Simon Moon from This is Money replies: Savers who wish to avoid tax by putting savings into a cash or stock-and-shares Isa do not have to be British citizens.
One of the chief requirements is that you are 'resident and ordinarily resident in the UK for tax purposes'.
This confusing piece of HM Revenue & Customs [...]
Royal Bank of Scotland and Lloyds Banking Group have seen a huge increase in complaints about overcharging, hikes in credit card rates and mis-sold insurance policies, according to figures from the independent Financial Ombudsman Service.
The taxpayer owns 41% of Lloyds Banking Group after pumping in £23bn, and 84% of RBS after putting in £45.5bn.
The [...]
With around half of the ballot counted yesterday, 93% had voted 'no' over whether to repay the billions owing to both Britain and Holland.
About 400,000 savers had deposits with online savings bank Icesave and were compensated by the two governments.
Chancellor Alistair Darling said yesterday it would take many, many years for Britain to be [...]
Before anyone can be allocated funding for their care, an assessment must be carried out by a team of medical experts employed by the health authority. A national framework, which was revised six months ago, is supposed to ensure uniformity. There are 12 tests, known collectively as the decision support tool. On [...]
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 [...]
Figures published earlier this month indicate that there are 2.8m workers who have been put on short-time working or have had their overtime cut, and many are trying to make up the shortfall.
Kate Philip, a chartered financial planner with adviser Independent Women in Edinburgh, says: 'We are seeing more clients with [...]
British Gas and ScottishPower both recently posted bumper annual profits. Although British Gas did cut prices this month, any hopes of an ensuing price war have been crushed. Only one other provider, First Utility, followed suit.
Experts believe that other firms are delaying price cuts until the expensive winter bills have been paid, which means [...]
Financial Mail has learnt that a 'severe shortfall' is predicted between the sum savers poured in - and which it is supposed to return, plus interest, at the end of a fixed term - and the value of the company's assets.
It is expected that investors who receive regular income will cease to get [...]
The numbers Figures from profits at British Gas came within the results reported by parent company Centrica. Across the whole group, Centrica made £1.86bn in the previous 12 month 7% lower than the year before. But the losses were eased by a whopping 58% spike at from British Gas' residential supply business [...]
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. [...]
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