UK private medical insurance sign-ups near-record high amid NHS backlog February 7, 2025 Nearly one in eight Britons now have medical insurance, a near-record high, as delays to NHS care drive customers to go private. The number of people with private medical insurance rose to a record high of 4.68M by the end of 2023, according to the latest figures from healthcare analysts LaingBuisson. But a total of [...]
SIPP pensioners are the most confident in a comfortable retirement February 5, 2025 Workers with a self-invested personal pension (Sipp) are the most confident their savings will pay for their retirement, research shows. Around 20 per cent of the over-55s have a Sipp, according to behavioural finance firm Oxford Risk. This group is the most comfortable that their pension will keep them comfortable in retirement. But those approaching [...]
Gold rush: Royal Mint says investors flocking to buy bullion before new tax year February 3, 2025 Gold bullion sales are soaring as investors seek to protect themselves against political and economic turmoil – and from capital gains tax too. The Royal Mint says its revenue from gold bullion sales rose nine per cent over 2024 to reach a new record high. These sales rose 153 per cent in the final quarter [...]
More than 10,000 millionaires have left Britain in a year – this is where they’re all going January 31, 2025 More than 10,000 millionaires left Britain last year, partly to avoid higher taxes – with many quitting for more glamorous destinations. In total Britain lost a net 10,800 millionaires in 2024, according to the New World Wealth (NWW) analytics firm, more than any other country except China. That is a rise of 157 per cent [...]
Savers get three-month warning over £50bn in maturing ISAs January 30, 2025 Savers are being urged to act as a huge £53.9bn in cash ISAs will mature by April, according to Paragon Bank. Paragon said that £36.4bn of that was held in one-year, fixed-term deals, which are almost certainly paying better rates than savers can get today. Derek Sprawling, savings managing director at Paragon Bank, said: “Over [...]
Nearly a million extra savers face shock tax bills January 28, 2025 Almost 1m more savers could be hit with shock tax bills this year, Shawbrook Bank has warned – unless they keep their cash in an ISA. More than 6m savers will pay tax on interest in 2025, up 800,000 from the number of savers who had to pay tax on interest last year. This is [...]
