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3 steps to turn a £20k ISA into a £5,418 yearly second income

With these three steps, out writer reckons he could earn a second income of over £5,000 annually in future by investing a £20k ISA now. The post 3 steps to turn a £20k ISA into a £5,418 yearly second income appeared first on The Motley Fool UK.


I spent £50 on hair clips and now have a six-figure business

Don’t be a perfectionist, just take action, and you will learn as you go along.


11 things which cost less than £1 in 1994 – and how much they are now


Meet the Gen-Zers who’ve finally saved a house deposit – but can’t afford the mortgage payments

Meet the Gen-Zers who’ve finally saved a house deposit – but can’t afford the mortgage payments - IN FOCUS: A new study suggests Gen Z will face mortgage payments twice as high as those paid by previous generations. Katie Rosseinsky speaks to the young people affected, and hears from buyers who faced a very different situation in the Noughties


France's belt-tightening budget aimed at regaining control over debt, says Finance Minister

PARIS (Reuters) - French finance minister Antoine Armand said on Friday that a belt-tightening budget was aimed at regaining control over a "colossal" debt, adding that the government was keeping a close eye on how financial markets viewed the French debt situation. "We must regain control over our debt," Armand told France 2 TV. On Thursday, the French government delivered its 2025 budget with


Let's code a Digital Clock in Python! 🕒

#python #pythontutorial #pythoncourseforbeginners 00:00:00 pip install PyQt5 00:00:41 imports 00:01:57 class DigitalClock(QWidget) 00:02:59 if __name__ == "__main__" 00:04:48 setting up __init__() 00:05:29 initUI() 00:10:03 update_time() 00:12:47 custom font ## Python PyQt5 Digital Clock import sys from PyQt5.QtWidgets import QApplication, QWidget, QLabel, QVBoxLayout from PyQt5.QtCore import QTimer, QTime, Qt from PyQt5.QtGui import QFont, QFontDatabase class DigitalClock(QWidget): def __init__(self): super().__init__() self.time_label = QLabel(self) self.timer = QTimer(self) self.initUI() def initUI(self): self.setWindowTitle("Digital Clock") self.setGeometry(600, 400, 300, 100) vbox = QVBoxLayout() vbox.addWidget(self.time_label) self.setLayout(vbox) self.time_label.setAlignment(Qt.AlignCenter) self.time_label.setStyleSheet("font-size: 150px;" "color: hsl(111, 100%, 50%);") self.setStyleSheet("background-color: black;") ## Use a custom font ## font_id = QFontDatabase.addApplicationFont("DS-DIGIT.TTF") ## font_family = QFontDatabase.applicationFontFamilies(font_id)[0] ## my_font = QFont(font_family, 300) ## self.time_label.setFont(my_font) self.timer.timeout.connect(self.update_time) self.timer.start(1000) self.update_time() def update_time(self): current_time = QTime.currentTime().toString("hh:mm:ss AP") self.time_label.setText(current_time) if __name__ == "__main__": app = QApplication(sys.argv) clock = DigitalClock() clock.show() sys.exit(app.exec_())


Small businesses raise alarm over tax raid on AIM market

Companies including mixer maker Fevertree, travel firm Jet2 and Mothercare have written to the Chancellor, urging 'clear support' for business relief on inheritance tax.


Oil prices jump 4% on US storm and Israel-Iran fears

By Scott DiSavino NEW YORK (Reuters) -Oil prices jumped about 4% on Thursday on a spike in U.S. fuel use before Hurricane Milton barrelled across Florida, Middle East supply risks and signs that demand for energy could grow in the U.S. and China. Brent futures rose $2.87, or 3.8%, to $79.45 a barrel by 1:24 p.m. EDT (1724 GMT), while U.S. West Texas Intermediate (WTI) crude rose $2.75, or 3.8%,


What is pension credit, and how do you claim it?

Pension credit has been thrust into the spotlight since claiming it is now one of the main ways to qualify for the winter fuel payment. The benefit is for low income retiree households, providing a weekly top-up to help with everyday spending – as well as acting as a sort of “gateway” to other perks. It’s estimated that hundreds of thousands of pen...


Argentina's triple-digit inflation slows, but cash-strapped workers struggle to pay bills

By Horacio Fernando Soria BUENOS AIRES (Reuters) -Argentina's triple-digit inflation, among the world's highest, is starting to slow but this offers little relief for residents whose salaries have stayed the same while costs of basic goods sky-rocketed and the government slashed state subsidies. "We're losing track of what's expensive and what's cheap," said university professor Daniel Vazquez


This is the average amount of money people have saved by their 30s

See how you compare.


Sterling pinned near one month low after British GDP data

LONDON (Reuters) - The pound was pinned around a one month low on the dollar on Friday, getting little support from data that showed Britain's economy returned to growth in August. Sterling was last flat on the day on the dollar at $1.3069, just off the $1.3011 hit Thursday, its lowest since mid Sept. It was also flat on the euro, at 83.70 pence to the common currency. Economic output rose by


Labour may hike capital gains tax to 39% - what would it mean for you?

