Personal Finance

What to do with your pension at retirement: A five-step guide to sorting it out and generating a comfortable income for your old age

When it's time to stop work and enjoy retirement, you need to make the most of the money you have saved. That means turning pension funds into an income. We explain what you need to know.

Dozens arrested and thousands contacted after scammer site taken offline

Dozens of people around the world have been arrested after police disrupted a UK-founded website scamming victims on an industrial scale.

Latest UK inflation fall matches Bank of England expectations, Bailey says

By Pete Schroeder WASHINGTON (Reuters) - British inflation is broadly declining in line with the Bank of England's forecasts, and next month's numbers look on track for a sharp drop towards the central bank's 2% target, Governor Andrew Bailey said on Wednesday. "We're actually pretty much on track for where we thought we would be," Bailey said at an event in Washington hosted by the Institute of

Money pours out of Liontrust as investors quit UK shares

Money pours out of Liontrust as investors quit UK shares -

Measuring the True Cost of Trump Tax Cuts

Natasha Sarin, professor at Yale Law School, is the co-founder of The Budget Lab, which analyzes federal policy proposals for the American economy. She says that a full extension of the Tax Cuts and Jobs Act would cost the economy hundreds of billions of dollars over the next few decades.

IMF moves to blunt Chinese debt deal delays with lending policy change

By Marc Jones LONDON (Reuters) -The International Monetary Fund's executive board has backed a key change to give it more freedom to support countries in crisis even if debt renegotiations with big creditor governments like China are still ongoing. The proposal is aimed at reforming what the IMF calls its Lending Into Official Arrears (LIOA) policy, a framework that determines if and when it can

Q&A: What happens next with the Rwanda plan?

Rishi Sunak has rejected offering the House of Lords any concessions on his flagship Rwanda Bill after peers blocked it for a third time and sent the legislation back to the Commons. What next for Rishi Sunak’s flagship Rwanda plan? MPs are expected to overturn the four amendments passed by the Lords on Tuesday, forcing it back into the Upper House...

I'm retiring after 40 years as a fund manager and this is what I've learnt: Richard Buxton on life as a professional investor

Since the early 1980s, Buxton has done his very best to make money for investors at a string of investment houses.

House’s Ukraine, Israel aid package gains Biden's support as Speaker Johnson fights to keep his job

WASHINGTON (AP) — President Joe Biden said Wednesday he strongly supports a proposal from Republican House Speaker Mike Johnson to provide aid to Ukraine, Israel and Taiwan, sending crucial bipartisan support to the precarious effort to approve $95 billion in funding for the U.S. allies this week. Before potential weekend voting, Johnson was facing a choice between potentially losing his job and aiding Ukraine. He notified lawmakers earlier...

We endured a 48-hour journey from hell before my BA Gold Member status came to the rescue

The first hint our journey home from the Caribbean might not go as smoothly as planned came with an American Airlines (AA) email that popped into my inbox on the evening before our departure. “Adverse weather may affect your travel plans,” it warned sombrely, before explaining that predicted storms in Miami the next day could disrupt flights. It ad...

Why is Trump’s New York hush money trial not taking place on Wednesdays?

Why is Trump’s New York hush money trial not taking place on Wednesdays? - Judge Merchan hoping to keep midweek reprieve open amid hectic schedule to allow for break from proceedings and an opportunity to focus on other business

President Joe Biden weighs in on WNBA pay disparity amid outrage over Caitlin Clark’s salary

President Joe Biden weighs in on WNBA pay disparity amid outrage over Caitlin Clark’s salary - Celebrities and basketball fans react in shock after Caitlin Clark’s first-year WNBA salary revealed

PS5 Slim price cut to under £430 at Amazon and Very

Sony's PS5 Slim console has once again received a price cut, with new offers on the disc and digital versions.

The average salary you can expect in the UK based on your age (and how to get it)

Want a pay rise?

Australia rises to second in world budget management rankings, IMF data shows

Australia’s overall budget balance is the second strongest among G20 nations, behind only Canada, according to the International Monetary Fund’s latest fiscal monitor. The IMF’s half-yearly update, released on Wednesday night, found Australia’s overall budget balance came in at -0.9% of gross domestic product in 2023, with only Canada’s budget position (-0.6%) faring better. Australia has shot up the rankings in the latest data, having placed...

