Category : Search result: HMRC savings


HMRC warns of fines for late tax returns

HMRC urges self-assessment taxpayers to file by Jan 31 2026 or face initial £100 fines and escalating penalties. Learn the deadlines and how to avoid scams.

DWP claimants can get £1,200 HMRC bonus

Chancellor Rachel Reeves announces the Help to Save scheme is now permanent, offering Universal Credit claimants a 50% bonus on savings, up to £1,200. Learn how to apply.

HMRC uses AI to target tax evasion and fraud

HMRC is turning to artificial intelligence to tackle a £700m tax gap and improve compliance. The technology will identify risks faster but human caseworkers will make final decisions. Read the latest.

Monzo cuts interest rates on savings pots

Monzo is reducing the interest rate on its 1p Savings Challenge and Instant Access Pots from January 6, impacting customer returns. Find out how this change affects your savings.

HMRC cuts late payment interest from 29 December

HMRC announces lower interest rates for late tax payments and repayments following the Bank of England base rate cut. New rates take effect from 29 December 2025. Find out how this affects you.

Bank of England cuts interest rates to 3.75%

The Bank of England has cut the base rate to 3.75%, signalling a shift for savers and borrowers. Experts urge immediate action to secure top savings deals before banks follow suit.

HMRC Christmas Bonus Tax Warning Issued

HMRC warns a Christmas work bonus could push you into a higher tax bracket. A £10,000 bonus risks 40% tax. Experts recommend 'bonus sacrifice' into your pension.

Urgent warning for UK savers ahead of rate cut

Finance experts urge UK savers to move their money as the Bank of England is tipped to cut the base rate from 4% to 3.75% this week. Find out how to protect your savings.

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