PPI Claim Company Logo
PPI Claims - About PPI

PPI Claim News - 7/2/2011

 
PPI charges: High earners to save less in 2011

High earners are expected to save less this year, with the amount saved or invested each year by households that have an income over £100,000 expected to decline by ten per cent.

These are the results of research by HSBC, which surveyed 1,000 UK consumers with a household income of over £100,000.

Richard Brown, head of Savings and Investments at the bank, said: "High earners were hit with a number of additional taxes in 2010, with the introduction of a 28 per cent capital gains tax rate, the introduction of the 50 per cent tax rate coupled with the removal of their income tax personal allowance and the withdrawal of child benefit, which could all affect their ability to save."

Mr Brown added that it appears richer consumers are choosing to spend more to maintain their lifestyles rather than saving.

Research reveals that the average amount saved by high-earners will decline from £20,314 in 2010 to £18,255 this year.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.

 ADNFCR-2776-ID-800388964-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Quick Claim

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273

Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.

Belmont Thornton Ltd is registered with the Information Commissioners Office to ensure compliance with the Data Protection Act 1998 registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.

Please note that calls may be recorded and email traffic monitored for the purposes of security and staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.