How to care for a Chinese money plant — 8 pro tips to keep them happy and healthy

The experts reveal how to care for a Chinese money plant correctly — including watering requirements and common problems to look out for

Cash for clutter: how to make money from what’s in the attic

One person’s rubbish is another person’s treasure, as they say, so you could make a chunk of cash by selling unwanted items cluttering your attic and cupboards. Coins, retro toys and games, old tech, books and magazines can all be sold, with some items possibly worth a lot more than you may think. Dig out old toys Toys don’t have to be 50 or 100 years old to be worth money. For example, Beanie Babies became a big collectible in the 1990s, and...

How much you should save for a comfortable retirement – and when your cash will run out

The idea of finally retiring from work may fill some with joy – but it can also be a great source of anxiety. It is all well and good to dream of long summers, holiday homes and big family trips, but how much money do you need to fund a new life without a salary? An oft-cited rule of thumb is to multiply your working salary by 10. But the goal post...

7 Online Side Hustles Worth Your Time

Combat inflation and rising prices with an online side hustle. Here are some doable options that will be worth your time.

Calling all job hunters, these are the UK's happiest industries to work in

Time to start refreshing that CV.

These are the jobs with the largest gender pay gaps where women earn less than men

Is your industry one of them?

World faces permanently higher interest rates, warns Bank of England official

Consumers face the prospect of permanently higher interest rates amid geopolitical tensions and “slower globalisation”, a Bank of England official has warned. Megan Greene, an external member of the Monetary Policy Committee, said the last mile of slowing down the pace of inflation would be the hardest as she spoke during an event hosted by the IIF...

I'm an Isa millionaire: Here are my top tips for building a chunky tax-free pot

Our reader Mr H is one of the lucky few with an Isa worth over £1m and has shared how he became an Isa millionaire and his top tips for increasing your pot.

Liverpool transfers: Frankfurt finalise plans to replace €60m Reds target Willian Pacho

Eintracht Frankfurt have set a price tag of around €60m for Willian Pacho and they are making plans to add PAOK's Konstantinos Koulierakis as a replacement.

Rishi Sunak says Tories have ‘plan’ six times in 40-second interview

Rishi Sunak says Tories have ‘plan’ six times in 40-second interview -

5 passive income ideas I’m already using

These five passive income ideas are already helping this writer earn money regularly without having to work for it. Here he explains why he likes them. The post 5 passive income ideas I’m already using appeared first on The Motley Fool UK.

Inflation falls - but what might it mean for interest rates?

The price of everyday things - mainly food - is now rising at the lowest level since 2021.

Could my mortgage cost me more than I make from house price rises?

With the help of data from Finder, we crunch the numbers on predicted mortgage costs and house price rises in the coming decades. Will homeowners still be better off?

Co-operative Bank and Coventry near agreement on landmark £780m deal

The Co-operative Bank will this week move a step closer to regaining its mutual status when it announces that it has struck a £780m deal to be bought by the Coventry Building Society.

Giuliani’s bankruptcy could cost him his apartment, his jewellery and, perhaps worse, his Joe DiMaggio shirt

Giuliani’s bankruptcy could cost him his apartment, his jewellery and, perhaps worse, his Joe DiMaggio shirt - From multimillion-dollar properties to luxury watches (and a replica signed Joe DiMaggio shirt), the former New York mayor and Trump attorney may have to part with some cherished items to pay his creditors, writes Kelly Rissman

Average net worth of Americans by age — see how you compare

Single ticket wins £5.2 million lottery jackpot

Single ticket wins £5.2 million lottery jackpot - The estimated jackpot for Saturday’s Lotto draw now stands at £3.8m.

Top 6 US industries where you can earn the most money

Musk's £45bn payday goes to a vote just months after the deal was struck down in court

In a setback for Musk, 52, a Delaware judge ruled in January that this deal, which would be the biggest ever in US corporate history, should be voided.