Reports claims Rachel Reeves may raise capital gains tax to as high as 39%, we explain what it could mean and who would be hit by it.


Under £5k in savings? I’d start buying shares and aim to turn that into £500k

Oliver Rodzianko says the best time to start buying shares is always now. In 30 years, is a £500k portfolio possible with pound-cost averaging? The post Under £5k in savings? I’d start buying shares and aim to turn that into £500k appeared first on The Motley Fool UK.


TD Bank to pay $3 billion in historic money-laundering settlement with the Justice Department

TD Bank to pay $3 billion in historic money-laundering settlement with the Justice Department - TD Bank will pay approximately $3 billion in a historic settlement with U.S. authorities who say the financial institution’s lax practices allowed significant money laundering over multiple years


Taco Bell returns to profit ahead of administration woe

The UK and European arm of Taco Bell returned to profit in 2023 ahead of one of its franchise partners entering administration. The Surrey-headquartered division has reported a pre-tax profit of $2.2m (£1.6m) for 2023. The total comes after Tac Bell reported a pre-tax loss of $1.8m (£1.3m) for 2022. Newly-filed accounts with Companies House [...]


7 things you might be wasting your money on – and 4 you should pay more for


I’d drip feed £497 a month into a Stocks and Shares ISA to aim for a million

I think UK businesses like this strong performer can help me build towards a million-pound Stocks and Shares ISA over time. The post I’d drip feed £497 a month into a Stocks and Shares ISA to aim for a million appeared first on The Motley Fool UK.


The average UK pension pot, and what makes a good one

If I’m looking to be financially secure in retirement, how much pension do I need? Planning for later life can be daunting, not least because you have to make decisions now for a retirement that could be decades away. By the time you reach that age, it’s highly likely you will stop working, meaning your income will drop significantly. Your lifestyl...


What are the mortgage options for borrowers in later life?

What are the mortgage options for borrowers in later life? - With some people facing the prospect of borrowing into their retirement, a banking expert explains some of the options available.


Business jitters ahead of chancellor's 'painful' budget

Firms are pausing hiring new staff while executives are selling off shares in UK-listed companies amid worries over the possible impacts of the chancellor's first budget, it has been claimed.


‘I’m 66, divorced and enjoy the finer things – how can I boost my £220k pension?’

Recently divorced Jacqueline Beaumont is primed for a £220,000 pension settlement. What to do with the six-figure sum, however, is proving hard to nail down. The 66-year-old, who has aspirations of travelling in her retirement, is vying for short-term returns that can uphold her standard of living. With a state pension worth around £11,500 a year a...


What tax rises might be announced in Labour's 'painful' Budget this month?

Keir Starmer has told the UK to prepare for unpleasant news on October 30.


Civil servants with £100k pensions surge five-fold after pay rises

The number of civil servants pocketing annual pensions worth more than £100,000 has risen five-fold following a series of inflation-busting rises. The surge in six-figure retirement incomes for Whitehall staff comes after pensions were increased by almost 7pc this year. As a result of the increase, the number of mandarins with top-bracket pensions ...


BlackRock’s assets under management surge to record $11.5tn

BlackRock’s assets under management surged to a record $11.5tn,last quarter as the world’s largest money manager benefited from a rally in markets and attracted cash from investors. Revenue rose 15 per cent to $5.2bn, surpassing analysts’ expectations, while improved margins lifted the group’s net income to $1.63bn. Assets shot up 26 per cent in the quarter, powered by $160bn in long-term flows and an additional $61bn in new money to cash...


First-time buyers spend £350 more a month on mortgages than five years ago

First-time buyers are still paying significantly more on mortgage payments than they were five years ago, despite home loan costs falling in recent months.


The super-rich claim they’ll flee to escape a Labour ‘tax grab’. Here’s an idea for how to stop them

They’re off! The millionaires are taking flight in droves, chased away by Labour’s budget plans. Day after day, rightwing thinktanks and media grow more demented in their attempt to frighten the wits out of the chancellor. “Number of millionaires in the UK to fall by a fifth,” warns the Times, echoing the Telegraph’s “Britain to suffer biggest exodus of millionaires in the world”, reporting the rightwing Adam Smith Institute’s “millionaire...


Spain's Iberdrola doubles British investment plan to $31 billion

LONDON (Reuters) -Spain's largest power company Iberdrola has doubled its investment plan for its British arm Scottish Power to 24 billion pounds ($31.37 billion) for 2024-2028, it said ahead of a global investment summit in London. The investment comes as Britain's new Labour government tries to drum up billions of pounds in foreign investment into the country as it marks 100 days in office and


Millions of millennials won’t be able to retire without help from parents

Nearly six million millennials are relying on their parents’ wealth to fund their own retirement, research suggests. Four in ten of those between the ages of 28 and 43 say that they will not be able to retire without financial support from their parents, a survey found. More than half say that cash from their parents will be their only source of in...


Canada is showing that it’s possible to have universal, affordable childcare. Is the UK brave enough to follow?

