Connect with us

Money

Major change to bank rules TODAY for millions of customers including new £100 fee and how to avoid it

Published

on

Major change to bank rules TODAY for millions of customers including new £100 fee and how to avoid it

NEW rules requiring banks to reimburse people tricked into transferring money to a fraudster have come into force today.

Under the shake-up, banks must reimburse authorised push payment (APP) fraud victims unless the customer has been “grossly negligent”.

Previously, many bank customers have relied on a voluntary code to get their money back

1

Previously, many bank customers have relied on a voluntary code to get their money backCredit: Alamy

Customers were initially set to receive reimbursements of up to £415,000.

Advertisement

However, the new rules have now implemented a cap of £85,000.

Banks can exceed this limit and repay higher amounts if they choose.

But, they also have the power to impose a £100 excess fee when settling claims, a policy that five banks have now adopted.

So, if your claim is for a payment of £100 or less, trying to recover the money may not be of any benefit.

Advertisement

Only four firms have pledged not to apply this charge: Nationwide, Virgin Money, TSB, and AIB.

Five banks – HSBC, First Direct, Lloyds, Halifax and Bank of Scotland – have said they will not cover fraud claims below £100.

The rest say that they “may” cover them or will judge each claim on a case-by-case basis.

Starling Bank says it may apply an excess of £50 rather than £100.

Advertisement

The only way to avoid this caveat is to switch to one of the four banks which have pledged not to apply these charges.

Google Chrome owners can make single click to stay safe – but beware ‘red alert’

The £100 excess cannot be applied to vulnerable consumers under the Payment Systems Regulator’s (PSR) rules.

Liz Edwards, money expert at Finder, said: “Victim’s protection has been squeezed at both ends. When the upper refund limit was cut to just £85,000, many in the industry, including the PSR, justified this by saying it would still cover over 99% of claims.

“But because so many banks are now saying they won’t cover – or may not cover – the first £100, that 99% must surely be lower.

Advertisement

“Based on 2023 fraud figures, more than 58,000 cases would have resulted in no refund if all companies had applied the excess, and now only four of the major providers have confirmed they won’t.

“£100 is a lot of money to many people. It doesn’t help that 12 banks said they might apply it – customers don’t know where they stand.”

The new protections apply from October 7 and only when a transfer is made to and from a UK bank account.

Previously, many bank customers have relied on a voluntary code to get their money back.

Advertisement

Concerns were raised that consumers faced a refund “lottery”.

Fraud is broadly split into authorised and unauthorised.

Authorised fraud occurs when individuals are deceived into willingly handing over money or consenting to fraudulent payments.

Unauthorised fraud involves criminals stealing financial information to obtain products or services in the victims’ names.

Advertisement

A fraud explosion in recent years has seen criminals pose as trusted institutions such as banks, companies, or government departments to persuade people to part with their cash, and scams are becoming increasingly sophisticated.

According to figures from UK Finance, the total number of APP cases jumped by 12% annually last year to 232,429. Reported losses to this type of scam totalled £459.7 million.

Purchase scams accounted for around two-thirds (67%) of the total number of APP cases in 2023.

With a purchase scam, someone pays in advance for goods or services that are never received, often ordered online, such as through an auction website or social media.

Advertisement

PROTECT YOURSELF FROM SCAMMERS

More than three-quarters of authorised fraud starts online.

When handing over cash for goods or services found online that you haven’t yet received, you should be extra vigilant against scams. 

Fraudsters often use popular events, such as the recently announced Oasis concerts, to prey on victims.   

Buy from reputable sources and sites to protect yourself.

Advertisement

Alarm bells should be ringing if prices are too good to be true.

Take the time to carry out extra checks on unknown sources. 

Fraud cases originating through phone calls make up fewer cases, but losses are often far larger.

These are typically when criminals impersonate banks or other trusted sources.  

Advertisement

It’s ok to reject, refuse or ignore requests for cash.

