My wife says this is not the case. Which of us is right? T.D., Leeds
Simon Moon from This is Money replies: Lottery winnings are not regarded as income by HM Revenue & Customs so there is no income tax to pay even on the £56.5m collected by recent Euromillions winner [...]
Listed below are the ten areas with the highest proportion of uninsured driver convictions. With uninsured driver accidents becoming an increasingly big problem for both motorists and insurers, price comparison website Moneysupermarket.com analysed almost 3 million car insurance quotes over a year and identified the places with the highest convictions. [...]
We haven't found the right property yet, but ideally will want to move before I give birth. Our mortgage would be dependent on both our incomes, which are about equal. Obviously, I'll take take maternity leave, but I do plan on returning to work. From our point of [...]
The Internal Revenue Service, or IRS, has created many methods of filing to make it easier for taxpayers. A filer can choose to either mail the tax forms in or send them electronically, known as e-filing. Previously, a user could submit their tax return by telephone, utilizing Telefile, but this service has been discontinued as [...]
They could be stranded abroad or lose their holiday, but have no claim for compensation.
In the past two years, more than 60 airlines and travel companies have failed, leaving thousands of holidaymakers' plans in jeopardy.
More than a third of summer holidays are booked in January and February, but consumer legislation covering them [...]
That leaves many savers, especially pensioners, desperately seeking ways to boost their income.
Worryingly, there is growing evidence that banks are exploiting the situation to sell complicated and sometimes highly risky investments.
They might be funds investing in world stock markets or complex 'structured products' where returns are 'guaranteed' only if an array of conditions are [...]
To the outside world, there was nothing remarkable about Renukanth Subramaniam.
The 33-year-old loner kept a low profile as a Pizza Hut chef and sometime courier, spending his days in internet cafes and nights on friends' sofas.
But yesterday the former asylum seeker was unmasked as the mastermind behind a £100m fraud that threatened every bank [...]
The price of crude oil sailed through $80 this week and was a whisker away from cracking $82 this afternoon. It's higher than at any time in 2009. And it could be about to go higher. Everywhere from the US to Northern Europe to China is facing appalling weather conditions. That means [...]
The Sage of Omaha's company Berkshire Hathaway recorded its worst share-price performance since 1999 when measured against the gains registered by the benchmark Standard & Poor's 500 Index.
The firm's New York Stock Exchangelisted shares advanced 2.7% in a year when the S&P 500 gained 23%, according to analysis by financial data firm Bloomberg.
Berkshire has [...]
There was a 60% rise in claims during the last Christmas and New Year as the freezing temperatures caught many homeowners on the hop.
During December 2008 and January 2009, more households claimed for damage caused by 'escape of water' than for either fire or theft, according to insurer Axa.
Yet research by the insurer shows [...]
© 2008 Daily Financial News