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Clacton and Frinton GazetteWoman working as clairvoyant fraudulently claimed nearly £27000 in benefitsClacton and Frinton GazetteGordon Collins, of the Fraud and Error Service at the Department for Work and Pensions said: “I can confirm that DWP have recently successfully prosecuted Amanda Barrymore for failing to declare that she was working as a clairvoyant. ... “I cannot ...and more »
GazetteWoman working as clairvoyant fraudulently claimed nearly £27000 in benefitsGazetteGordon Collins, of the Fraud and Error Service at the Department for Work and Pensions said: “I can confirm that DWP have recently successfully prosecuted Amanda Barrymore for failing to declare that she was working as a clairvoyant. ... “I cannot ...and more »
The GuardianDonald Trump picks up endorsement from Rick Santorum – campaign liveThe GuardianGawker founder Nick Denton said earlier Tuesday that he suspected there was anonymous money behind multiple lawsuits targeting Gawker. The New York Times ..... “We were ground-zero for this mortgage meltdown... housing prices wiped out 51%.” “In the ...and more »
The GuardianSanders calls for recanvass in Kentucky primary – campaign liveThe GuardianBut four months later, it was still unclear where Trump had sent the money – or whether he had sent the money. Last Friday, Trump campaign manager Corey Lewandowski said the money had been disbursed: “The money is fully spent,” Lewandowski said.and more »
The Australian Financial ReviewWill foreign superannuation transfers be counted under Australia's $500000 cap?The Australian Financial ReviewThe proposed after-tax contribution cap has triggered much anxiety. Now it's the turn of savers wanting to transfer super from other countries, says Sam Henderson, who answers your questions on superannuation. Q: I have pension funds in the UK which ...and more »
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To Save or To Clear the Debts?

You may have noticed that your savings aren’t doing a lot to pay their way these days. Pensioners are badly hit as many of them use the interest from their life savings to pad out the weekly amount they get from the state. Many mortgage payers are happy as their payments have come down, but just about everyone else with savings is in the situation where the real value of their money is falling because interest payments aren’t as high as inflation.

 The average rate for UK instant access accounts including current accounts was around 0.17% at the end of February and we’ve had another cut in the Bank base rate of half a percent since then. Despite that, with credit hard for many people to come by; credit limits being cut by the card companies and worries about job losses, if you can, it’s best to have some savings on hand for an emergency. And the latest figures show that people are saving more. There’s nearly £1,000 billion of savings in our banks and building societies and another £90 billion in National Savings.  

In terms of interest you may as well keep your money under the bed – but then that’s probably the first place a cash strapped burglar is going to look. Fixed rate bonds pay slightly higher rates than instant access accounts. National Savings and Investments products are increasingly popular because people want to know their money is safe whatever the interest rates and they have a 100% government deposit guarantee. It’s never been more important to shop around and don’t be slow to move your money to higher interest rate paying accounts. Keep a close check on any accounts you do have to see what interest you are being paid. The financial pages of the newspapers are good for advice on which accounts are paying the best rates but these change frequently. 

Once you’ve got your emergency fund in place if there’s any money left over think about clearing expensive debts. There’s no point in having a lot of money sitting in an account getting 2.5% interest if you’re paying off loans or credit card accounts at interest rates in the high teens and 20’s. Homeowners are paying off their mortgages too. Some who’ve seen their monthly payments fall are continuing to pay at the old rate so that they clear their mortgages more quickly.

If you have a lot of savings think about getting some financial advice. Your money may not be doing as well for you as it could and a good Independent Financial Adviser can be worth his or her weight in gold. Visit more than one and choose the advice you feel happiest with. Family, friends and colleagues may be able to recommend advisers they’ve used and found helpful.

If you’re lucky enough to have money to put aside it’s time to take stock and nurture it so that it can nurture you back in the future.

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