Usually, criminals will try to pressure or rush you into payments.

If you doubt a caller’s identity, call a trusted company or organisation phone number to check. 

TOP TIPS

Advertisement

BY keeping these tips in mind, you can avoid getting caught up in a scam:

  • Firstly, remember that if something seems too good to be true, it normally is.
  • Check brands are “verified” on Facebook and Twitter pages – this means the company will have a blue tick on its profile.
  • Look for grammatical and spelling errors; fraudsters are notoriously bad at writing proper English. If you receive a message from a “friend” informing you of a freebie, consider whether it’s written in your friend’s normal style.
  • If you’re invited to click on a URL, hover over the link to see the address it will take you to – does it look genuine?
  • To be on the really safe side, don’t click on unsolicited links in messages, even if they appear to come from a trusted contact.
  • Be careful when opening email attachments too. Fraudsters are increasingly attaching files, usually PDFs or spreadsheets, which contain dangerous malware.
  • If you receive a suspicious message then report it to the company, block the sender and delete it.
  • If you think you’ve fallen for a scam, report it to Action Fraud on 0300 123 2040 or use its online fraud reporting tool.

Source link

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Money

Water companies to pay back £157.6million to customers after failures – will you get cash?

Published

on

Water companies to pay back £157.6million to customers after failures - will you get cash?

WATER companies have been ordered to return £158million to customers after failing to meet pollution targets.

The industry regulator, Ofwat, announced the rebate following its annual review of the performance of water and wastewater companies in England and Wales.

1

Each year, Ofwat evaluates the performance of the 17 largest water and wastewater companies in England and Wales against key targets, including sewer flooding, supply interruptions, and water leaks.

Advertisement

For the second consecutive year, no company attained the highest rating, although four companies demonstrated improvement compared to the previous year.

As a result, millions of customers at 13 water companies could see their bills slashed next year as the watchdog issues penalties.

Customers at the following water firms will benefit:

  • Thames Water
  • Anglian Water
  • Yorkshire Water
  • Southern Water
  • Welsh Water
  • South West Water
  • South East Water
  • Wessex Water
  • Affinity Water
  • Bristol Water
  • Portsmouth Water
  • South Staffs Water
  • Hafren Dyfrdwy

David Black, chief executive of Ofwat, said: “This year’s performance report is stark evidence that money alone will not bring the sustained improvements that customers rightly expect.  

“It is clear that companies need to change and that has to start with addressing issues of culture and leadership. Too often we hear that weather, third parties or external factors are blamed for shortcomings. 

Advertisement

“Companies must implement actions now to improve performance, be more dynamic, agile and on the front foot of issues.

“However, we are beginning to see that some companies are beginning to change their culture and adopt a more innovative and forward-thinking approach to tackling pollution.

Only four water companies have not faced a penalty from the regulator, meaning customers at the following firms won’t recieve a rebate next year:

  • SES Water
  • Northumbrian Water
  • Severn Trent Water
  • United Utilities

Source link

Advertisement
Continue Reading

Money

Handy tool every Amazon shopper should use that reveals if a Prime Day deal is REALLY worth buying

Published

on

Handy tool every Amazon shopper should use that reveals if a Prime Day deal is REALLY worth buying

AMAZON Prime Day is a great opportunity to grab a bargain, but it’s important to make sure a deal is really going to save you money.

Fortunately, there are tools available to check you really are getting the best price on the market before you hit ‘buy now’.

Amazon Prime Day will see the online retailer slash prices or 48-hours

1

Amazon Prime Day will see the online retailer slash prices or 48-hours

Amazon Prime Day is a 48-hour sale event that will take place on October 8 and 9.

Advertisement

It’s exclusively available for Prime members, offering discounts on everything from the latest technology to sought after beauty items and top toys.

Bargain hunters will be looking to score big savings on thousands of items, but it’s important to make sure that the publicised discount is as good as it seems.

