our stories below. Remember, you can get the latest headlines delivered directly to your inbox with the MoneyWeek newsletter.

• The top stocks and funds to buy according to DIY investors
• Pensioners cash out at double the recommended rate – are you ignoring the 4% rule?
• Inheritance tax raid sees families rush to take out life insurance to pay death bills

Put your understanding of past and present financial matters to the test by playing MoneyWeek's money knowledge quiz.