Windfall tax benefit

THOUSANDS of people who are not eligible for a council tax rebate could still get up to £150 free cash to help with the cost of living crisis. Four in five households are now receiving council tax rebates automatically - the giveaway is part of a package of measures from the Government to help struggling households across the UK. You must be in council tax bands A-D to qualify for the payment, which was announced by the government in February to help with the cost of living crisis. While households who pay their council tax by direct debit will get the money automatically, others will have to apply. The deadline for this has now been extended until roughly September 30, 2022. But the longer you leave it, the longer it will take for your money to come through. Read More On Council Tax TAX TRIM Four ways including Universal Credit which could mean you pay NO council tax pay day Exact date households MUST apply for … [Read more...] about Thousands of people NOT eligible for council tax rebate to get £150 – how to apply

The amount you can earn before having to pay national insurance (NI) has been raised from today, a move Boris Johnson has described as the "biggest tax cut in a decade" to help with the rising cost of living. The government says 30 million people will benefit to the tune of £6bn collectively from the shift in the threshold, which has risen from £9,880 to £12,570. It would save a typical worker £330 over 12 months and take 2.2 million people out of paying NI contributions altogether. The PM told his cabinet on Tuesday - just hours before the shock resignations of Sajid Javid and chancellor Rishi Sunak - that the measure was part of a £37bn package of support the government had put in place to help families face down the rising tide of everyday expenses from fuel and food to household energy. Read more: How does the NI change affect you? Advertisement The rate of inflation has hit levels not seen for 40 years - and is set to surge further … [Read more...] about Cost of living: ‘Biggest tax cut in a decade’ takes effect to help 30 million people

Nigel Farage reacts to John Bercow resignation announcement Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Mr Bercow’s retirement package is believed to be one of the most generous in the country and will pay him £38,000 a year when he retires. Yesterday the Commons Speaker said he would quit in the event of MPs voting for a general election next month and if not he will stand down on October 31, the current Brexit deadline. In 2012, Mr Bercow refused to follow Gordon Brown and David Cameron who gave up the non-contributory pension which was given to former Prime Ministers and Speakers. Related articles Lindsay Hoyle wife: Meet the woman behind potential … [Read more...] about John Bercow walks away with tax-payer funded £1 million pension

MILLIONS of people on Universal Credit won't get the £650 cost of living payment all at once. Chancellor Rishi Sunak announced the extra cash would be dished out as part of a £15billion emergency package for low income households. More than eight million households will receive the help, which will be paid in two instalments. The first instalment is worth £326 and will land in bank accounts from 14 July - payments will be staggered from there. But the Department for Work and Pensions (DWP) say applicants may not receive money at the same time. The DWP say it's because there are millions of payments that need to go out and they can't all be processed on a single day. Read More On Universal Credit BENEFICIAL DATES Three Universal Credit changes in July and August you need to know about SAVINGS BOOST Millions on Universal Credit missing out on free cash worth £1,200 - are you? The first half of the … [Read more...] about Warning to millions of people on Universal Credit as £650 cost of living payment WON’T hit bank accounts in one go

HOUSEHOLDS on Universal Credit will want to make a note of these key dates in July and August. During these two months, some big money changes will be taking place including the first instalment of the cost of living payments. These changes will include Universal Credit , National Insurance and benefits . The Sun has condensed the changes down for you so you can easily keep track of key dates. First £650 cost of living payment Eight million households in the UK will receive their first £650 cost of living payment . You’ll receive £326 between 14 July and the end of the month. Read more on money BUDGET BOSS We reviewed the five best budgeting apps that can help you save £1,000s GRUBS UP I save nearly £1,000 a YEAR on groceries by joining a food club - here’s how In order to claim the benefit you must receive Universal Credit , income-based Jobseeker’s Allowance (JSA), income-related Employment … [Read more...] about Three big Universal Credit changes in July and August you need to know including National Insurance