We all know how alluring sales can be, particularly with Christmas just around the corner, but luckily there are tools available to stop you losing your head.

Harry Rose, Editor of Which? magazine, said: “Amazon Prime Day may seem like the best time to snap up a good deal if you are a Prime member but don’t feel panicked into buying things you don’t need or haven’t budgeted for.

Advertisement

“When looking to buy something new, always do your research first by checking price comparison sites like PriceRunner and CamelCamelCamel, which not only show current prices at multiple retailers but also reveal a product’s pricing history.

“This allows you to work out whether the sale price genuinely represents good value.”

CamelCamelCamel is a shopper’s best friend when it comes to Amazon Prime Day.

The website allows shoppers to enter an item’s URL to reveal its price history, and see if it has previously been sold at a lower price.

Advertisement

Handily, you can also set up price alerts to let you know when it drops in price again.

Shopping discounts – How to make savings and find the best bargains

Prices can change during the two day event so if there’s an item your desperate to get at the best price, setting up a CamelCamelCamel alert could ensure you don’t miss out on the best price.

Don’t forget to also check other retailers before purchasing using Google Shopping or Price Spy.

And remember, you’ll only be making a saving if you intended to buy the item in the first place and don’t forget hidden costs, like delivery charges.

Advertisement

Some items are particularly likely to be heavily discounted in the Prime Day sale, such as stock the online retailer wants to clear ahead of Christmas.

Which? editor Mr Rose said: “Some products follow quite predictable pricing cycles, for example, the previous year’s TVs typically drop in price when new models launch in spring, so check if you can pick up last year’s models for a bargain price.

“Most technology, including smartphones, TVs and tablets, are released on a one-year cycle, so you only need to wait 12 months before there’s a shiny new device to get excited about.

“Big tech companies will do their best to tempt you into buying their latest release, but the forgotten device celebrating its first birthday could still be more than adequate and it’s also far more likely to be on sale.”

Advertisement

Whatever is catching your eye this October remember to do your research and make sure you get the best price.

When is Prime Day 2024?

The next Prime Day event will be the Big Deal Days sale event in October.

The sale will kick off at midnight on October 8 and run to midnight on October 9.

The last Prime Day event for 2024 took place on July 16-17 and Prime members enjoyed thousands of discount across all categories.

Advertisement

If you don’t want to miss out on October’s event you will need to become a Prime member.

Signing up for a Prime membership is easy and comes with lots of perks including next-day delivery and access to Prime Video and Amazon Music.

Amazon Prime costs £8.99 a month, or £95 for an annual membership.

But if you are brand-new to Prime you can sign up for a 30-day free trial, giving you free access to the sale when it launches next month.

Advertisement

However, you will need to cancel your membership before the 30-day trial ends to avoid the ongoing £8.99 monthly fee.

What were the best Prime Day deals in July?

Some of the best Prime Day bargains offered in July were for Amazon branded products such as Fire tablets and TVs as well as Ring doorbells.

One of the hottest deals was the ‘seriously impressive’ 55-inch Fire TV slashed from £549.99 to £329.99.

Other highlights in the July Prime Day event included discounts on the Shark Cordless Stick Vacuum Cleaner, which was reduced from £279.99 to £159.99, and the Philips L’OR Barista Sublime Capsule Coffee Machine, which was slashed from £109.99 to £49.99.

Advertisement

How to bag a bargain

SUN Savers Editor Lana Clements explains how to find a cut-price item and bag a bargain…

Sign up to loyalty schemes of the brands that you regularly shop with.

Big names regularly offer discounts or special lower prices for members, among other perks.

Advertisement

Sales are when you can pick up a real steal.

Retailers usually have periodic promotions that tie into payday at the end of the month or Bank Holiday weekends, so keep a lookout and shop when these deals are on.

Sign up to mailing lists and you’ll also be first to know of special offers. It can be worth following retailers on social media too.

