Money

Stealth tax raid forces two million people into higher bands

Nearly two million workers have now been dragged into the higher rate income tax bracket since the Conservatives won the election. The number of workers paying 40pc or 45pc tax has soared from 4.25 million to more than 6.1 million today, HM Revenue & Customs figures show. It comes after the Treasury enforced a five-year …

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How to reverse unfair parking fines: Over half of appeals succeed

More motorists need to hold their nerve and appeal unfair parking charges. Money Mail analysis shows that few people contest their parking tickets. Yet they have more than a 50 per cent chance of success if they do. Keeping up the fight is more important than ever since the Government temporarily withdrew vital new rules …

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The ‘dull but lucrative’ degrees that will earn you the most money

With student loans leaving British graduates in tens of thousands’ worth of debt, the pressure is on for graduates to leverage their degrees into high-paying jobs as early as possible. Increasingly, a course’s value for money is seen through the lens of expected pay after graduation. New research has revealed the degrees that lead to …

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Where do income seekers invest as markets and inflation run wild?

Income-seeking investors had just started to see dividends recovering following the pandemic, but now face a fresh crisis as inflation takes hold and markets turn red. If, as is feared, a recession is next the situation will worsen as company profits flounder and some firms could go bust. Experts give their take on strategies income …

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The companies offering the highest salaries in the UK

Tech vs finance Young people at the start of their careers focused on making a six-figure salary may find themselves torn between finance and the technology sectors. These were almost neck-and-neck in Glassdoor’s data: while seven of the top 20 firms for average base salaries were in financial services, nine were tech firms. The tech …

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‘My cleaner stole my grandma’s jewellery and stuffed designer make-up down her socks’

Has a company treated you unfairly? Our Consumer Champion is available to help. For how to contact her click here. Dear Katie, One day in April I returned home from work just before lunchtime as I had a flight to catch that afternoon. My new cleaner, whom I had hired from online tradesman finder Taskrabbit, …

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We reveal real bargains in discount stores – and those to avoid

As the cost of groceries soars, households are looking to cut costs anywhere they can. Annual shopping bills are predicted to rise by £380 this year – an increase that millions of households will struggle to absorb. The discounters – the likes of Poundland, Poundstretcher, B&M, Home Bargains, Iceland, OneBelow, Savers, Aldi and Lidl – …

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Freeze on tax-free mileage means drivers will soon have to pay to work

Mileage Allowance Payments cover vehicle expenses such as fuel, vehicle maintenance, depreciation, insurance and road tax. But the cost of fueling a car alone now nearly covers the entire mileage rate. An Audi S8 fuel cost is 40p a mile before other costs are considered., while a Land Rover Discovery costs 33p a mile and …

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Huge tax bills for first-time buyers as house prices soar

More than a quarter of first-time buyers now pay stamp duty after house prices soared while tax thresholds stayed frozen. The surge in property prices has dragged thousands of buyers into higher tax brackets, and nearly tripled the number of first-time buyers paying stamp duty, new analysis shows. House prices in England have soared by …

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‘Gap in house prices and salaries will cause another financial crisis’

Homeowners typically have a gross annual income that is 29pc higher than that of private renters. Those on higher incomes also hold the bulk of the £180bn in additional savings British households accumulated over the pandemic. The new dominance of fixed-rate mortgages will insulate the market from much of the immediate pain of interest rate …

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