Were you one of the few who hit the pub as soon as the clocks turned midnight? Or were you in the queue to hit Primark as soon as its doors opened? After months of lockdown, England is reopening for business.

We have all got used to having nowhere to go and nowhere to spend our cash. But as things start to reopen, have we thought about what this means for our finances going forward?

What businesses are reopening?

We’ve reached the next step of the roadmap out of lockdown. Some major parts of the economy are now allowed to reopen, meaning that town centres and high streets will be buzzing once again.

At the time of writing, the following businesses are reopening:

  • Pubs, restaurants and cafés for outdoor table service
  • Outdoor settings like zoos and theme parks
  • Non-essential shops, hairdressers and public buildings
  • Swimming pools and gyms
  • Self-contained
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The new tax year is upon us, and with it comes a wave of changes to UK finances and the tax system. Below is a comprehensive guide to everything that’s changing and how it could affect you.

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Tax allowance

This new tax year, the personal allowance, which is the annual amount of income you can earn without having to pay tax, is rising by 0.5% from £12,500 to £12,570.

Meanwhile, the threshold for paying the higher rate of income tax increases from the current £50,000 to £50,270 a year. These rates are expected to be frozen for the next five years.

Investors should also note that the annual ISA allowance will remain at the current £20,000 limit this tax year.

And like the personal allowance, there are rumours that it could also be frozen for the next five years, which makes it especially important to make sure … Read more

If I had a lump sum of £3,000 to invest today, I’d buy IAG (LSE: IAG) shares. I’d invest this amount because I believe it’ll give me some exposure to the airline without taking on too much risk.

There are a couple of reasons why I would buy the stock today. For a start, I think the company looks cheap, compared to its potential. For its 2019 financial year, the British Airways owner reported a net profit of €1.7bn. If it can return to this level of profitability, the IAG share price is sitting at a prospective P/E of around 7.5. 

However, just because a stock looks cheap isn’t necessarily a good reason to invest. Indeed, before investing any money in a cheap business, I think it’s always best to try and understand why the market has such a low opinion of the enterprise in the first place.

IAG share

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If you’re looking to manifest some money into your life, music might help, according to experts. The Body Shop recently looked into our quest to manifest our dreams into reality – and in the process discovered some interesting facts.

A quick Google search shows that in the past year alone, the interest in manifestation methods has grown a massive 15,492%. TikTok and Instagram are leading that revolution, helping people focus on their wellness so they can grow, heal and achieve more.

If you’re also looking to turn your visions into real money and success, here’s how music can help.

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How the research worked

The Body Shop spent time looking at over 100,000 songs that appear on different Spotify playlists to find the most commonly featured ones.

Experts looked for songs that focused on ‘girl power’, ‘seize the day’ and other powerful wording. From there, they selected the 20 songs … Read more

These UK shares all trade below the £1 marker. Should I buy these penny stocks for my Stocks and Shares ISA today?

#1: Bargain penny stock

We all love a good bargain. In fact, the tremendous growth of Aldi, Primark and B&M over the past decade (to name just a few low-cost retailers) is testament to how consumers now demand more bang for their buck. This growing need for value is why I believe Card Factory is an attractive buy for the years ahead. It’s true this penny stock has a hell of a lot of debt on its books. But with its 1,000-odd stores about to reopen in the coming days, hopefully the company can get to work repairing its financial position. I’d happily add this UK share to my ISA today. Though, like my colleague Rupert Hargreaves, I wouldn’t invest huge sums until its balance sheet shows signs … Read more