When buying online, always do a search for money off codes or vouchers that you can use vouchercodes.co.uk and myvouchercodes.co.uk are just two sites that round up promotions by retailer.

Advertisement

Scanner apps are useful to have on your phone. Trolley.co.uk app has a scanner that you can use to compare prices on branded items when out shopping.

Bargain hunters can also use B&M’s scanner in the app to find discounts in-store before staff have marked them out.

And always check if you can get cashback before paying which in effect means you’ll get some of your money back or a discount on the item.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Advertisement

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

Source link

Continue Reading

Money

A third of parents are struggling to access childcare, poll reveals

Published

on

A third of parents are struggling to access childcare, poll reveals

A THIRD of working parents have had to reduce their working hours – due to difficulties accessing childcare.

A poll of 3,000 employed mums and dads of children up to 11 revealed the struggles they face, with 31 per cent requesting flexible working arrangements to balance their responsibilities.

Four in 10 working parents don't use childcare providers as much as they would like to  because they can't afford it.

1

Four in 10 working parents don’t use childcare providers as much as they would like to because they can’t afford it.

Nearly a quarter (24 per cent) rely on partners or other family members who have had to reduce their paid work or even quit their job.

Advertisement

And 16 per cent claim the impact of accessing childcare has led to them avoiding applying for new roles.

But despite the support provided, 46 per cent say they find it hard to maintain boundaries between their job and homelife.

Jane van Zyl, CEO of the charity Working Families, which commissioned the study ahead of National Work Life Week (7th-11th October), said: “Accessing affordable and reliable childcare has become a significant challenge for many families.

“A lot of parents are struggling to balance work and family life due to limited availability, rising costs, and long waiting lists.

Advertisement

“It’s not just an inconvenience – it’s a barrier that impacts career opportunities, financial stability, and overall well-being.”

The study also found 75 per cent regularly work overtime, as 23 per cent claim it’s the only way to manage their workload.

Nearly three in 10 (28 per cent) are implementing variable hours, 19 per cent are remote, and 15 per cent work term-time hours only to help with childcare issues.

No Kidding: How much does childcare cost

However, a fifth of parents don’t have any flexible arrangements in place – with this being most prominent in the transport and logistics sector (42 per cent).

Advertisement

Parents who work in retail (32 per cent), leisure, sport and tourism (30 per cent), and hospitality and events management (29 per cent) are also impacted.

Despite 62 per cent claiming their employer cares about their work life balance, 51 per cent have previously refrained from applying for a job because it didn’t offer flexibility.

This is important as it allows them to manage childcare responsibilities (63 per cent), spend quality time with family (46 per cent), and helps to reduce the overall cost (45 per cent).

It also emerged parents believe flexible working has led to development of new skills (61 per cent), and an increased in loyalty to their current employer (73 per cent).

Advertisement

While 77 per cent of those polled via OnePoll.com went as far to say it has allowed them to stay in their current role.

However, six in 10 currently work shifts, with 27 per cent receiving up to only one weeks’ notice of their schedule – making it difficult to organise childcare arrangements.

Jane van Zyl added: “Flexible working is not only a benefit—it’s a necessity for today’s parents who are juggling work and family life.

“By offering more adaptable work arrangements, we empower parents to be present for their children while continuing to thrive professionally.

Advertisement

“We’ll be paying close attention to the upcoming changes to the Employment Bill expected this week to see how the Government are planning to overcome the challenges working parents are facing through more robust flexible working policies.”

Flexible working campaigner and ambassador for Working Families, Anna Whitehouse – also known as Mother Pukka – said: “This is the reality for so many parents – we’re stuck in a cycle where childcare is either unaffordable or unavailable, forcing families to make impossible choices.

“Parents are cutting back their hours or missing out on job opportunities just to get by day-to-day. The system, as it stands, doesn’t work.

