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Martin Lewis has explained a ‘massive tax trap’ which could hit anyone with a pension. The tip was highlighted today by his Money Saving Expert site which published a video showing the personal finance expert on his show previously.He illustrated the potential problem with a £10,000 example and explained if you do it wrong you will actually pay £150 or £300 of it straight to the government instead of getting it yourself - with it rising proportionally depending on how much is taken out.Currently people can access money from their pension from the age of 55 - although this is generally advised against doing this too early as it could impact on how much pensions people have to live on later. Mr Lewis explained: “Taking money out of your pension. Now you can just leave money in your pensio...

Vivre à deux, que l’on soit en union libre, pacsé ou marié, implique généralement la mise en commun d’un certain nombre de dépenses du quotidien. De nombreux couples choisissent d’ouvrir un compte joint, au nom de « X ou Y », pour les régler. Dans la pratique, chacun des deux membres du couple peut réaliser seul des opérations au débit ou au crédit du compte. Du côté des moyens de paiement, le couple peut demander un chéquier sur lequel figurent les deux noms, et deux cartes bancaires, chacune étant toujours personnelle. Explications | Article réservé à nos abonnés Le compte joint, un outil pratique à manier avec prudence Lire plus tard Dans quelle banque détenir son compte joint ? « Pour limiter les frais, il peut être ...

Check out what's clicking on FoxBusiness.com. Between her hard work on the court as a WNBA superstar, and her duties as a mother at home, Breanna Stewart needs some caffeine throughout the day to keep her going. But Stewart isn’t just drinking any coffee to get her fix — she’s partnered with a brand that is perfect for the pro athlete she is.Stewart has joined Throne SPORT COFFEE, becoming the first female athlete to partner with the brand that prides itself on being much more than just a coffee provider. It has natural caffeine, 100% daily value of vitamin B and is NSF Certified for Sport. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM WNBA star Breanna Stewart became the first female athlete to partner with Throne SPORT COFFEE. (Throne SPORT COFFEE / Fox News)Beverag...

FOX Business reporter Jeff Flock reports on mortgage rates falling to their lowest level since February 2023 as President Donald Trump pushes efforts to make homeownership more affordable on 'Varney & Co.' Despite mortgage rates just dipping below the 6% mark, American homebuyers aren't retreating just yet. While high mortgage rates have historically chilled demand, the latest data reveals a defiant consumer base: new home sales remain higher than year-ago levels, and a massive surge in refinancing suggests homeowners are pouncing on any slight dip in borrowing costs.Recent data from the Census Bureau reveals that while new home sales dipped slightly by 1.7% in December, the market remains surprisingly resilient, with annual sales outpacing 2024 levels by nearly 4%.  The Mortga...

U.S. Trade Representative Jamieson Greer joins 'Mornings with Maria' to outline President Donald Trump’s new global tariff strategy and warn trading partners that enforcement is coming. The Trump administration isn’t letting a Supreme Court setback derail its tariff strategy. The nation’s top trade official says the White House won’t wait on Congress to restore the program. In a 6-3 ruling last week, the high court struck down President Donald Trump’s global tariff authority under the International Emergency Economic Powers Act (IEEPA). Democrats lauded the Supreme Court’s ruling as a victory, arguing tariffs raise prices for everyday Americans.But U.S. Trade Representative Jamieson Greer said while he’s "disappointed," it’s not the end of tariffs, adding that he doesn’t plan on wa...

Check out what's clicking on FoxBusiness.com. Certain cottage cheese products are being recalled at Walmart stores in 24 states over the possibility of liquid dairy ingredients not being fully pasteurized up to regulatory standards. Saputo Cheese USA Inc. discovered the issue during a "pasteurizer troubleshooting exercise" conducted with the California Department of Food and Agriculture, the U.S. Food and Drug Administration (FDA) announced Wednesday.The recall affects Great Value-branded cottage cheese sold in white tubs with white lids. The products were distributed between Feb. 17 and Feb. 20 to Walmart stores and distribution centers in Alaska, Alabama, Arkansas, Arizona, California, Colorado, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Missouri, Mississippi, M...

Savers in the UK must stick to an important £20,000 rule. An Individual Savings Account (ISA) allows people to save money and earn interest that is tax-free. However, there is a yearly limit on how much you can have in an ISA.It further explains: “Every tax year you can save up to £20,000 in one account or split the allowance across multiple accounts. The tax year runs from 6 April to 5 April.”GOV.UK adds: “Your ISAs will not close when the tax year finishes. You’ll keep your savings on a tax-free basis for as long as you keep the money in your ISA accounts.”However, it is important to note that in April 2027, the Cash ISA limit is set to reduce to £12,000 for those under the age of 65, which will be explained below.Types of ISAThere are four types of ISA:Cash ISA: Similar to a savings ...

FTC Chairman Andrew Ferguson discusses Walmart's $100M judgment and addresses a New York Times op-ed's claims regarding the FCC and FTC on 'Varney & Co.' Walmart has agreed to a $100 million judgment to settle allegations that it deceived delivery drivers about their pay and tips, the Federal Trade Commission announced Thursday — a move FTC Chair Andrew Ferguson touted as "a huge win for American workers." "We had been investigating Walmart and its representations that it was making to its delivery drivers that millions of Americans use all across the country, and the consumers who are using the delivery services, about how much delivery drivers were going to be paid, whether the entirety of your tip was actually going to go to drivers, which is what Walmart was telling both dr...

Netflix co-CEO Ted Sarandos responds to criticisms over the streaming service’s proposed acquisition of Warner Bros. Discovery on ‘The Claman Countdown.’ Netflix dropped its bid to buy Warner Bros. after the studio announced Paramount's latest bid to buy the entire company was "superior." "The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid," Netflix co-CEOs Ted Sarandos and Greg Peters said in a statement. "Warner Bros. is a world-class organization, and we want to thank David Zaslav, Gunnar Wiedenfels, Bruce Campbel...

Former U.S. Secretary of Commerce Wilbur Ross joins Making Money to discuss the Supreme Court ruling regarding Trumps tariffs and their implications. FedEx announced Thursday that it will return any tariff refunds it may receive to its customers who paid them as it seeks compensation from the federal government for tariffs paid that were subsequently ruled illegal. The shipping giant said in a statement that it intends to return any tariff refunds to shippers and customers who bore the cost of the tariffs. The move follows the Supreme Court's ruling last week that a key portion of President Donald Trump's trade agenda – his tariffs imposed under the International Emergency Economic Powers Act (IEEPA) – was struck down as illegal."We remain focused on supporting our customers as the...