2 h. ago Brits charged more than £100m in ISA penalties last year – Rachel Reeves, please fix this mess

The Lifetime ISA was meant to help young people buy their first home. Instead, it’s punishing them for trying. Gabriel Nussbaum explains why the Chancellor needs to reform it - before more first-time buyers pay the price

Economics

12 h. ago Boost for savers as FSCS protection limit will rise to £120,000 within weeks

The amount of cash that is protected if a bank or building society goes bust will rise for the first time in eight years, the Prudential Regulation Authority today confirmed.

Economics

24 h. ago HMRC fines hit 130,000 savers over lifetime ISA cash withdrawal rule

New HMRC figures reveal savers who break cash withdrawal rules are being met with penalties over £13,500, as rising numbers face harsh charges for accessing money earlier

Economics

28 h. ago HMRC hits 130,000 ISA savers with £790 charge for breaking rules

The penalties hit people who withdrew money from their LISA accounts early

Economics

28 h. ago HMRC issues £789.75 penalties to ISA users for breaking cash withdrawal rules

The scheme which is open to people aged 18-39 and has been backed by Martin Lewis - who has warned of the pitfalls

Economics

5 d. ago Government issues update after calls to change Lifetime ISA rules

People are calling out for a reform of the UK Government savings account

Politics

7 d. ago Savers say they need £27,000 to feel confident enough to invest as Chancellor plots cash Isa limit cut

As many as 87 per cent of savers said they think a 'significant' cash safety net is essential to have before the start investing.

Economics

8 d. ago Millions of young Brits missing out on free money by ignoring Lifetime ISA trick

New research has found that 18 - 28-year-olds could have netted more than £3.1bn in the last 12 months, by adopting one simple technique.

Economics

9 d. ago Gen Z losing out on 'free cash' with simple Lifetime ISA mistake

Young Brits are missing a trick with this one simple mistake

Politics

1 week ago HMRC £1,000 fine warning issued to millions of social media users and influencers

Many have received money or gifts in exchange for posting content, averaging £1,223 a year - more than the £1,000 HMRC trading allowance

Events

1 week ago Philippines declares state of emergency after typhoon Kalmaegi death toll passes 100

The deaths were mostly from drowning in flash floods, with 127 people still missing, many in the hard-hit central province of CebuPhilippine president Ferdinand Marcos Jr has declared a state of emergency after typhoon Kalmaegi left at least 114 people dead and nearly 130 missing in central provinces in the deadliest natural disaster to hit the country this year.The deaths were mostly from drowning in flash floods, and 127 people were still missing, many in the hard-hit central province of Cebu. The tropical cyclone blew out of the archipelago on Wednesday into the South China Sea. Continue reading...

Events

2 w. ago Lucky NS&I saver wins £50,000 prize with just £100 worth of Premium Bonds

November's high value Premium Bond prizes have now been revealed by the NS&I

Economics

2 w. ago People urged not to miss tax deadline this week or face hefty HMRC fine

Advice Direct Scotland provides free and confidential help with tax returns.

Events

3 w. ago Don't cut the £20,000 cash Isa limit... it won't incentivise savers to invest, MPs warn Rachel Reeves

The Chancellor should not cut the cash Isa allowance from its current £20,000 annual limit, MPs have said. It comes as the Chancellor is said to be considering restricting the allowance to £10,000.

Economics