Daniel Hilton

2 weeks ago | moneyweek.com | Daniel Hilton

The new tax year has arrived which means the annual ISA allowance has reset. With the fresh opportunity to put up to £20,000 into your ISAs, now could be a good time to review your savings accounts and make sure you’re getting the most out of your money. While you may think that your ISA savings are already stashed away in accounts that provide decent growth, there is a real risk that this isn’t happening.

3 weeks ago | moneyweek.com | Daniel Hilton

Millions of savers are missing out on hundreds of pounds each year as their cash ISA savings earn paltry interest rates. More than £46 billion sits in nearly 6.9 million cash ISAs that pay interest rates of 1.5% or less, according to new data from Yorkshire Building Society. The average balance of these cash ISAs is just over £6,700. Despite competitive cash ISA rates on offer, the amount sitting in these low-paying accounts has grown by £3 billion in the last year.

3 weeks ago | moneyweek.com | Daniel Hilton

Two lucky Premium Bonds holders have become millionaires overnight whilemany others have won some extra cash after National Savings and Investments (NS&I) drew April’s prize draw. The two new Premium Bonds millionaires picked this month are from South Yorkshire and Hertfordshire. The winner from South Yorkshire is the owner of bond number 494WG724922 and holds a total of£43,165 in Premium Bonds. The winning bond was purchased relatively recently inMarch 2022.

1 month ago | businessandamerica.com | Daniel Hilton

Chancellor Rachel Reeves is set to increase the penalty fees for businesses and landlords submitting a tax return late in her Spring Statement this Wednesday. She hopes the hikes will bring in an extra £1 billion a year to the Treasury by the end of the decade in a bid to close the UK’s estimated £40 billion gap between tax paid and tax owed. From April 2025, the chancellor will increase late payment penalties for VAT and Making Tax Digital for Income Tax Self Assessment (ITSA).

1 month ago | msn.com | Daniel Hilton

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