Finance

SEISS increase: How much is Self-Employment Income Support Scheme extended grant worth? The second extended grant will cover three months from February 2021 to April 2021. HMRC has not yet announced how much the second extended grant will be worth. Previously under the SEISS scheme, grants were worth considerably more than the Government is currently offering the self-employed. The first ...

Universal Credit: Can I get extra money on Universal Credit? In recent weeks a number of eligible people may have seen their Universal Credit payments boosted. The changes do not apply to all Universal Credit claimants, however, so read on to find out how to get extra money while claiming the Government benefit. Can I get extra money on Universal ...

Will the UK have a second recession? Economists warn of ‘double dip’ The UK was plunged into its worst-ever recession following the coronavirus lockdown, which saw swathes of industry shut down to try and stymie the spread of COVID-19. But now, economists have warned there could be a double-dip recession coming as the second round of COVID restrictions squeezes economic ...

State pension: Some claimants may qualify for Cold Weather Payments which start from next State pension receivers, along with other state benefit claimants, may qualify for CWP during particularly cold periods of the year. For those who are on a particularly low income in retirement, pension credit can boost their payments and ensure CWP is awarded where necessary. Pension credit ...

ESA claiming rules have changed – How does the DWP now process claims? When a person applies for ESA, they may need to complete a work capability assessment which is used to find out if the person’s illness or disability affected how much they can work. Some people may not need this assessment if their condition is particularly debilitating but ...

Virgin Money is offering 2.02% interest rate – but key detail to note with account This is not counting transfers from other Nationwide accounts or Visa credits. Amid the announcement of changes earlier this year, Sara Bennison, who oversees Nationwide’s products and propositions, said: “We know that this is a tough time for savers, particularly after two cuts in Bank ...

Universal Credit rates: Is Universal Credit taxable? Is Universal Credit taxable? Some state benefits are taxable, while others are classed as tax-free. State Pension, Jobseeker’s Allowance and Carer’s Allowance are all payments which are subject to income tax, as well as other benefits. Income tax is not payable on other taxes such as Pension Credit and Housing Benefit. Published at ...

Child Benefit: Parents may need to ‘act fast’ to secure £260 per year of state pension “To transfer the credit from one parent to the other, DWP form CF411A should be used,” she commented. Another issue to note is the importance of ensuring those at risk of gaps ensure they continue to claim the credit, even if they have waived ...

In My Blood It Runs: Film shows hard truths through the eyes of an Aboriginal children Telling the story of 10-year-old Dujuan, an Arrernte/Garrwa Aboriginal boy in central Australia who among his many talents is a child-healer and speaks three languages, encapsulates the astounding potential of the young, the failures of the adult world and the continuing legacy of colonialism ...

Furlough: Money advice issued as COVID-19 fears rise – could the ‘50/30/20’ plan help you? “Depending on personal circumstances, such as your income and family status, you may be entitled to financial support from the Government. “This could consist of direct financial benefit or tax credits. So, don’t be afraid to ask for help, make sure you assess your options ...