Money

Inheritance tax tangles and pension pot worries - what YOU asked our financial planning experts this year

Our financial planning channel has exploded in 2024 as a tough economic climate and change of government put our finances into firm focus.

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

Trump-fuelled stock market rally sends Wall Street profits to record highs

Wall Street’s biggest banks posted record profits after Donald Trump’s election triumph triggered a US stock market trading frenzy. JP Morgan reported a $58.5bn biggest annual profit on Wednesday, the largest in US banking history and beating its previous record of $49.6bn in 2023. Goldman Sachs’s annual profits also rose by 68pc to $14.3bn after a...

The Rule of 55: One Way to Fund Early Retirement

The Rule of 55 lets you access your retirement funds early. When paired with other strategies, it could help you kiss the office goodbye.

Italy's public debt tops 3 trillion euros, highest on record

By Sara Rossi MILAN (Reuters) - Italy's public debt rose further in November, exceeding 3 trillion euros ($3.1 trillion) and hitting a record high, the central bank of the euro zone's third-largest economy said on Wednesday. The sustainability of Rome's huge public debt has long been seen as a crucial factor for the survival of the euro zone, and Italy has been the most sluggish economy in the

How to manage your money after being diagnosed with a serious illness

If you are diagnosed with a serious or even terminal illness, money might be quite far down the list of things you are worried about. But ignoring it at an early stage in your diagnosis could make your final days more stressful than they need to be or leave your family with a difficult mess to deal with when you die. Getting to grips with your fina...

How Much Is A Plane In 2021 - Aircraft Prices & Why It Doesn't Matter

In this video, I'm going to tell you how you can buy a commercial plane, how much it costs and why that may not be the best idea. There are some pretty crazy price differences and some planes are effectively worthless despite costing half a billion dollars - so buckle up and let us go shopping!

I took a pension lump sum: Should I pay off my £117k buy-to-let mortgage?

Should I use the lump sum now to cut out mortgage payments on my buy-to-let, or leave the cash to hopefully grow in value for the future?

What is a cash Isa and how does one work?

If you have money to save then a cash Isa should be one of your considerations. It works in a similar way to a savings account, except that you’re limited to how much you can pay in each year (up to £20,000), and the interest your money earns will remain tax-free. There are several types of cash Isas to choose from and they’re offered by lots of ba...

Up 10% today, is it time to consider buying this unloved FTSE 250 value stock?

Jon Smith looks at a top performer in the FTSE 250 today, with the move coming from strong results from a European company in the same sector. The post Up 10% today, is it time to consider buying this unloved FTSE 250 value stock? appeared first on The Motley Fool UK.

Why it’s hard to build wealth with a Cash ISA (and some other options to explore)

Britons continue to direct money towards Cash ISAs. History shows that this isn't the best way to build wealth over the long term, however. The post Why it’s hard to build wealth with a Cash ISA (and some other options to explore) appeared first on The Motley Fool UK.

Here's how much life cost in 1995 compared to 2025

From a semi-detached to a Pot Noodle.

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.

March Madness will pay women's teams under a new structure approved by the NCAA

March Madness will pay women's teams under a new structure approved by the NCAA - Women’s basketball teams finally will be paid for playing games in the NCAA Tournament each March just like the men have for years under a plan approved Wednesday at the NCAA convention

Eight key things to think about if you are buying a home in 2025: Paperwork, credit checks and more

Eight key things to think about if you are buying a home in 2025: Paperwork, credit checks and more - With a bumper crop of housing transactions currently going through the pipeline, experts explain some factors for house hunters to consider

Europe's largest economy is facing a possible third consecutive year of recession

Forget this week's minor decrease in the UK inflation number.

Age-related differences in financial decision-making and social influence

Older people are more likely to be influenced by the impulsive financial preferences of others than their younger counterparts, according to a new study. Research lead by psychologists at the University of Birmingham and the University of Oxford published today in Communications Psychology...