You can’t get much for £5.50 nowadays. A takeaway coffee and a muffin, maybe; a pint and a packet of crisps, outside London. But in parts of Canada, roughly that amount can buy you a day’s childcare. Or it can, at least, if you can find a nursery place. The country is now three years into a post-pandemic social experiment, offering parents heavily (and expensively) subsidised childcare for what is by envious British standards a staggeringly...


Tell tale signs it may be time to lock away savings - and why three years is a sweet spot: SYLVIA MORRIS

Now could be an excellent time to bag a fixed-rate bond - if the latest murmurings from the Bank of England are anything to go by.


Should I take my pension tax-free lump sum before the Budget?

The tax-free pension lump sum is a key feature of retirement planning for millions of people who are budgeting for their future. If you are aged 55 or over, you are entitled to take up to 25pc of your private pension as a tax-free lump sum up to a maximum of £268,275. However, reports that the Chancellor is considering plans to slash the lump-sum l...


Come as You Are: Wealth Management for Gen X

Gen X is stuck in the middle of kids and aging parents, but retirement's not far off. Time to prioritize, with help from Nirvana, The Eagles and David Bowie.


Why did the UK economy grow in August and what does it mean?

The PA news agency looks at what fresh GDP figures mean for the wider UK economy, households and the Government.


Are you wealthy? How much in income, cash, property and pensions does it take to be rich

High income families are still building wealth and tend to be younger than the asset-rich older groups, says Sarah Coles, head of personal finance at Hargreaves Lansdown.


Brazil tax reform could include millionaires tax, says finance minister

BRASILIA (Reuters) -A millionaires tax is one of four scenarios being evaluated by Brazil's government to compensate for proposed tax exemptions for the lowest earners, Finance Minister Fernando Haddad said on Thursday. President Luiz Inacio Lula da Silva has pledged to send an income tax reform to Congress, including a proposal to extend an income tax exemption to those earning up to 5,000 reais


How to top up your state pension

As a guaranteed income that rises every year, the state pension is a staple part of most retirees’ budgets. Around 12.6 million people now receive it and many depend on the money to see them through their golden years. The Pensions and Lifetime Savings Association puts the cost of a “minimum” no-frills retirement at £14,400 for a single person and ...


Budget fears send borrowing costs to highest level since July

The yields on ten-year gilts, which rise as their prices fall, rose close to 4.25 per cent from around 3.75 per cent just over three weeks ago.


Green energy firms promise more than £24bn of new investment in Britain

The leaders of the world’s biggest green energy companies have promised more than £24bn of new private investment across Great Britain ahead of a meeting with the prime minister on Friday. Keir Starmer is expected to meet the green energy bosses on the sidelines of the first Council of Nations and Regions in Edinburgh to discuss the multibillion-pound projects just days before the government’s international investment summit next week. Starmer...


Ukraine to receive additional loan of $300 million from Canada

On October 11, Ukraine’s Finance Minister Serhii Marchenko signed an agreement with the Canadian government for a loan of 400 million Canadian dollars (approximately 300 million USD). The funds will be allocated to finance priority expenditures in Ukraine’s state budget through the IMF's administrative account, citing Ukraine's Ministry of Finance....


25 Times Celebrities Proved to Be Impeccable at Business

From popular clothing brands to owning sports teams!


Russian court orders seizure of $155.8 million in JPMorgan Chase funds in VTB lawsuit

MOSCOW (Reuters) - A Russian court has ordered the seizure of funds in JPMorgan Chase bank accounts in Russia totalling $155.8 million, court filings showed, as state-owned Russian bank VTB seeks damages over funds blocked abroad. The seizure was imposed on funds in any currency on all JPMorgan bank accounts, except those held in so-called type C accounts which cannot be transferred out of Russia


The 10 best-paid jobs in the US – see if yours make the list


10 highest-paying side hustles and how much they can earn you


Why the coins in your pocket make you a Roman

“This is two thousand years old,” my father reminded me as he placed the small silver disc in the palm of my hand. It was still gleaming, cool to the touch, no bigger than a penny. My young mind could not possibly comprehend such an expanse of time. This coin was older than both world wars, older than Shakespeare, and had already existed for a mill...


2 of my favourite bargain penny stocks in October!

These two penny stocks look dirt cheap across a variety of different metrics. Royston Wild explains why they could be sensible options for cautious investors. The post 2 of my favourite bargain penny stocks in October! appeared first on The Motley Fool UK.


20 celebrities who have made bank as business owners

Being famous doesn't always mean you're rich, but these 20 celebrities are both. And they didn't just earn money from their talent. They're also very successful business owners.


Mental Health and Money Problems: How to Take Care of Both

Are your finances causing depression and anxiety? Experts share how you can take care of both your mental health and money problems.


Angela Rayner blamed for major setback in Starmer’s growth strategy as port giant pulls £1bn investment

Angela Rayner blamed for major setback in Starmer’s growth strategy as port giant pulls £1bn investment - Sir Keir Starmer’s much-hyped investment summit has suffered a major blow after Dubai-based DP World has pulled out of a £1bn planned investment in its London Gateway container port


Struggling with numbers was the first warning sign of my brother’s dementia