Many people face troubles in paying their IRS debts and the back taxes. If you have not been paying your taxes for a long time, the government can take your home, car or many other valuable things to recover the previous dues. If you are facing similar problems, it is time that you should look […]
But investors considering dipping their toes into the murky waters of the currency markets should beware – this is a high risk game where any number of factors can swiftly turn a fortune into a loss.
Investing correspondent Philip Scott, investigates the world of the currency trader and explains the risks.
The fate of the pound has […]
These are: All security holdings to be sold; all holdings transferred into my name; part sold and part transferred.
We would like to try and make the most of this money - she has £6,000 in security holdings and a £19,000 lump sum.
Please can you help as this money was at the cost of […]
Des Hamilton, technical director at the Pensions Advisory Service, replies: Different rules apply according to when a woman becomes widowed. In your case, there are three choices available. You can:
1. Claim your state retirement pension at age 60. This will be based on your national Insurance (NI) contribution record, your late husband’s NI […]
Borrowers who pay fees of more than £300 to so-called ‘claims management companies’ – who claim to be able to clear borrowers of all their debts – have also paid several hundred pounds more for the right to earn commission by recruiting more customers.
In a disturbing new twist to the burgeoning clear-your-debts market, This […]
In the heady days of the property boom securing a mortgage often simply involved a quick hunt online, a phone call and filling in a form.
But with lenders tightening their criteria, demanding bigger deposits and cherry picking the best borrowers, potential homebuyers or remortgagers now need to put in some hard work.
The good news […]
Audit Commission chief executive Steve Bundred, who oversees public sector spending, said that without drastic action, the sheer scale of Labour’s borrowing would lead international investors to pull the plug on the UK.
In a rare criticism of government economic policy, Mr Bundred said that planned levels of borrowing would mean debt would exceed 65% of […]
Due to an oversight the 2007 maturity date was missed and a cheque paid rather than being re-invested.
Where do I find information on the available Treasury stock in which it is possible to invest and is it still a good idea? A.K., Peterborough, Cambridgeshire
Spencer Winfield at stockbroker Charles Stanley replies: […]
The average home has fallen 15.1% over the past year, leaving property prices back where they were before banks abandoned income multiple-based lending rules for affordability calculations.
The 0.8% slide in prices in January left the average property worth £156,753.
The switch to affordability calculations began in mid 2005 and gathered pace at the end of […]
Simon Moon from This is Money replies: Once upon a time a group of bankers hit upon a great idea for making money. For a while it made some of them very rich indeed. But then it all went horribly wrong and millions of people around the world suffered as a result.
That’s […]
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