City banks defy Brussels to out-earn French rivals PM urged to back bid for factory at heart of Britain’s food supply FTSE 100 rises 1pc Matthew Lynn: Biden’s global tax plan is sinking rapidly — and good riddance Sign up here for our daily business briefing newsletter T he Kremlin is poised to cut future spending plans by £24bn as Western sanctions against Russia bite. Defence, technology and transport budgets are all set to be trimmed, according to Russian media. More than 1.6 trillion roubles, or £24bn, has been slashed from the Russian state budget over the next three years as Moscow braces for a two-year recession. Spending will be 557bn roubles (£8.2bn) lower in 2023 than previously approved plans, with similar cuts pencilled in for the following two years. The budget tweaks are minor compared to the size of Moscow’s overall budget but the figures are one of the first signs of the fiscal blow being dealt by the conflict in Ukraine. The 2023 … [Read more...] about Kremlin slashes spending by £24bn as West’s sanctions batter Russia

MILLIONS of workers are set to get a pay rise from tomorrow thanks to a government change. The amount of tax people pay will be slashed after changes are made to the way National Insurance is paid. The threshold for making National Insurance contributions (NICs) will rise from £9,500 to £12,570 from July 6. Now, The Sun can exclusively reveal how much more money a range of workers can expect to see in their bank accounts this year. The data reveals shelf stackers will see the biggest drop in National Insurance Contributions (NICs), with an extra £333 heading into their bank accounts this year. Sales assistants are next, with £292 and then hospital porters with £292. Read more in Money FREE CASH How to get £200 supermarket vouchers for food and essentials COSTA LIVING Huge increases at Costa Coffee send prices rocketing to £6.15 a cup The statistics are based on median salaries for each occupation. … [Read more...] about Millions to get pay rise from tomorrow – who will it affect? From supermarket workers to van drivers

Published 11 March 2020 Share close Share page Copy link About sharing Business bodies have called on the Welsh Government to match UK Budget measures to help firms in England as the country deals with the spread of coronavirus. Business rates in England will be abolished for retail, leisure and hospitality firms with a rateable value below £51,000. Business rates are devolved to Wales. A Welsh Government spokesperson said it would consider how any extra funding could be best targeted. There are currently 19 confirmed cases of the virus in Wales but it is expected to spread much further. On Tuesday, Wales' First Minister Mark Drakeford urged Chancellor Rishi Sunak to provide Wales with the necessary funding to cope as he warned "enormous strain" could be placed on public services. Mr Sunak also announced that firms in England who already had full small business rate … [Read more...] about Coronavirus: ‘Wales must match Budget’s small business help’

Families on low incomes are enduring a “year of financial fear” and making grim choices such as falling behind on bills, going without essentials or taking on expensive debt, a report has found. The Joseph Rowntree Foundation (JRF) said the cost-of-living crisis and a decade of social security cuts and underfunding are taking a heavy toll. It used a survey of about 4,000 people on low household incomes in May and June (the bottom 40%, which equates to an income of under £25,000 for a couple with no children), for the report. Rather than making the trade-off between heating or eating, one in five (21%) low income households were unable to do either – going without enough food as well as being unable to keep their homes warm, researchers found. Six in 10 (60%) had gone without essentials since the start of 2022, or, had cut down on or skipped meals, or gone hungry in the previous 30 days. Recommended Over £130m handed to housing providers named and … [Read more...] about Families on low incomes suffering ‘year of financial fear’ – charity

Democrat presidential candidate Sen. Bernie Sanders’ (I-VT) campaign responded to criticisms from CNN over its socialist platform late this week by quoting Shakespeare and making a false claim. Nina Turner, national co-chair of the Sanders campaign, made the remarks during a segment on CNN’s “Newsroom,” which featured fallout from this week’s Democrat debate on NBC. CNN’s Brooke Baldwin said, “There’s this new ‘Wall Street Journal’/NBC News poll that found that two-thirds of the respondents said that they were actually uncomfortable with a socialist president.” “But when you break it down – Shakespeare once said, what is in a name? A rose by any other name smells just as sweet,” Turner responded. “What is Democratic socialism? It is government of the people, by the people, and for the people. What does that mean?” “I am talking about this particular poll,” Baldwin responded. “And I want to – I want an answer on the fact that the majority of America is not comfortable with a … [Read more...] about CNN Grills Sanders Campaign Over Socialism. They Respond By Quoting Shakespeare, Making False Claims. | The Daily Wire