Warning for Brits with £10,000 in bank accounts
Millions are losing money as inflation erodes large cash balances in zero-interest current accounts. Experts urge a switch to easy-access savings or Cash ISAs to protect your savings.
Category : Search result: Cash ISA loophole
Nationwide's 4% ISA pays £400 on £10k savings
Nationwide Building Society is offering a 4% fixed-rate cash ISA, paying £400 interest on a £10,000 deposit. Experts urge savers to act fast as banks cut rates.
Nationwide customers on course for £275 cash bonus
Nationwide Building Society's 'Fairer Share' initiative could see members receive a £100 bonus in 2026, with new joiners eligible for an extra £175 switch offer, totalling £275.
Nationwide warns of cash surge as branch closures bite
Nationwide reveals cash withdrawals hit a new high of £4.2bn in 2025, but warns the trend is 'exacerbated' by widespread bank branch closures. Discover the full story.
Birmingham faces £162 ISA tax charge in HMRC crackdown
HMRC plans to close a Cash ISA loophole, potentially hitting Birmingham households with a £162 tax charge. Learn how the 2027 reforms affect your savings.
Record £5.1bn ISA rush before allowance cut
UK savers deposited a record £5.1bn into Cash ISAs fearing a Budget cut. The new £12,000 cap from 2027 impacts affluent savers. Learn how to protect your savings.
ISA rule change to penalise 'sensible' cash savers
Chancellor Rachel Reeves's Autumn Budget changes will force savers to invest £8,000 of their ISA allowance. Experts warn it penalises low-risk savers and complicates retirement planning. Read the full analysis.
ISA Limit Slashed to £12k, Pensioners Keep £20k Allowance
Chancellor Rachel Reeves confirms the cash ISA annual limit will be cut from £20,000 to £12,000 from April 2027. However, state pensioners aged 65+ will retain the higher £20,000 allowance. Read the full details.
UK ISA rule change brings £162 penalty for cash holdings
UK households could be hit with a £162 tax penalty under new HMRC rules targeting cash held in Stocks & Shares ISAs. Learn how the 2027 changes affect your savings.
Savers warned of £8,000 ISA allowance cut
Experts warn of 'unnecessary tax' as the cash ISA limit drops to £12,000 in 2027. Learn how to protect your savings and maximise your personal savings allowance.
Savers lose £333 by sticking with high street banks
Savings expert Matthew Jenkin warns UK bank customers could miss out on £333 interest on £10k by not switching from high street banks. Find out how to maximise your savings in 2026.
Which? warns savers against high street bank loyalty
Personal finance expert Matthew Jenkin reveals how sticking with familiar banks could cost UK savers hundreds. Discover how to find better rates and protect your savings.
£2bn tax loophole in car finance scandal sparks outcry
A £2bn tax loophole allows non-bank lenders to deduct car finance compensation from profits, cutting their tax bill. Calls grow for the government to act. Read the full story.
Triple Tax Whammy to Cost UK Savers £2,380
Millions face higher tax bills as Labour cuts Cash ISA allowance to £12,000, freezes savings allowance & hikes rates. See how it impacts you.
Homeless to get £2,000 in UK-first cash trial
A UK-first trial will give 125 homeless people in London and Belfast £2,000 each with no spending rules. The study aims to see if direct cash improves long-term outcomes. #Homelessness #SocialPolicy
Best 28 savings accounts for UK households after Christmas
Moneyfactscompare unveils the best savings rates for the week of Dec 29, 2025. Expert urges switching to beat inflation. Discover top regular, fixed-rate and Cash ISA deals.
ISA cap cut to £12,000 may leave savers £300k richer
Chancellor Rachel Reeves slashes cash ISA allowance to £12,000 from 2027. Experts reveal how using the new £8,000 stocks & shares allowance could leave you £300,000 better off.
UK Cash ISA Holdings Hit £207bn, Up 14%
UK households now hold £207 billion in cash ISAs, a 14% annual rise, as savers build buffers against economic uncertainty. New Autumn Budget rules will change limits from 2027.
Five-point plan to beat Labour's Autumn Budget
UK households are urged to act on a five-point financial plan following Chancellor Rachel Reeves's Autumn Budget. Experts advise using ISA allowances, reviewing salary sacrifices, and strategic gifting to mitigate tax changes.
ISA rule change hits 2 million with higher tax
A new ISA limit of £12,000 from April 2027 means millions could pay tax on savings interest. See how basic and higher-rate taxpayers are affected.
ISA rule change to cost UK households over £1,200 in tax
Millions face a tax bill after the cash ISA allowance was cut from £20,000 to £12,000. Analysis reveals higher-rate taxpayers could lose £1,216. Explore tax-free alternatives now.
HMRC to crack down on ISA tax-free allowance loopholes
HMRC unveils strict measures to prevent savers circumventing the new £12,000 cash ISA limit from April 2027. Experts warn of 'stealth tax' on investors.
Three moves for UK savers to outwit Labour's ISA changes
Following the Autumn Budget, experts advise UK households on three key strategies using ISAs, pensions, and SIPPs to protect savings from new tax rules. Act now to optimise your finances.
UK Savings Tax Rates to Increase from April 2027
UK households face higher tax on savings interest from 2027. Learn how the personal savings allowance and new ISA caps will affect your money. Act now to protect your savings.
Lifetime ISA could be scrapped in 2026 government review
The UK government has announced a consultation for early 2026 that could see the Lifetime ISA replaced, impacting first-time buyers' savings and property purchase limits. Learn what this means for you.
Skipton's urgent message on ISA rule changes
Skipton Building Society issues urgent guidance following the government's cash ISA limit cut. Expert Alex Sitaras shares vital tips to protect your savings from tax. Discover your options now.
Drivers use loophole to avoid £3,840 new car tax charge
Company car drivers are using flexible leases to avoid a major tax increase on plug-in hybrids. Learn how the new Benefit-in-Kind rules work and the temporary relief period.
DWP benefit loophole lets drivers escape driving bans
Motorists are avoiding disqualification by claiming they rely on Motability cars. Courts are granting leniency, sparking a debate on preferential treatment and legal loopholes.
Cash savings 'eroded' warns UK finance experts
UK households risk damaging retirement prospects by relying too heavily on cash savings. Experts urge considering stocks & shares ISAs for long-term growth.
Historic Monarchs Feature on Festive Chocolate Coins
Chocolatier crafts giant edible coins of Henry VIII and Queen Victoria to celebrate a new banking hub in Essex. Discover the sweet link between cash, history, and Christmas tradition.
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