A recent survey by Fool.co.uk highlighted how we do not trust our banks with our money.
Author: Rob Lewis
How Much Tax Will I Pay?
An Excel sheet to help you work out how much Income Tax and National Insurance you pay.
NatWest Repays £35,000 Bank Charge Claim
Bank have repaid over £34,000 in charges to a Norfolk business after an unnamed businessman chose to question the charges it had imposed.
Landmark Bank Charge Court Case Postponed
A landmark court case brought against Natwest because of their charges has been postponed so that a full day can be set aside to hear the arguments.
Cooling Off Period Applies To Renewals
A post at UKMoneyPot states that the 14 day cooling off period you receive when buying many types of financial product, such as loans, insurance and credit cards, also applies when your policies “auto-renew”. For example, as with many insurers, if your car insurance renews automatically each year, you still have 14 days from the […]
How Much Is In Your Emergency Fund?
There’s a school of thought which suggests that you should have a minimum of 3-6 months worth of your salary saved up for emergencies, but how many of us can say that we have such savings to dip into in times of crisis? Emergencies can, of course, come in many different guises – from your […]
NatWest Taken To Court Over Bank Charges
The bank charge bandwagon continues to roll on, with a bank finally looking like it will be taken to court over its charges. A London Barrister, Tom Brennan, is contesting the £2,500 worth of charges he racked up with NatWest whilst he was a student, and is hoping to be the first person to bring […]
How Are We Affected By Interest Rate Changes?
Interest rates have been kept at 5.25% for this month, although there are still thoughts that rates will rise again in the next few months. But how do interest rate changes affect the average person? I’ll explain in very simple terms: When rates fall, there is less incentive for people to save their money – […]
Britons Start Pension At 28 On Average
I’m often bemoaning the lack of thought that us Brits put into our retirement here on Money Watch, so I was surprised to learn that on average, we Brits start our pensions at the age of 28. Axa’s Global Retirement Scope study said the average worker in the US started saving for old age at […]
“No Win No Fee” Finds It Way To Bank Charges
I guess it was only a matter of time until someone would try to make money from the current trend to reclaim bank charges, but the process of reclaiming fees appears to be so simple, there’s probably no need for you to get a middleman involved. From BBC News: Hundreds of people each week are […]