“If we truly want to support families, we need workplaces that make it possible for parents to manage the balancing act of work and childcare, without having to sacrifice their own wellbeing.”

Advertisement

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

Source link

Advertisement
Continue Reading

Money

Tesco, Sainsbury’s and M&S make big change so that British summer favourite will be on shelves for Christmas

Published

on

Tesco, Sainsbury’s and M&S make big change so that British summer favourite will be on shelves for Christmas

SHOPPERS could see an unexpected item on shelves this Christmas for the first time ever.

Tesco, Sainsbury’s and Marks & Spencers have confirmed they will stock home-grown strawberries in their supermarkets this winter season.

Store-bought strawberries are usually imported long distances over winter to meet demand

1

Store-bought strawberries are usually imported long distances over winter to meet demand

Fruit suppliers have innovated new technology which allows strawberries to be grown in the UK all year round.

Advertisement

The Summer Berry Company, a supplier in West Sussex, will be growing the fruit 12 months a year and supplying supermarkets.

Strawberries are usually imported over winter due to economic and environmental reasons.

However, the company has installed £6million of fresh technology which will produce 600,000 punnets for the retailers over the colder seasons.

Shoppers will be able to get their hands on the British strawberries this Christmas as an exciting new addition to their festive celebrations and desserts.

Advertisement

Typically the British strawberry season runs from May to October, and are a familiar sight in summer commonly associated with the Wimbledon tennis tournament.

It is still unknown whether the price of the strawberries will change in supermarkets in accordance with the new supplier’s demand and quality.

Prices also naturally vary day to day, so its best to keep checking online.

For example, Tesco and Sainsbury’s are always launching new Clubcard and Nectar prices which are easy to view via the mobile app.

Advertisement

A 227g punnet of strawberries, sourced outside of Great Britain, is currently available in M&S and Tesco for £2.30.

While Sainsbury’s currently offers the cheaper deal, priced at £2 for 250g of strawberries – a greater quantity plus a 30p save.

The cheapest place to buy strawberries is Aldi, which retails its charming “wonky strawberries” from Belgium for just £1.39 a 227g punnet.

Remember that, while its good to be environmentally conscious, it’s more important to make sure you eat comfortably this winter in the cost of living crisis.

Advertisement

As always, we recommend you compare prices before you shop, by searching for the exact product you need on multiple different websites.

You can also use the “sort by” tool to select the “cheapest first”, making sure you secure all the best deals.

And by getting to the store at the right time (usually in the afternoon), you could also be lucky enough to spot some yellow stickers.

Keeping your eye out for yellow stickers means you can purchase perfectly healthy produce, which has simply passed its sell-by date, for a reduced price.

Advertisement

Many stores do this at the same time every day, so its good to note when reductions are happening if you notice them in your local supermarket – that way next time you could be the first in line.

How to save money on your supermarket shop

THERE are plenty of ways to save on your grocery shop.

You can look out for yellow or red stickers on products, which show when they’ve been reduced.

Advertisement

If the food is fresh, you’ll have to eat it quickly or freeze it for another time.

Making a list should also save you money, as you’ll be less likely to make any rash purchases when you get to the supermarket.

Going own brand can be one easy way to save hundreds of pounds a year on your food bills too.

This means ditching “finest” or “luxury” products and instead going for “own” or value” type of lines.

Advertisement

Plenty of supermarkets run wonky veg and fruit schemes where you can get cheap prices if they’re misshapen or imperfect.

For example, Lidl runs its Waste Not scheme, offering boxes of 5kg of fruit and vegetables for just £1.50.

If you’re on a low income and a parent, you may be able to get up to £442 a year in Healthy Start vouchers to use at the supermarket too.

Plus, many councils offer supermarket vouchers as part of the Household Support Fund.

