The Money Pages

Inflation rate disparity persists between age groups

Thu, 15 Jul 2010 00:00:00 BST

The latest figures from the Alliance Trust Research Centre show that, for the ninth consecutive month, it is the 50-64 year olds who are facing the highest rate of inflation, at 4.5%. This is 41% higher than the official headline rate of 3.2%
The group hardest hit during June was the over 75 year olds, whose inflation rate has increased quite sharply, from 3.3% to 3.6%. Despite this increase, it is this age group which still faces the lowest rate of inflation
Both working age groups recorded a decrease in inflation. Inflation facing the 30-49 year olds fell from 4.4% to 4.3% while, in the case of the 50-64 year olds, it decreased from 4.6% to 4.5%
The rate of inflation facing the under 30s has remained unchanged at 4.1%, helped by ongoing deflation in clothing and audio-visual products

Urgent reminder for tax credit claimants

Thu, 15 Jul 2010 00:00:00 BST

HM Revenue & Customs (HMRC) is sending an urgent reminder to tax credit claimants - renew your claim by the 31 July deadline, or your payments will stop.

Mummy�s little helpers feel the pocket money pinch

Thu, 15 Jul 2010 00:00:00 BST

Gender pay gap starts early with pocket money

Countdown begins - one year to go until guaranteeing a cheque with a card becomes a thing of the past

Thu, 1 Jul 2010 00:00:00 BST

The year-long countdown starts today (30th June 2010) to the closure of the UK Domestic Cheque Guarantee Card Scheme.

Festival goers swap head banging for hair straightening

Thu, 24 Jun 2010 00:00:00 BST

UK techno-dependants can't bear to be separated from their gadgets - even in a muddy field.

Rates and allowances

Thu, 24 Jun 2010 00:00:00 BST

New Budget announcements of main changes to rates and allowances in the tax year 2010-11 and the tax year 2011-12.

Announced changes to 2010-11 and 2011-12 rates and allowances for Value Added Tax (VAT), Insurance Premium Tax, income tax, National Insurance Contributions (NICs), indexation of benefits and tax credits, State Pension, Child and Working Tax Credits, Child Benefit, corporation tax on profits, a new bank levy, capital gains tax, cider duty and landline duty are set out below.

CGT hiked to 28%

Thu, 24 Jun 2010 00:00:00 BST

In the Emergency Budget, Chancellor George Osborne confirmed that capital gains tax would rise from 18% to 28%. This rate only applies to higher rate tax payers and is not as high as the rumoured 40%.

Elgar note fades as 30 June deadline looms

Fri, 18 Jun 2010 00:00:00 BST

Elgar note fades as 30 June deadline loomsThe £20 banknote bearing the portrait of composer Sir Edward Elgar, has less than two weeks left in everyday use.

Over a third of women face retirement poverty

Fri, 18 Jun 2010 00:00:00 BST

35 per cent of women compared to 29 per cent of men will have a retirement income below the poverty line
A third (32 per cent) of people retiring in 2010 to have income below poverty line

Over 50s turn to DIY for credit crunch home improvements

Wed, 26 May 2010 00:00:00 BST

A quarter of over 50s regularly do DIY
One in five have dealt with an emergency DIY situation