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Slashing cash Isa allowance will make investing seem like a booby prize - it's far from

Whatever reason you're investing - or could be convinced to - I'd guess it's not to drive economic growth. Yet, that's precisely what Rachel Reeves wants us to do. Speculation is mounting that Rachel Reeves may curb the cash Isa allowance as early as the next tax year. She sees tax-free cash nest eggs as an opportunity to create more growth by putting them to work in the stock market. Unfair on cash Isa savers, yes. But also, a disservice to investing.

The tariff would save the average household £207 from April - and deals are available from other suppliers, too.

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'Bank of Dave' boss DAVE FISHWICK reveals his best financial decision

Dave Fishwick set up the 'Bank of Dave' 14 years ago - the first new bank to open in Britain for 150 years. The story of how he fought opposition from the High Street banks to open Burnley Savings And Loans, with the help of his right-hand man David Henshaw, has been turned into two hit movies on Netflix - Bank Of Dave and Bank Of Dave 2 , both starring Rory Kinnear. He shares the story of his financial life, and how he tries to keep his feet on the ground - apart from when he is flying his helicopter...

Simon Lambert has skied and snowboarded for almost four decades, in Europe, North America and even New Zealand, but had never been to Norway until now.

Home buyers looking to secure the cheapest possible rates on their mortgage might want to consider buying an energy efficient home.

Patrick Derrane has just cancelled cover after his insurer refused to pay out when his nine-year-old schnoodle, Ted, was hit by a car, leaving him with a £1,000 bill.

Ask me one of the biggest mistakes you could make when you file for divorce and I'll say it's this. I've witnessed the cost when both parties contest - it runs into tens of thousands of pounds.

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DON'T MISS

The reason Donald Trump is making a meal over the price of the humble egg

Donald Trump might argue that a shake-up of the economic world order is needed for the US economy to reach its full potential, and that there is bound to be some short-term pain involved. In other words, you can't make an omelette without breaking eggs. But for a President who has hung so much credibility on his economic prowess, this is far from an ideal scenario.

Posh London postcodes see surge in US house-hunters - including 'Donald dodgers' seeking

Others, regardless of political affiliation, are simply attracted by a bargain. For dollar buyers, high-end London property is 43 per cent cheaper than in 2014, according to the latest Wealth Report from estate agent Knight Frank. In 2024 house prices in Belgravia, Knightsbridge and other posh parts of the capital slipped by 2 per cent, according to separate data from rival agency Savills. Prices ended the year 20 per cent below their peak in 2014.

Offering scope to for an imaginative developer, The Old Mortuary would have serviced locals during the Second World War.

Fancy a fixer-upper? Four dust-covered classic cars salvaged from garages after 40 years

Four 'garage find' vehicles - all of which have been locked away for years without use - will be offered to the highest bidders at the end of March. Here's how long each has been off the road for...

With prices typically cheaper than well-known mainstream car firms from Europe, Japan and Korea, should you be seriously thinking about buying a Chinese car now?

The popular brand has been wielding the axe on some of its most recognisable combustion-engine model names in recent years as part of its ongoing efforts to switch to EVs.

Defence stocks are soaring in value, but ignore the big guns and cash in with our finance

Lambasting Ukrainian president Volodymyr Zelensky, wading into the Middle East, slapping tariffs on neighbours - Donald Trump seems happy to defy rules and norms. It has all the signs of a dangerous cocktail, and defence stocks are soaring as European nations pledge to increase spending on protecting their interests. Scattered across the stock market, however, are some hidden gems whose promise has yet to be recognised in the new world order...

Interactive Investor says the number of Isa millionaires has increased from 1,001 at the end of January 2024 to 1,607 by the end of February.

My dad is going to gift me £90,000 to sidestep inheritance tax - will I still be able to

My father has decided to give some money away now to me and my sister and will give us £90,000 each, which he said he would like to go straight into a pension, as neither of us have much retirement savings. I am a dad of two children under 10 and a single parent, so have a low income as I cannot work full-time and get some Universal Credit.