Advertisement

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

Source link

Advertisement
Continue Reading

Money

Hundreds of Vinted users hit by huge error exposing personal details that could see bank accounts drained

Published

on

HMRC issues one-day warning to anyone who sells on Vinted or eBay - check if you need to act NOW

VINTED has abruptly closed its new professional selling platform to new members after it made some users’ National Insurance (NI) numbers publicly available, putting them at risk of fraud, The Sun has learned.

The second-hand selling website launched Vinted Pro last week to allow sellers to register as a sole trader and be identified as professional sellers.

Vinted has now closed its Pro service after some members' NI numbers were displayed

1

Vinted has now closed its Pro service after some members’ NI numbers were displayedCredit: Getty

But the much-anticipated launch was quickly overshadowed when users realised it had displayed some Vinted Pro members’ National Insurance numbers publicly on their profile, meaning anyone could see them.

Advertisement

HM Revenue & Customs (HMRC) advises that you should not share your NI number with anyone who does not need it to prevent identity fraud.

The Sun has learned that the Independent Commissioner’s Office (ICO) is now investigating the breach after a number of sellers reported it.

A spokesperson for the ICO told The Sun: “We can confirm that we have been contacted regarding Vinted and are currently assessing the information provided.”

Vinted has now removed the ability for users to upgrade their accounts to Vinted Pro to prevent anyone else being affected by the breach while it fixes the technical issue.

Advertisement

A spokesperson for Vinted told The Sun: “For a small number of Vinted Pro members, their NI number was visible on their profile page.

“While our teams were working on fixing the issue completely, we temporarily halted the ability to upgrade accounts to Vinted Pro.

“We apologise to anyone that was affected and encourage members who have questions to reach out to our member support team.”

It is understood that affected users’ NI numbers have now been hidden since The Sun got in touch – but those impacted had the private detail displayed on their profile for several days.

Advertisement

The only way Vinted sellers could hide their NI number from public view was to delete their account or set it to “holiday mode”, which meant they could no longer sell any items.

Vinted declined to disclose how many Vinted Pro users were affected, but it is understood that it did not involve all members.

However, dozens of users have taken to social media to express their fury over what happened.

One angry Vinted user posted on forum Reddit: “An absolute disaster – I am currently going through the same issue here, so I had to Holiday Mode my shop until I hear back from them, which could be quite a lot of lost revenue judging the amount of time they take to get back to me.”

Advertisement

Another added: “I’ve deleted my account because of this, I hope they have reported themselves to ICO? It’s quite serious!”

Another furious user who spoke with The Sun said he is a huge Vinted seller and has already earned £25,000 through the site this year, but is now planning to switch to eBay.

“They have messed up big time with Vinted Pro, I have emailed their CEO and will be ringing the ICO,” he said.

Experts have warned that the serious breach could have left members at risk of identity fraud or being targeted by scammers.

Advertisement

Dan McLoughlin, fraud and security expert at Lynx Tech, explained: “NI numbers are unique identifiers across various government, employment, and financial systems.

“This means if your NI number gets into the wrong hands, fraudsters can leverage it to apply for loans or credit cards in your name, potentially building up significant debt.

“Fraudsters can also use your NI number to open banking accounts for money laundering or other illicit activities, implicating you in their crimes.

“Fraud losses increased by 53% in 2023, so protecting personal information has never been more important.”

Advertisement

Consumer disputes expert Scott Dixon, who runs website The Complaints Resolver, said HMRC asked Vinted to request NI numbers from sellers to ensure they pay the correct tax, but this should never have been made publicly available.

“This is a serious breach and the ICO should take action against Vinted and have the powers to do so,” he said.

“Vinted should also liaise with the ICO for guidance on what they need to do to remedy it.”

He added that if your NI is exposed in the public domain and you become a victim of fraud as a result, you could be entitled to compensation.

Advertisement

We have asked Vinted if it will pay any compensation to affected members and will update if we hear back.

What should I do if I’ve been affected?

If your NI number is on display, it’s a good idea to hide it by putting your shop into holiday mode until the issue is resolved.

