MoneySavingExpert News
October 2021

Autumn Budget 2021: Concerns raised over potential moves to raise the 0.75% charging cap on pensions
The Government said it is to consult on possible changes to the 0.75% cap on pension fund charges, potentially raising the ceiling so that the funds can be used to invest in more expensive projects, such as renewable energy.
27 October 2021

The Chancellor, Rishi Sunak, has delivered his eagerly-anticipated Autumn Budget to the House of Commons, setting out the Government’s financial strategy. Key measures that have been announced include a cash boost for in-work Universal Credit recipients, a shake-up of the levy on alcohol, and a cut to air duties on flights within the UK.
27 October 2021

Millions of workers on Universal Credit will get a cash boost by 1 December, Chancellor Rishi Sunak has announced in his Autumn Budget. The taper rate, which is the amount Universal Credit payments are reduced by when you're in work, will fall from 63% to 55%. In addition, the amount households with children or a limited capacity for work can earn before they're hit by the taper rate will rise by £500/yr.
27 October 2021

The Treasury has launched a new Green Savings Bond that will be welcome news for those wanting to support green projects but the bond only pays interest of 0.65% a year, which is far below the top-paying three-year fixed savings deals. MoneySavingExpert.com founder Martin Lewis has branded the rate "pants".
26 October 2021

The national minimum wage paid to workers aged 23 and over will rise from £8.91/hr to £9.50/hr from 1 April, the Government has announced. This represents an increase of 59p, and an extra £1,000/yr if you work full-time. The national minimum wage for workers aged under 23 and apprentices will also rise.
25 October 2021
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