Telegraph Money Profile picture
Our aim is to inform with the best money advice and fight for readers' rights. Email money@telegraph.co.uk
Nov 17, 2021 7 tweets 2 min read
💳Amazon customers will be blocked from using Visa cards in the UK.

❌The dispute relates to transaction fees charged by the credit card brand

Thread 👇

telegraph.co.uk/personal-banki… 🔴Millions of Amazon customers will be unable to make payments next year after the online retailer banned Visa credit cards in the UK.

The ban will come into force on January 19
Nov 16, 2021 9 tweets 3 min read
'I quit journalism to become a vicar'

💼The pandemic has prompted thousands of workers to hand in their notice and forge a new career path

#Thread 👇

telegraph.co.uk/money/consumer… Vicar-in-training Dominic Toms is part of a phenomenon being described as "the Great Resignation".

Some, like Mr Toms, who left a career in the media for a life with the Church, have pursued an entirely new path
Nov 15, 2021 8 tweets 3 min read
🏘️Millions are at risk of their homes being sold under their noses as property title frauds rise.

Official figures showed 99% of property owners have not signed up to vital safeguards which help to protect their homes from crime

Thread 🧵👇
telegraph.co.uk/money/consumer… Image Only around a quarter of a million of Britain’s 29 million homes are registered with the Land Registry’s anti-fraud “property alert service”, launched in 2014
Oct 5, 2021 6 tweets 3 min read
💻 Cyber security has become a part of everyday life, with high-profile attacks now a regular occurrence.

But not all hackers use their skills for evil.

Ethical "white hat" hackers fight the fraudsters – and some earn big money doing it.

~ a #thread 👇 telegraph.co.uk/money/consumer… "We cover the whole domain, from searching for vulnerabilities to conducting research to infiltrating cyber crime gangs," says 35-year-old Mantas Sasnauskas (@Lexcor1), who leads a group of four ethical hackers at @CyberNews
Oct 4, 2021 8 tweets 4 min read
Boris Johnson and Rishi Sunak have refused to rule out further tax rises, prompting fears they're prepared to break their manifesto pledge again.

Tory backbenchers have warned that raising taxes becomes counterproductive – but is it?

~ a #thread 👇 telegraph.co.uk/tax/income-tax… The relationship between tax rates and tax revenue is symbiotic.

Increasing rates will increase revenue, but this calculation has a limit.

Once the rate gets too high, it becomes prohibitive and begins to discourage work and investment…
Sep 10, 2021 8 tweets 4 min read
❓ Are you a recent graduate?

Then you'll lose more of your salary to taxes than working pensioners who earn twice as much, thanks to Boris Johnson's National Insurance levies.

Here's a #thread of what you need to know 👇 telegraph.co.uk/tax/income-tax… 🏥 First, some background: Boris Johnson has announced a 1.25 percentage point National Insurance (NI) hike to fund landmark reforms of England's adult social care system and a backlog of NHS appointments telegraph.co.uk/tax/income-tax…
Sep 3, 2021 6 tweets 3 min read
💷 Taxpayers will pay hundreds more every year in National Insurance contributions under bombshell Government plans to raise rates as a means of funding social care, @Telegraph has revealed.

But how much will you pay?

Here's a #thread 👇 telegraph.co.uk/tax/income-tax… Boris Johnson is expected to abandon the Conservative manifesto pledge not to raise income tax, VAT or National Insurance, and has plans to raise the main rate of NI by 1 or 1.25 percentage points to ease the care crisis…
Jun 21, 2021 9 tweets 4 min read
💷 Treasury officials are drawing up plans for a pensions tax raid to help pay for the UK's pandemic spending, including reducing the lifetime allowance.

❓ How will it affect you and how can you beat it?

Here's what you need to know (a #thread 👇) telegraph.co.uk/pensions-retir… 1️⃣ A raid on pensions tax relief

Tax relief is paid at a person's marginal rate of income tax as an incentive to save money, but Rishi Sunak is considering limiting tax relief on pensions contributions to 30%…
Jun 10, 2021 8 tweets 3 min read
❌A retirement crisis is set to hit over 5 million older workers.

Nine in 10 workers will not be able to afford a comfortable retirement - as they will fall short of an “adequate” income once they leave work.

~ Thread 🧵
telegraph.co.uk/pensions-retir… 🔺Millions of over-50s planning to retire could be pushed into poverty and financial insecurity - a situation that has been worsened by the pandemic.

🔺Over 90% of private sector workers will not be able to afford a comfortable retirement, according to Pensions Policy Institute
Mar 2, 2021 12 tweets 6 min read
❓ How can you protect your money from rising inflation?

Experts believe once lockdown is eased, a wave of consumer spending could send inflation soaring.

High inflation can have a devastating impact on people's finances, so what to do?

~ a #thread 👇 telegraph.co.uk/money/consumer… Savings boomed in 2020 👇

Economists believe that inflation will rise as Britain comes out of lockdown and pent-up demand in the economy is unleashed.

If they're correct, this could have a big impact on investors…
Nov 3, 2020 8 tweets 5 min read
~ a #thread 👇

Thinking about changing jobs?

If you're one of the many people who see the pandemic as an opportunity to reboot their career and take it a new direction, then we've got six things you need to consider first telegraph.co.uk/money/consumer… 1️⃣ Which sectors have the most jobs?

Fewer vacancies are being posted everywhere this year, but hiring is picking up in construction, education, logistics, healthcare and property 👇

Finding a job in catering, hospitality and marketing, however, will be more challenging…