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Your Money Sorted: Minimum Wage Rise! + Pension Tips & More

Jonathan Steer • 6 April 2024
Money Uncovered - Family Finances and the Spring Budget

April showers might bring May flowers, but this month also brought a payrise for many UK workers! We've got the details, plus some thought-provoking articles to help you manage your money - from the perils of skipping pension contributions to the surprising secrets of professional competition winners. Happy reading!

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As of April 1st, the UK minimum wage has jumped nearly 10%, putting more money in the pockets of 1.6 million workers. See the new rates and what it means for you.

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More young people are pausing pension contributions - this is how much it's costing them - Sky News


Don't wait to start saving for retirement! This article by Bhvishya Patel explores how skipping contributions now can cost you tens of thousands later. Learn how much you could lose and why starting early is key.

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Pembrokeshire couple win £80k by entering 50 competitions a day - BBC News

 

Want to win dream vacations, luxury goods, and more? This Pembrokeshire couple turned competition entering into a £77,000 hobby! Learn their secrets (and lingo!) in Paul Pigott's article.

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‘I was offering great advice but I wasn’t following it’: the personal finance guru who spiralled into debt - The Guardian

 

Deborah Linton explores the story of Lauren Cobello, a former finance guru who struggled with debt despite offering great advice. Her journey highlights the importance of personal financial wellness, even for those who seem to have it all.

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That's a wrap. Check out the latest news and money saving tips at stepsave.com 

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