EXCLUSIVE

Our readers blast long waits and lost payments. Jan Wright, pictured, was told by the DWP it would take six months to increase her state pension.

Santander Work Café has free meeting rooms - HELEN KIRRANE visits and asks: Can coffee

High Street Kensington has a new coffee shop. But what's different about this one is that it's a bank branch with a café attached… or should that be a café with bank branch attached. Santander has launched its Work Café concept in London and I hotfooted it down there to see what it's like and ask: can coffee help revive bank branches, of which numbers are down 64 per cent in 10 years.

With owner Walgreens' sale to another private equity owner, the best that can be hoped is that Boots is set free without being loaded with debt, as soon as possible.

Now Schroders urges Reeves to cut cash Isa limit - but building society tells Chancellor

Schroders boss Richard Oldfield (left) said the £20,000 upper limit for investing in a tax-free cash individual savings account should be reduced - amid pressure by fund managers to divert more of the money into shares. Chancellor Rachel Reeves is being lobbied by the City to change the rules ahead of her mini-Budget this month in a bid to boost growth.

Deciding which fund to invest in can be a challenge when managing your own portfolio. Expert Tom Stevenson explains what to look for and where when picking investments.

With a £1,000 stake alone at the turn of the millennium, investors in IA North America would have returned £5,964, compared to cash Isa growth of just £2,016.

Seven in 10 mortgage brokers expect interest rates to rise again by January 2026

The majority of mortgage brokers expect interest rates to be higher by the start of next year. More than two thirds of mortgage brokers, from a 300-strong survey, believe that the Bank of England base rate will be higher than the current level at the start of 2026. The survey, commissioned by Butterfield Mortgages, found that more than a quarter of brokers think base rate will be back at 5.25 per cent, returning to its peak back in August last year.

House prices fell by £213 on average in February, according to the mortgage lender, with the typical home now selling for £298,602.

House sales are taking more than three months on average to complete - and in some areas that rises to nearly five.

Best homes for sale in Greece: As Britons flock there, here are seven sun-soaked

As well as a cheaper cost of living and low taxes, Greece offers a golden visa for those investing in property in the country. It is no surprise Britons are flocking to Greece to retire or enjoy a better work life balance. This is Money reveals seven properties up for sale across Greece to suit a number of different budgets.

So far trading has been very erratic and I am currently doubtful the property will even actually qualify as a furnished holiday let.

Mortgage applications can go wrong for all manner of reasons, throwing property purchases into disarray. Here are some common errors and how to avoid them.

John Lewis staff bonus at risk as Budget tax hikes hit High Street

The department store and Waitrose owner faces 'tens of millions' in extra overheads this year due to increases to National Insurance, business rates and the minimum wage. It is feared the increased costs will mean another year without a bonus for the partnership's 65,000-strong workforce. The High Street has been reeling since the Budget in October when Rachel Reeves announced £40billion of tax hikes - including a £25billion rise in National Insurance - and an inflation-busting increase in the minimum wage.

Nigel Higgins made the remark when Bailey - now governor of the Bank of England - led the Financial Conduct Authority in 2019, a London tribunal was told.

Holt's Military Banking serves 33,000 military personnel, who may need a bank that can cater to their needs whether they are deployed overseas or at home.

As investors grappled with a changing world order under Donald Trump, the ECB cut rates in the single currency bloc from 2.75% to 2.5%.

With defence spending set to kickstart manufacturing, it's time to cash in on rebirth of

These are tense times for investors as conflicts and geopolitical tensions rock global stock markets. But against this nerve-jangling background, 'securonomics' provides a glimmer of optimism. These are policies that aim to make Britain not only more secure now, but also more resilient against future shocks. Defence spending is to be raised from 2.3 per cent of GDP to 2.5 per cent by 2027. The measure will be worth an extra £6billion a year, and there are hopes that this strategy could also bring wider benefits for UK plc, fostering a reindustrialisation of our nation. The challenges may be huge, but the new higher defence budgets could be the spur to ground-breaking innovation.

