Personal Finance
The latest personal finance news, features, analysis and insights covering savings, tax changes, pension planning, banking and insurance from the expert team at MoneyWeek.
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The big money changes coming in April – are you ready?
The end of the financial year offers the chance to take a fresh look at your finances, but there are several April money changes where you may need to act fast to avoid extra costs.
By Sam Walker Published
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How you could cut your inheritance tax bill by £37,000
Regular gifting can reduce your inheritance tax bill by tens of thousands of pounds, new calculations show. We explain how the rules work.
By Ruth Emery Last updated
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What are ‘deprivation of assets’ care cost rules? – and how to stick to them
Care costs can average £66,000 a year or more, which can leave little over for an inheritance. But if you give your money away and still need paid-for care, HMRC can demand the cash back. We explain ‘deprivation of assets’ rules when it comes to paying for care.
By Laura Miller Published
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159 – the three-digit number that could stop you from being scammed
Why 159 is a number everyone should know as it could stop scammers stealing from your bank account. But how does it work and when should you use it?
By Sam Walker Published
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What happens to your pension when you die
The way your pension is passed on to your loved ones is set for a shake-up. Here is what you need to know about who inherits your pension and why naming a beneficiary is so important.
By Marc Shoffman Last updated
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Is it still worth paying into a pension in your 60s?
What are the financial benefits of continuing to pay into a pension as you approach retirement age? In an exclusive analysis, we show the reality of pension saving into your 60s.
By Laura Miller Published
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Lasting power of attorney – do you need it and how to set it up
A lasting power of attorney can be used to appoint a loved one to help with important financial and medical decisions. Prices have increased but it is still a cost-effective way of gaining peace of mind.
By Ruth Emery Last updated
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How Avios points work: how to collect and spend them
Avios points offer worthwhile rewards for the savvy traveller but the cost of using them is on the rise. We explain how to collect, keep track of, and make the most of your Avios points
By Laura Miller Last updated
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Three simple inheritance tax mistakes could cost your family £100,000s – are you missing out?
About 3,700 more deaths resulted in inheritance tax in 2022-2023, according to the latest data from HMRC. But some families are paying more IHT than they need to because they are not taking advantage of valuable loopholes. We explain how.
By Laura Miller Last updated