You can make a complaint to Vinted through the website/app or make a complaint to the ICO by visiting: ico.org.uk/make-a-complaint/data-protection-complaints/.

You can also apply for Protective Registration for two years if you’re worried your personal details have been leaked – however, this costs £30.

Advertisement

You can apply online by visiting: cifas.org.uk/services/identity-protection/protective-registration/application-form.

Over the next few weeks, it’s a good idea to be extra vigilant. If you receive any unexpected calls, verify the number before handing over any personal or bank details.

It’s a good idea to hang up and call back the right number. Remember that companies can “spoof” phone numbers, so just because it shows the right number, that doesn’t mean it isn’t a scam.

And don’t open any unexpected links, as these could be phishing for further personal info.

Advertisement

If you think you’ve been a victim of fraud, you should report it to your bank, building society or any credit cards you use as soon as possible, and report any transactions you don’t recognise.

You should also report your case to Action Fraud, which will give you a crime reference number.

It’s worth checking your credit reports, too, and flag if you spot anything on there that wasn’t you – your credit reference agency can make a note for other lenders to see if you’re disputing a missed payment or unexpected loan.

What is Vinted Pro?

Vinted Pro launched in the UK last week to enable sellers to register as sole traders, or to allow businesses to register as sellers.

Advertisement

Active sellers on the Vinted app have started being messaged informing them about the new service and suggesting they can upgrade their account.

It is free to upgrade to Vinted Pro, and it’s free to sell an unlimited number of items.

Do you need to pay tax on items sold on Vinted?

QUICK facts on tax from the team at Vinted…

  • The only time that an item might be taxable is if it sells for more than £6,000 and there is profit (sells for more than you paid for it). Even then, you can use your capital gains tax-free allowance of £3,000 to offset it.
  • Generally, only business sellers trading for profit (buying goods with the purpose of selling for more than they paid for them) might need to pay tax. Business sellers who trade for profit can use a tax-free allowance of £1,000, which has been in place since 2017.
  • More information here: vinted.co.uk/no-changes-to-taxes

However, Pro accounts must also follow certain consumer rules. For example, they have to offer 14-day returns for faulty items, and they must provide contact details.

Professional sellers must declare themselves as a “Pro Seller” and this label will appear on their profile to identify them as a business.

Advertisement

You can have a Vinted Pro account and a regular account.

The full list of terms and conditions can be read at vinted.co.uk/pro-terms-of-use.

Source link

Advertisement
Continue Reading

Money

EuroMillions winner Adrian Bayford will RENT OUT farmhouse on 189-acre estate for extra cash 2 years after £184m win

Published

on

EuroMillions winner Adrian Bayford will RENT OUT farmhouse on 189-acre estate for extra cash 2 years after £184m win

EUROMILLIONS winner Adrian Bayford is planning on renting out his luxury eco-farmhouse to make some extra cash.

The ex-postie who scooped up £148million in 2012 with his ex-wife Gillian bought the mega-mansion two years after he won big on the lottery.

Great Wilbraham Hall in Cambridge is now in the process of becoming a refurbished short-term holiday home – for those who can afford it.

Bayford landed £148million on Euromillions in 2012 with ex-wife Gillian

7

Advertisement
Bayford landed £148million on Euromillions in 2012 with ex-wife GillianCredit: Splash
He purchased the famous farmhouse back in 2014

7

He purchased the famous farmhouse back in 2014Credit: STRUTT AND PARKER
He now plans on renting out his mega-mansion as a short term holiday home

7

He now plans on renting out his mega-mansion as a short term holiday homeCredit: Splash
The farmhouse is situated on the millionaire's 189-acre estate

7

The farmhouse is situated on the millionaire’s 189-acre estateCredit: STRUTT AND PARKER

The farmhouse was used by family and friends until last summer, where it has since stood empty.

