Financial news

• How to work freelance, plan ahead and stay afloat in the UK

  29-09-2024 12:00
  You’ll need to decide how to trade, where to work, and how to manage your self-assessment accountHere’s how to organise your financial life if you’re a freelancer or sole trader.Sole trader is the most straightforward business or legal structure if you are self-employed. Depending on the nature of your business, other options include a partnership (with someone else) or setting up a limited company. If you have a partnership or limited company, your business finances should be
  
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• How to make the most of the forgotten thousands in child trust funds

  29-09-2024 10:00
  
  After HMRC urged young Britons to claim the windfalls from CTF accounts, we look at the best ways to maximise the benefitsIs there a pot of thousands of pounds out there with your name on it? HM Revenue and Customs is better known for demanding money than dishing it out, but last week it urged hundreds of thousands of young people to come forward and “cash in their stash”.The tax authority says 671,000 people aged 18 to 22 have a child trust fund account that has matured, is worth &p
  
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• Bringing an end to child poverty really ought to be an economic no-brainer | Sonia Sodha

  29-09-2024 09:30
  Growing up poor blights children’s lives, and results in lower work and health outcomes that cost the exchequer long termWhat’s Labour’s governing philosophy? That was the question posed at a dinner I went to with some MPs and former staffers during the party’s annual conference in Liverpool last week. Is Keir Starmer more influenced by the communitarian blend of leftwing economics and socially conservative values that is “blue Labour”, or is he driven by the
  
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• Winter fuel cut savings will be far less than Reeves expected, new analysis finds

  29-09-2024 08:00
  A surge in claims for pension credit will make thousands more people eligible for the payments and other benefitsRachel Reeves has been warned that her cut to pensioner winter fuel payments risks saving hundreds of millions less than anticipated, in a new blow to her attempts to close the hole in Britain’s finances.The chancellor and her Treasury team are already re-examining parts of a plan to crack down on non-dom tax status over concerns that it may not raise any money. Continue reading
  
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• An old friend has inherited millions and become a boastful bore | Ask Philippa

  29-09-2024 07:00
  
  If he was my friend and started the ‘I’m-considerably-richer-than-you’ act, I’d take the mick out of him royally, says Philippa PerryThe question One of my oldest friends has come into life-changing millions in inherited money. Or should I say his wife has. He’s begun acting like the old Harry Enfield “Considerably Richer Than You” sketch. While most of us must be careful with money, he’s embracing his hedonistic lifestyle. There are self-congratul
  
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