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The Latest Breaking News from MoneyHelper

State Pension increase next month could mean half a million more people in retirement pay tax

Older people on the Full New State Pension will receive £10,600 over the next financial year.

Daily Record

New benefits calculator launches to help people find the financial support they are entitled to claim

The free online tool could help boost your income during the cost of living crisis.

Daily Record

State Pension increase from April could mean half a million more people in retirement will pay tax

Older people on the Full New State Pension will receive £10,600.20 in the 2023/24 financial year.

Daily Record

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read the most diverse news in one place.

10 pocket money dos and don’ts every parent should know

Children don’t come with a manual, but here are a few key things to keep in mind when you’re giving them their introduction to the world of money

The Guardian - UK

More than a quarter of people ‘expect to start 2023 in debt’, survey shows

Debt remains a taboo topic for some, with 23% of those polled admitting that talking about financial trouble would make them feel shame and 18% saying they would never confess it to anyone

Daily Mirror

More than a quarter of people ‘expect to start 2023 in debt’

On average, people expect that it will take 21 months to pay back what they owe, according to Tesco Bank.

The Independent UK

One sixth of adults ‘have no savings at all'

Alarm at number of people living without a financial safety net to cope with rising prices and unexpected bills

Wales Online

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People reaching State Pension age could be entitled to range of extra payments to help with cost of living

There are several benefits and support schemes out there to help older people with living costs

Chronicle Live

Second mortgages: lending soars as Britons struggle to pay off debt

As the cost of living crisis grows, homeowners are borrowing more on top of their existing loan. But it can be costly

The Guardian - UK

Financial watchdog urges consumers struggling with rising prices to seek help

Sheldon Mills, executive director of consumers and competition at the FCA, told the PA news agency the organisation and lenders have to be proactive.

The Independent UK

The last two recessions hit young people hardest – here's how you can protect yourself for the next one

After the pandemic and now a cost of living crisis, it seems unthinkable that the economic situation could get worse. But experts are pretty certain that the UK economy will flatline in 2023, and some are even murmuring that a recession could happen this year.

The Conversation

Seven signs of money worries to look out for with a loved one, friend or colleague

Money worries can take over people’s lives and affect their mental wellbeing.

Daily Record

More than half of people with recent mental health issues feel anxious about managing money

Mental Health Awareness Week is highlighting support available for people worried about handling their finances.

Daily Record

57% with recent mental health problems ‘feel anxious about money’

The Money and Pensions Service is urging people to get help as soon as possible to avoid problems spiralling out of control.

The Independent UK

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