Finance expert Joanne Hart reveals how investing in defence firms that provide crucial support for drones, helicopters and submarines can safeguard your funds in a dangerous world.

The energy price cap rise is less than a month away: What can you do to beat it?

Households will pay even more for energy when the price cap changes next month thanks to continuing volatility in the market. Ofgem has announced that prices will rise to their highest level in a year in April, pushing energy bills higher at the same time other taxes are expected to soar. Suppliers are offering generous fixed and tracker deals to beat the April price cap, but with the price cap potentially falling again in July, is it a good idea to take one?

Volvo's new EV gunning for the Tesla Model 3: Swedish brand unveils £70k ES90 that can add

Swedish car giant Volvo has moved into the electric saloon space with its new luxury ES90 executive EV. With a range of 435 miles and ultra-rapid charging that gives you 186 miles in just 10 minutes, as well as a super-plush interior, will it be more popular than German EV saloons and Elon Musk's Teslas?

We found a secret Freemasons gold ring belonging to my late dad... is it valuable? DAN

We now believe our dad was a secret Freemason and wondered if his mysterious golden ring is worth a fortune. We have never come across one like this before. We have weighed it and it comes in at 7.9 grams.

The price hikes come in the wake of plans to remove second class deliveries on Saturdays and reduce deliveries to two or three days a week.

I kept the game from my childhood and it was in good condition - so it is very rare and hard to replace. I suspect it was stolen.

Private parking firms make requests for car owner data from DVLA every two seconds

Private parking businesses are requesting access to vehicle ownership data to help them issue tickets every two seconds, new data shows. This equates to approximately 43,000 requests for vehicle ownership information by private parking companies every day. In total, private parking firms across Britain made a record 7.7million requests to the DVLA for vehicle keeper records in the first six months of the 2024/25 financial year.

The SMMT said the growth in demand was 'unsurprising' as private buyers brought forward EV purchases to avoid Labour's tax changes coming in two months' time.

I lost my daughter to cancer but Aviva won't hand over her £37,600 pension: SALLY SORTS IT

My last surviving daughter died of cancer aged 56 last May and I have been sorting out her affairs as executor. Most organisations have been helpful, but I am hitting a brick wall with Aviva over her pension. I have asked if most of the policy can be paid to her two brothers. But nothing gets done.

The annual rise will not kick in all at once, because the state pension is paid four weeks in arrears and on different days of the week. Here's what you need to know.

As long as you get a payment or callback request in by 5 April. you can buy missing years going back to 2006/07. After that you can only go back six years.

Would you invest in credit for an 11% return? CVC Income and Growth manager on the

Would you invest in credit for an 11 per cent annual return? That sounds like a risky proposition but Pieter Staelens, portfolio manager of CVC Income and Growth, argues that his investment trust can be a defensive option that spreads risk. he joins Simon Lambert to explain more about the little-known world of credit investing

EXCLUSIVE

The end of the tax year is looming large on the horizon, which means the mad scramble to use our annual Isa allowance before April 5 has begun.

How much money can I withdraw over the counter from my bank in one go?

How much money can you take out from your bank at the counter? And can you just turn up to your bank to take it out or do you need to call ahead and give notice? We asked six major high street banks, the Post Office and two digital banks.

I am 70-year-old man, single, and in reasonable health for my age. I do not have any siblings and would like to give the bulk of it to charities on my death.

Tesco has partnered with Easyjet to offer members who book a holiday a points boost, with the offer running until 13 April.

Nationwide drops HUGE hint about £100 bonus - how to make sure you get it

Britain's biggest building society offered a heavy hint to members on Monday that it will once again offer members a £100 Fairer Share payment. In an announcement about ditching its £175 switching bonus, Nationwide said it 'intends to make the [Fairer Share] payment annually, providing it would not be detrimental to the Society's financial strength'

Nationwide is warning that rates on five major credit cards - Member, Select, Nationwide, Gold and Classic - will see costs leap in April.

