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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Young pension savers expect to ‘need £100,000 plus a year’ for a good retirement
Some under 40s are aiming high for their pensions, reckoning they will need a pot big enough to generate six figures a year in retirement income, according to new research. Those much closer to taking their pension expect to need far less.
By Laura Miller Published
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Lasting power of attorney rejections soar 200% costing families £5 million – how to get it right
Reasons for lasting power of attorney applications being rejected include human error but can also be due to the inconsistent views of those reviewing the application.
By Laura Miller Published
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How much does air conditioning in the UK cost?
One of the best ways to escape the heat in your home is installing air conditioning – but how much does it cost to install and run it?
By Daniel Hilton Last updated
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Will gas and electricity bills fall? Energy price forecast
Billpayers in the UK have seen their energy bills rise by around £35 a year after the October price cap was introduced. Will prices rise or fall next year?
By Daniel Hilton Last updated
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Lloyds refunds customers £2 million using chargeback – here’s how it works
More than 40,000 Lloyds customers got their money back when goods didn’t arrive as described, using the chargeback scheme. We look at how chargeback works and ways to protect yourself when shopping online.
By Laura Miller Published
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What to do with old £20 notes – how to exchange them
We explain what to do with old £20 and £50 notes as they are no longer legal tender in the UK – plus where you can exchange them for new polymer banknotes
By Oojal Dhanjal Last updated
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What is the FSCS and how does it protect your savings and investments?
The Financial Services Compensation Scheme (FSCS) provides compensation for customers if a financial institution goes out of business. What is the limit and how does the scheme work?
By Oojal Dhanjal Last updated
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Gender pension gap rises to £113,000 – how to fill the shortfall and boost your pension
The gender pension gap is growing, says Scottish Widows, with a third of women facing poverty in retirement
By Ruth Emery Published
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Highest value stocks and shares ISAs worth 17 times more than cash
Ahead of potential ISA reforms in the Budget, new FOI data highlights the significant gap between saving and investing your yearly tax-free allowance
By Laura Miller Published