Advertisement

Before it’s on the market, Bayford is keen to give the property a revamp and has applied to Greater Cambridge Planning to make some changes.

His planning permission application stated: “The applicant seeks full planning permission for the change of use of Great Wilbraham Hall Farmhouse from residential use to short-term holiday let.”

“As the property has been vacant for some time and there are signs of deterioration in condition we feel that a refurbishment program is necessary to bring the property back into a viable use.”

The 53-year-old lottery winner has also asked for Listed Building consent to create six bedrooms which would sleep 13 people.

Advertisement

This would include a conversion of a first floor bedroom into a bathroom, internal redecoration, an upgraded kitchen, and refurbishing and re-painting the sash windows.

All changes would be made internally and the outside of the property, and the restate of the estate, would remain the same.

The planning application states why Bayford believes the refurb is necessary.

“We feel this program of refurbishment will protect the condition of the property for years to come and will provide much sought after accommodation.”

Advertisement

Inside Adrian Bayford’s unlucky love life

ADRIAN Bayford has been unlucky in love.

The former postie and cleaner wife Gillian famously celebrated their 2012 win by ordering a Domino’s takeaway despite just joining the country’s rich list.

They split the following year – with Gillian promptly returning to her native Scotland with the couple’s two children.

Advertisement

There she found love with car salesman Alan Warnock.

Adrian then asked sausage factory worker Marta Jarosz, 38, to marry him in a text.

The trained bodyguard and martial arts expert from Poland met Adrian while she was working on the door at his local pub in December 2013 – a month after his split from wife Gillian.

It’s unknown if they actually were engaged.

Advertisement

The pair the called it quits — but not before she was given a £34,000 top-of-the-range Volvo V40.

Next, the lotto winner moved stable girl Samantha Burbridge into his mansion — before she ran back to her penniless ex, taking £500,000 of horses Adrian bought her.

He then moved on to Frankie & Benny’s waitress Lisa Kemp, 42.

Adrian was also ready to wed her before she dumped him for allegedly messaging his ex, Marta.

Advertisement

He was said to have messaged her confessing: “I want you” and “I would marry you no probs”.

Now, comes his latest lover – Tracey Biles.

The pair were pals for years before she dumped bus driver partner Mark Newman, and moved in with the multi-millionaire in 2022.

He popped the question at Christmas and they plan to marry at his favourite Indian ocean resort — where he also took his three exes.

Advertisement

His pal said: “Adrian has always been so soft and, in his own way, he’s actually a real romantic.”

This isn’t the first time the fancy farmhouse has been upgraded with the rock music fanatic planning to install a set of solar panels in September.

These sustainable energy sources would generate enough electricity to power the entire estate.

The multi-millionaire used his prize money to purchase the two-storey thatched farmhouse building, splashing out on the estate.

Advertisement

Big spender Bayford is no stranger to luxury as these property refurbishments follow a ‘no expense-spared’ wedding after splitting with wife and with fellow winner Gillian.

After a string of unsuccessful entanglements, the millionaire proposed to Tracey Biles, 45, his fourth fiancée in 12 years.

Bayford’s friend told The Sun they are planning a massive bash abroad.

To prove his commitment to his ambulance worker Tracey, he has moved her parents into one of the cottages on his estate.

Advertisement

His friend added: “I mean, that might not be for everyone but they all get on so well — and, let’s face it, there’s plenty of room up there.”

The Euromillions winner has planted a vineyard covering 40,000 square meters

7

The Euromillions winner has planted a vineyard covering 40,000 square metersCredit: Splash
The Cambridge Rock Festival was previously held on the huge estate

7

The Cambridge Rock Festival was previously held on the huge estateCredit: Bav Media
Bayford revealed eco-estate is soon set to be fully powered by solar panels

7

Advertisement
Bayford revealed eco-estate is soon set to be fully powered by solar panelsCredit: Bav Media

Source link

Continue Reading

Trending

Copyright © 2024 WordupNews.com