I bought 239 Land Rover Defenders before production ended in 2016 and made millions

Having stored the vehicles in a barn while values rocketed, some 210 of the Defenders have been modified into Twisted vehicles before being sold at a premium. In September 2022, the company announced the 'final' 16 models from the haul would be available at prices up to £222,000. That's an 800% mark-up on what they cost him in 2015. In an exclusive interview, Twisted's Charles Fawcett explains how the deal came about, JLR's attempts to block the order and how many 'new' Defenders he still has bunkered away.

The majority of drivers are breaking the law by travelling with unrestrained dogs in the car, a new survey has found. It can result in a big fine and points.

Why do I need MORE than the average salary for a comfortable retirement? STEVE WEBB

Even including the state pension, I can't understand how many people can get an annual pension income which for many is far in excess of their salary during their working life. Even generous final salary schemes are not that generous. How can people save sufficiently to provide an income in retirement which they cannot even earn in salary? What am I missing? Is the answer that you can only have a comfortable retirement if you are a higher earner during your working life?

Some 41% of men are prepared to contest a will if they believe they deserve a larger share, compared with just 30% of women, the survey for law firm Lime Solicitors found.

From 1 April, the rate of pay for approximately 50,000 in-store customer assistants will increase from £12 an hour to £12.60 per hour, M&S said.

Save hundreds by beating Bill-mageddon! From water to council tax - the SIX big bill hikes

Over half a dozen major household bills set to rise this April meaning millions of households will be forced to pay hundreds - or even thousands - of pounds a year more. It comes at a time when millions are already feeling the squeeze, with the cost of living rising at 3%. But you don't have to take the bill hikes lying down. Follow Money Mail's action plan to fight back and survive this dreaded 'bill-maggedon'.

On top of coping with higher interest rates, borrowers now face an average arrangement fee of £1,129 on fixed rate mortgages according to rates monitor Moneyfacts.

We're travel experts - here's your ultimate guide to moving to Cyprus, from tax-free

Retirees have long loved its laid-back Mediterranean pace - and we've spoken to estate agents, legal experts and local residents to bring you the ultimate guide to moving to Cyprus.

The likes of Taylor Wimpey, Persimmon, Barratt Redrow and Vistry have seen share prices battered - but will things get better from here?

EXCLUSIVE

The number of properties sold by landlords to owner occupiers spiked at the start of this year, according to data shared with This is Money.

Four top savings accounts I love - because the rate WON'T plummet, says SYLVIA MORRIS

Savers looking for a top easy-access account need to watch out. The best deals may look similar but new tricks used by providers mean that beneath the surface they couldn't be more different. Providers hope you will be pulled in by an enticing rate - often northwards of 5% - without looking at what hoops you must jump through to earn it.

Best stocks & shares Isas: Pick the right investment account

Choosing the right DIY platform is crucial but a wealth of choice and a variety of charges can leave investors scratching their heads. We pick some of the best. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.

Fixed mortgage rates are continuing to fall back from their summer peak, with a number of fixed rates deals now less than 5 per cent.

If you are planning on investing, or just want to know more, we tell you the 10 essential things to consider for a successful buy-to-let investment

We pick our five favourite cash Isas for savers. This is essential reading to help you choose a top savings account for your money that can also protect you from tax.

We asked trusted experts to recommend the best funds that cover different investment sectors - and included This is Money's selection of active and passive options too.

Premium Bonds Winners

Prize Area Value of bond
£1,000,000 Cumbria £35,000
£1,000,000 Cleveland £100
£100,000 Highlands And Islands £5,000
£100,000 Leicestershire £1,289
£100,000 Hertfordshire £50,000
£100,000 Kent £50
£100,000 Sefton £10,000
£100,000 Leicestershire £50,000
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