Finance

Rishi Sunak won’t bring back Eat Out to Help Out but similar schemes are expected in March Rishi Sunak launched Eat Out to Help Out in summer 2020 as lockdown restrictions were eased and the Government wanted to stimulate the economy. However, while the scheme worked for its original purpose, many blamed it for a spike in coronavirus cases which ...

SEISS fourth grant: Will applications open in February for self-employed grant 4? The Self-Employment Income Support Scheme (SEISS) has acted as a lifeline for many business owners during the coronavirus pandemic. Chancellor Rishi Sunak announced last year the scheme will be extended until April 2021, which will come as a relief to many businesses trying to navigate the next stage ...

HM Treasury warned of ‘national scandal’ as FSCS forecasts skyrocket – impacts explored The FSCS is the UK’s official statutory deposit insurance and investors compensation scheme for customers of various financial assets including pensions, bank accounts, mortgages and investments. Where approved financial companies fail, customers with those companies can have their assets protected to certain extents and the FSCS will ...

FCA to issue fee cap on claims management companies – pension holders & savers to benefit Financial compensation can be sought out in certain circumstances where a consumer has received poor or unlawful service and CMCs can be utilised to help with this. There is broad scope on what compensation can be awarded through these companies but they can help ...

Universal Credit childcare rules deemed ‘unlawful’ – thousands of parents may be affected The ruling, only if the Department for Work and Pensions (DWP) agrees to change the rules surrounding childcare costs, could affect thousands of parents who need this kind of support.  Ms Salvato commented after the case saying: “I’m over the moon with the ruling, I always felt ...

Pension warning: HMRC deregisters 770 schemes in crack down on scams – are you affected? Pension access is an important consideration as many will have significant funds put away for their retirement in their pot. With the financial impacts of COVID-19 felt, some may feel the urge to dip into their pension savings to provide them with extra support in the ...

Mortgage: How homeowner, 26, boosted bank balance by hundreds and saved £12,000 deposit “I had a direct debit or standing order set up, because once I left university and I was getting regular income, I was always conscious of the fact that I wanted to pay myself first just so then, temptation will hopefully never get the better of me,” ...

Universal Credit claimants could get an extra £812 – budgeting advance explained Universal Credit payments are designed to offer support to people who are either on a low income, or out of work. With many more flocking to Universal Credit due to the COVID-19 crisis, it has undoubtedly become an important lifeline. However, with current plans meaning the £20 a week ...

Covid payment could see everyone with coronavirus in England receive £500 under new scheme So long as a person is eligible, they’ll be able to make a claim for the Test and Trace Support Payment scheme or a discretionary payment up to 28 days after the first day of their period of self-isolation. The £500 payment will be received on ...

Child benefit warning: Basic rate taxpayers set to be hit by high income charge from April Child benefit will pay out £21.05 per week for eldest or only children, with £13.95 being awarded for additional children. In order to be eligible for child benefit a person must be responsible for a chlid under 16 and be living in the UK. ...