Finance in the News – w/c 26.07.21

Short summaries of recent articles we think you will find useful from some of the UK’s broadsheets.

FINANCIAL TIMES

“Staycation boom drives surge in holiday lets companies”
Second-home owners are cashing in as overseas travel restrictions boost UK destinations.
“Savers seeking to keep early access to pension pots face 2023 deadline”
Investors must act to protect rights, as government plans to raise minimum access age from 55 to 57.
“Will one of my children pay more inheritance tax than the others?”
Your Questions: I have made generous financial gifts to my three daughters over the years.
“Five tax threats to your pension”
Tax relief on retirement savings looks to be ‘low hanging fruit’ for a chancellor desperate to balance the books.
“How to teach your bored teenager about investing”
One-minute TikTok videos are an unreliable source of financial advice for young people. How can parents do better?
“Beware the siren call of investment advertising”
Whether it’s crypto or equity funds, savers must read the fine print and weigh the risks.

THE TIMES

“The tax breaks that are making electric cars cheaper than petrol”
If you pay through your job you can get at least 30% off a greener model
“I’m living in a hut: how Covid forced a retirement rethink”
The financial turmoil has caused anxiety, but helped many to realise what they really want in old age.
“14,000 savers offered escape from NS&I bond interest fiasco”
NS&I has given 14,400 savers the option to cash out of their fixed-rate savings bonds without paying a penalty after it failed to inform them of changes that could trigger a hefty tax bill.

THE TELEGRAPH

“Yields of 12% on offer as British dividends rebound”
Miner Rio Tinto led the way and its dividends are forecast to continue rising.
“Landlords’ trolley dash before stamp duty savings disappear”
81% of homes sold to investors in June were under the new £250k nil-rate threshold
“Investors urged to buy gold as inflation surges higher”
The precious metal is still the best inflation hedge – and it’s on sale.

THE GUARDIAN / OBSERVER

“School’s out! Enjoy the freedom without breaking the bank”
Making sure children have fun is a challenge. Here’s a guide to keeping them busy on a budget.
“What are the best debit cards for your kids to spend safely?”
From the new HyperJar service to 1.5m member-strong gohenry, pocket money apps are booming. The Guardian assess how they stack up.

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Source: https://www.techlink.co.uk/