No, you are not imagining it, it’s not Monday again. We are trying out something a little new here at MRM – welcome to the midweek money sections review (small cheer).
This week the money sections focused on how to make the most of your finances in the long term through savings and mortgage deals and in the meantime, how to deal with the Capital Gains Tax (CGT) hike. Esther Shaw at the Express focused on ‘Tax Freedom Day’ which is actually a hypothetical date in the year when from this day forward, for the rest of the year the average employee is working for themselves rather than to line the Chancellor’s coffers (massive cheer). Although this date can move forward and back, Shaw suggested Isas and pensions as ways of generally alleviating the tax burden.
Both the Telegraph and the Mail went to town on CGT, especially on how it is affecting the buy-to-let market. James Coney and Tony Hazell at the Mail had a word of warning on how the CGT increase is threatening ‘Middle England’ and gave the Money Mail readers a breakdown on how they will be affected as homeowners and while saving in pensions. Rosie Murray-West at the Telegraph pointed out that although the spectre of CGT is hovering for buy-to-let investors, the mortgage market is better than it has been for a long time for investors and points to some of the best deals around.
The Mirror similarly focused on the housing market but honed in on the plight of first time buyers and the potential pitfalls along the way as it followed a couple on the road to the glorious state of home ownership.
A round-up of topics saw the scores are follows:
Credit cards 5%