Crypto experts predict historic bitcoin price change after upcoming ‘halving’

Crypto experts predict historic bitcoin price change after upcoming ‘halving’ - The last halving four years ago preceded a five-fold price increase

Four Ways to Give Money Tax-Free to Your Kids When You Die

If you’d prefer that your estate not pay more taxes than necessary, then these strategies are for you.

Will copper growth lift the Rio Tinto share price over £60?

Roland Head takes a look at the share price of FTSE 100 miner Rio Tinto. With a dividend yield of 6.7%, is an upgrade on the horizon? The post Will copper growth lift the Rio Tinto share price over £60? appeared first on The Motley Fool UK.

How much money do people your age usually save? See how you compare

How much are people saving each year, and how does that change depending on what stage of life they are in? A new study looked at how our emergency funds change over our lifetimes.

Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown

HONG KONG (Reuters) - Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week, sources said, as they ramp up cost-cutting, with weaker dealmaking and sluggish markets in China and Hong Kong weighing on business prospects. Morgan Stanley is cutting at least 50 investment banking jobs in the region starting this week, three sources with knowledge

How much have house prices changed in YOUR area? Interactive tool reveals North East and North West are the biggest winners as average value of homes across the UK rises for the third month in a row

UK homeowners saw the value of their homes rise for the third month in a row, by 0.4% or £1,000 from January to February according to analysis by online estate agent Purplebricks.

5% yield! This dividend stock could be great for my retirement

Our writer explains why this dividend stock appeals to her as she’s investing to build wealth to enjoy in the next phase of her life. The post 5% yield! This dividend stock could be great for my retirement appeared first on The Motley Fool UK.

'The Money Kings': History of US attitudes towards Jews, antisemitism

Daniel Schulman tells the story of German-Jewish immigrants who hit Wall Street, their impact on modern corporate finance, IPOs, anti-trust legislation, Zionism, and antisemitic conspiracy theories.

One small thing that can make the biggest difference to your family when you die

Most people who take out a life insurance policy do so for peace of mind, knowing their family will get a lump sum payout when they pass away. However, it could also provide a headache for grieving relatives, who can get caught out by unexpected tax bills and payout delays when they try to cash the policy in. Writing a policy into trust is one way ...

‘Grey divorce’ poses higher financial risk for women than men

‘Grey divorce’ poses higher financial risk for women than men - ‘Grey divorce operates as a chronic economic strain,’ researchers say

The median wealth per adult in European countries (Spain does not fare badly)

On this map, we can see how much personal wealth the average European adult has. Wealth is shown in US Dollars and includes both financial and non-financial wealth. Non-financial wealth mostly consists of land and real estate. The reason this map shows the median and not the average is that an average is usually skewed by the extremely wealthy. This results is an amount that is far higher than the wealth of most adults. In the case of the...

Women reveal why they chose financial security over love

Women reveal why they chose financial security over love - ‘Don’t ever let a man or anyone limit your freedom,’ one person wrote

Emma Raducanu’s company posts £9.6m profit mostly through commercial endorsements

Emma Raducanu’s registered company made a profit of almost £10 million in 2023, according to records posted at Companies House. ‌The company in question – Harbour 6 Ltd – was registered in 2020, the year before Raducanu shot to fame by winning the US Open as a qualifier. ‌She is identified as the sole director and the only employee of the company, ...

What you need to know to reduce your car insurance

Car insurance premiums are on the rise but it’s still possible to get a good deal if you follow these tips.

Lloyds Bank warns customers after £1m lost to Taylor Swift ticket scam

Taylor Swift fans are thought to have lost £1m to fake ticket scams ahead of her upcoming Eras tour. Lloyds Bank has issued a warning to fans, saying that more than 600 of its customers have come forward so far to report being scammed. The figures were based on analysis of purchase scams reported by customers of the banking group in the year to Mar...

Angela Rayner faces new questions over tax on homes

Angela Rayner is facing new questions about her financial affairs after it emerged that capital gains tax may be owed on another property. Ms Rayner, Labour’s deputy leader, insists that a house she sold for a large profit in 2015 was her main residence – which, if true, means her husband Mark Rayner should have paid capital gains tax on a property...