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.
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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.
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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.
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Inheritance tax pension reforms will delay payments to grieving families and the taxmanThe government is pressing ahead with plans to charge inheritance tax on pensions but there are warnings that it will be harder for executors to administer an estate and pay HMRC
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More than a million pensioners set to be hit by tax on savings accountsA combination of higher interest rates and frozen tax thresholds is dragging more people into paying tax on their cash savings
