Lloyds Bank has confirmed that starting today (Tuesday, February 18), eligible customers can receive a £175 bonus payment directly into their accounts. This offer is open to both new and existing customers who sign up for Club Lloyds accounts and will run until April 1, giving people around six weeks to take advantage of the Continue reading
Sophie Wilson
Sophie Wilson is a finance professional with a strong academic background, having studied at the University of Toronto. Her expertise in finance is complemented by a solid foundation in analytical and strategic thinking, making her a valuable asset in the financial sector.
Adult Disability Payment 2025: Why Some Claimants May Need to Reapply for PIP
The latest figures from Social Security Scotland reveal that 374,655 people were receiving Adult Disability Payment (ADP) as of October. This devolved benefit has replaced Personal Independence Payment (PIP) for all new claimants in Scotland. Additionally, 80,272 Scots still on PIP are set to transition to ADP by Spring 2025, bringing the total to nearly Continue reading
Pension Credit Warning: What Older People Must Know Before Booking a Holiday Abroad
For over 1.4 million pensioners across Great Britain—including more than 125,000 in Scotland—Pension Credit provides a lifeline of financial support. This benefit, averaging £4,200 per year, helps low-income individuals over 66 manage essential living costs. However, if you plan to travel abroad this year, even for a short break, you must inform the Department for Continue reading
HMRC Warning: Millions of UK Households at Risk of Surprise Tax Bills on Gifted Money
Millions of UK households who have gifted money to family and friends could face unexpected tax consequences, as HMRC warns about inheritance tax (IHT) liabilities on certain financial gifts. While gifting money to loved ones is common, failing to understand HMRC’s seven-year rule could leave recipients with a hefty tax bill if proper planning isn’t Continue reading
Centrelink Payments March Indexation 2025: Australians Receive Higher Payments as Cost-of-Living Relief Kicks In
In a welcome financial boost for millions of Australians, Centrelink payments are set to rise in March 2025, ensuring income support keeps pace with inflation. Around five million pensioners and welfare recipients will see their payments increase as part of the government’s twice-yearly indexation adjustments. These changes will impact key payments, including: ✔️ Age Pension✔️ Continue reading
Shared Housing and the Age Pension: How Buying a Home with a Friend Could Impact Your Payments
As the cost of housing continues to climb, many retirees are exploring shared homeownership as a way to afford living in prime locations. But for Age Pension recipients, the big question remains: Will co-owning a home affect pension entitlements? Robyn, a pensioner from country Victoria, is considering buying a house in Melbourne with her long-time Continue reading
Millions of Australians to Receive Centrelink Payment Boost in March: Financial Lifeline Incoming
With inflation and the rising cost of living stretching household budgets across Australia, many Centrelink recipients are set to receive a much-needed financial boost. As part of the government’s March 20 indexation adjustment, payments will be increased to help Australians keep pace with rising expenses. This automatic indexation—one of four key adjustments made each year—will Continue reading
RBA Delivers First Rate Cut Since 2020—But Aussies Warned to Brace for Inflation Battle
In a long-awaited move, the Reserve Bank of Australia (RBA) has cut the cash rate for the first time since November 2020, offering much-needed relief to homeowners battling soaring mortgage costs. The central bank lowered interest rates by 25 basis points, from 4.35% to 4.10%, marking a turning point after years of relentless rate hikes. Continue reading
Australian Dollar Surges to Two-Month High Ahead of RBA Decision—Will the Rally Continue?
The Australian Dollar (AUD) hit a fresh two-month high of 0.6373 on Monday, gaining momentum ahead of the much-anticipated Reserve Bank of Australia (RBA) rate decision. The AUD/USD pair surged as risk sentiment improved, driven by a weaker US Dollar (USD) and easing fears over former US President Donald Trump’s trade policies. Investors are increasingly Continue reading
Australia’s Central Bank Delivers First Rate Cut in Over Four Years—But Warns of Economic Uncertainties
In a long-anticipated move, the Reserve Bank of Australia (RBA) has cut interest rates for the first time since November 2020, joining other major global central banks in easing monetary policy. On Tuesday, the RBA reduced its benchmark rate by 25 basis points to 4.10%, marking a significant shift after a prolonged period of rate Continue reading