savings
UK kids are becoming financially smarter and more entrepreneurial, as they learn to rely less on pocket money from parents who, in turn, have been hit by the continuing rise in the cost of living. More children are turning to traditional income-generating schemes, such as babysitting and doing extra chores for grown ups, while others have come with sparkling alternatives, such as glitter tattoo-making. According to a survey of more than 300,000 children by the NatWest Rooster Pocket Money Index 2023/2024, earning, spending and saving behaviour among children is changing faster than ever. Child...
Euronews (English)
Pension planning has been a key topic in the last few months, amid the current economic uncertainty involving higher interest rates, rising inflation and the cost of living crisis in many countries. This has left some workers wondering if they are saving enough for their pensions, and if not, worrying about how to attain their retirement goals in a sustainable and comfortable way. This, in turn, has resulted in the rise of a variety of financial and pension planning rules, concerning how might be the best and most efficient way to apportion your money. According to various financial experts, t...
Euronews (English)
As the cost of living crisis continues to sweep through most European countries, several workers have seen their savings and pensions erode, including retirement savings. This has also led to many being forced to increase their retirement ages, in order to make up the gap and be able to stay afloat in an increasingly uncertain economy. A new study by AgeCalculator.com, using Organisation for Economic Cooperation and Development (OECD) data gathered from between 2000 and 2020, shows that retirement ages in several European countries have risen significantly during this period. Bulgaria takes th...
Euronews (English)
The end of the financial and tax year, 5 April, is upon us which means it's also the deadline for using up your Individual Savings Account (ISA) allowance for this year. An ISA is a way of investing or saving funds without having to pay taxes on the interest, dividends or capital gains received on that amount. The total amount allowed is capped at £20,000 (€23,339.7) for the year. Currently, basic-rate taxpayers can take £1,000 (€1,1700) in tax-free interest through their Personal Savings Allowance, while higher-rate taxpayers get a limit of £500 and additional rate taxpayers do not have any t...
Euronews (English)
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