The ‘ruthless’ spending cuts that could save Britain from economic disaster

Ahead of the Budget, Rachel Reeves was clear: “There won’t be a return to austerity,” the Chancellor told BBC Radio 4’s Today programme. “There will be real-terms increases to government spending in this parliament.” It was a promise she followed through with in her record tax-raising Budget, which increased public spending by £70bn a year. Fast fo...

The Impact of Renewable Energy on the US Economy

The Impact of Renewable Energy on the US Economy Get more from ClimateCosmos! What do you think about this topic? Share your thoughts in the comments below — we’d love to hear from you! Want more stories like this? Follow us and never miss out!

Man United cash injection confirmed after £250m Sir Jim Ratcliffe promise

Latest Manchester United news as Sir Jim Ratcliffe's final cash injection is confirmed following his purchase of a stake in the club from the Glazer family in December 2023

How to try and turn a small ISA into £200k, starting in 2025

Edward Sheldon highlights a simple three-step savings and investment plan that could help investors grow their ISA balances significantly. The post How to try and turn a small ISA into £200k, starting in 2025 appeared first on The Motley Fool UK.

How tax on personal savings works

Putting money aside is an effective way to save for special occasions or to build a rainy day fund in case of emergencies, but earn too much and the taxman may come calling. Depending on how much you earn and your personal tax band, there are a few allowances on savings that mean you can earn interest without having to worry about HMRC. But some al...

Best airline frequent flyer schemes in 2025 – and how Avios points work

Best airline frequent flyer schemes in 2025 – and how Avios points work - Here are the programmes for plane perks you won’t want to miss as a frequent flyer

Italy has no plans to strengthen golden power rules on financial sector

By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy has no plans to strengthen its "golden power" legislation to intervene in mergers and takeovers in the financial sector, Economy Minister Giancarlo Giorgetti said on Wednesday. The golden power rules, designed at the European Union level to fend off unwanted non-EU buyers, were expanded during the COVID-19 pandemic to shield companies

UK’s economy grows for first time in three months - but less than expected

UK’s economy grows for first time in three months - but less than expected - Gross domestic product (GDP) grew by 0.1 per cent in November, after falling in both September and October - but showed no growth in the three months to November

Do you live 'for now' or prioritise the future? Why having money doesn't necessarily mean you can afford to spend it

There are times when the answer is very clear - if you don't have enough money in the bank to pay for something, you can't afford it.

Now Bank must cut rates: Bailey needs to lead from the front, as he did at the start of Covid, says ALEX BRUMMER

The Bank of England is not among the regulators invited to the Treasury to be reminded of their growth mandate enshrined in law in 2017.

Exact amount of money you’ll need to retire – and 5 tips to achieve it

Could YOUR pension fund a 35-year retirement? More are living to 100, here's how to go the distance

For today's workers, a 35-year retirement is a real possibility. But can they afford it? We look at how big a pension needs to be, and how to boost your pot.

Bank of England's Taylor says it's time to cut interest rates

By Andy Bruce LEEDS, England (Reuters) -The Bank of England should move quickly to bring down interest rates given signs of a slowdown in Britain's economy, Alan Taylor, the BoE's most recently appointed interest rate setter, said on Wednesday. Taylor, an economics professor, voted to cut rates in November - when Bank Rate was cut to its current level of 4.75% - and again in December when the

Why the Lloyds share price surged 6.3% on Wednesday

Inflation coming in lower than expected caused the Lloyds share price to jump 6.3% on Wednesday. But should long-term investors be paying attention? The post Why the Lloyds share price surged 6.3% on Wednesday appeared first on The Motley Fool UK.

Average UK savings by age revealed – see how you compare

How much is TikTok worth and who could buy it?

How much is TikTok worth and who could buy it? - The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its U.S. operations

What is leverage in trading?

Trading strategies are designed to help individuals become more successful investors. Leverage is a type of trading strategy that involves being able to own a larger holding of assets than you’ve actually paid for. Here, Telegraph Money explains how leverage in trading works, and outlines the risks and benefits. What is leverage in tradingHow does ...

How much money it takes to be happy – according to the rich

What’s the one thing money can’t buy? Happiness – or so we’ve been told. A famous 2010 study led by psychologist Daniel Kahneman and economist Angus Deaton concluded that happiness increases with income until it levels off at $75,000 (around £57,000) per year. After that, more money does not equal more happiness. Over the years, however, many have ...

Mauritius PM at centre of Chagos deal demands £3.2 million cash seized from his safe by police

The prime minister of Mauritius is suing authorities to recoup £3.2 million in cash seized by police who raided his safe. Navin Ramgoolam, who has been at the heart of negotiations with the UK over the Chagos Islands, was arrested in 2015 on suspicion of conspiracy and money laundering after his surprise general election loss. Police investigated w...

7 money mistakes that could give you a financial ‘fright’

7 money mistakes that could give you a financial ‘fright’ - From ‘zombie’ savings accounts to pensions horrors, here are some financial pitfalls that it really does pay to avoid.

Jobs that pay the most for under 30 hours work a week

How fashion became the go-to side hustle for working mothers

Meet the mums making serious cash from selling and renting their wardrobes

What to do with your 401(k) when you retire

What to do with your 401(k) when you retire - For many employees, what to do with a 401(k) plan at retirement has been a foregone conclusion: Roll it over

Intesa Makes First Spot Bitcoin Buy

Intesa Sanpaolo SpA has made its first spot Bitcoin purchase, buying roughly 1 million euros ($1 million) worth of the original cryptocurrency, as Italy's largest banking group pushes deeper into the asset class. Bloomberg's Anna Irrera has the story.

Rising cyber-attacks hasten the return of cash

While the future of cash seems uncertain, with a general trend towards reduced use, its total disappearance isn't yet on the agenda. The proof is in the Netherlands, Norway and Sweden...

Sterling drops against yen, dollar and euro

By Stefano Rebaudo (Reuters) - Sterling dropped sharply against the yen and also weakened versus the dollar and the euro on Thursday as investors focused on monetary policy divergence after last week's sell-off in gilts and the pound. Money markets priced in around 50 bps of rate hikes by the Bank of Japan in 2025 [IRPR] after Governor Kazuo Ueda said on Wednesday the bank will debate whether to

The drop in inflation is good for your mortgage – but don’t celebrate just yet

The drop in inflation is good for your mortgage – but don’t celebrate just yet - Analysis: Milder inflation has brought hope that the Bank of England may lower interest rates, saving borrowers vast sums on loans and mortgages

Paying With Cash Can Save You up to 4%: Here's When It's Better Than Credit Cards

"Your Credit is Good, But We Need Cash." This line holds significant meaning today as more merchants encourage customers to use cash by offering lower prices and incentives for those who choose paper over plastic. This shift is economically significant at a time when digital wallets, cryptocurrencies, and online transactions dominate merchant and t...

The exact age you need to start taking your pension seriously – or risk a poor retirement

Prioritising your pension can be a difficult sell to those who are still decades away from retirement – but analysis suggests that there is a cut-off age, where you could cause irreparable damage to your savings if you don’t start taking it seriously. The exact age is 36, according to insurer Standard Life. Failing to start considering what you wan...

Men exhibit stronger sunk cost bias than women when mating motives are activated

Men are more prone than women to exhibit sunk cost bias—the tendency to persist with an investment despite its disadvantages—when exposed to romantic cues, according to new research published in the Journal of Consumer Research. Surprisingly this effect is not limited to romantic contexts but also extends to consumer behavior, suggesting that deep-...

Women's Wealth Growing: How to Handle It Like a Pro

Even as women play catch-up because of the gender pay gap and caregiving responsibilities, they're winning financially.

Factbox-What is in the next Irish government's policy programme?

DUBLIN (Reuters) - Ireland's two dominant centre-right parties agreed a coalition deal with enough independent lawmakers on Wednesday to return to power for another five years and continue their previous high spending economic policy. Here are some of the key details of their policy programme: ECONOMIC POLICY The incoming government has pledged to run budget surpluses and fund "appropriate"

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.