NS&I rate cut sparks urgent warning to savers
Following NS&I's latest rate reduction, finance expert Kevin Mountford urges savers to shop around for better deals. Discover top fixed and easy-access alternatives available now.
Category : Search result: taxfree savings allowance
Nationwide £100 bonus taxed as interest by HMRC
Nationwide Building Society confirms it must report customer details to HMRC over its £100 Fairer Share Payment, classified as interest for tax. Find out what it means for you.
NS&I cuts interest rates on new British Savings Bonds
NS&I has launched new issues of its fixed-term British Savings Bonds with reduced interest rates. Find out the new rates for 1 to 5-year terms and what it means for your savings.
ISA Allowance to Fall to £12,000, Building Society Warns
Coventry Building Society urges savers to act as the ISA tax-free allowance is confirmed to fall from £20,000 to £12,000 in April 2027. Experts advise on protecting savings now.
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.
Martin Lewis clarifies UK savings tax rules
Money Saving Expert Martin Lewis explains why hiding cash at home is a bad idea and clarifies exactly how tax on savings interest works for UK savers.
Savings Inertia Could Cost Brits £992 a Year
A new survey reveals over half of Brits haven't moved savings in a year, risking hundreds due to low high street rates. Experts urge action to switch accounts.
HMRC Rule Can Increase Tax-Free Allowance to £13,830
A legitimate HMRC rule allows married couples to transfer part of their Personal Allowance, potentially boosting one partner's tax-free limit to £13,830 and saving up to £1,258. Act before the April 5 deadline.
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.
HMRC update on tax discrepancies for state pensioners
HMRC has issued guidance after a state pensioner raised concerns over tax 'discrepancies' on savings interest. Learn about your Personal Savings Allowance and how to resolve issues.
Savers with £5k+ told to act as banks slash rates
UK savers holding over £5,000 with major high street banks are urged to switch to online accounts for better returns as rates are cut. Discover the top three savings accounts now.
HMRC letters for savers with over £3,500
Nearly 900,000 UK savers may receive letters from HMRC to check tax on savings interest. Experts explain your obligations and what to do if contacted.
HMRC Tax-Free Allowance Hiked to £20,070 for Some
HMRC increases the tax-free personal allowance for some households to £20,070. Learn how the Rent a Room scheme lets you earn £7,500 tax-free from lodgers.
Tax-Free Allowance to Hit £27,070 with Three Hacks
HMRC is set to increase your effective Personal Allowance to £27,070. Discover three legitimate 'hacks' including Rent a Room and Tax-Free Childcare that could save you thousands.
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.
State Pensioners to Get £218 Extra from DWP in 2026
The DWP has announced benefit upratings for 2026/27, including a £218 yearly rise for Attendance Allowance and a key increase for Carer's Allowance. Read the full details.
NatWest's £780 Savings Challenge for 2026
NatWest urges UK households to save £780 in 2026 with a monthly savings challenge. Martin Lewis' team also offers a 1p-a-day plan to save nearly £668. Start your financial year right.
Lloyds Bank offers 6.25% interest savings account
Lloyds Bank launches a competitive 6.25% fixed-rate savings account for eligible Club Lloyds customers. Find out the monthly deposit rules and potential returns.
Martin Lewis issues tax warning to savers with £20,000
Money expert Martin Lewis warns households with over £20,000 in savings could be taxed on interest due to frozen tax bands. Learn how to protect your savings legally.
HMRC warns side hustles over £1,000 tax allowance
HMRC warns UK crafters and side-hustlers to declare income over £1,000. Learn the rules for the 2024-25 tax year and avoid penalties. Register for self-assessment now.
ISA Rule Changes: Act Now if You Have Under £12,000
UK households with savings under £12,000 are urged to review their accounts ahead of major ISA rule changes in 2027. Experts advise using your tax-free allowance now to maximise long-term growth.
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.
Urgent warning for UK savers with over £5,001
Financial experts urge UK households with £5,001+ in savings to move their money. Inflation and low rates are eroding wealth. Learn how to protect your cash.
700,000 benefit awards moved to Social Security Scotland
Over 700,000 DLA, PIP, Attendance and Carer's Allowance awards have been successfully transferred from DWP to Social Security Scotland. Find out what this means for claimants.
NatWest 1p Challenge: Save £668 in a Year
NatWest promotes a simple 1p daily savings challenge, endorsed by Martin Lewis, that can grow to £667.95 in a year. Learn how small daily steps can build a significant nest egg.
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.
HMRC 'Minus Allowances' Cut UK Take-Home Pay
Thousands face reduced pay as HMRC uses 'K' tax codes to claw back debts via PAYE. Experts explain the 'minus allowance' and what to do if you're affected.
Call to Double State Pensioners' Tax Allowance
A parliamentary petition urges HMRC to double the personal tax allowance for state pensioners to £25,140. With 10,000 signatures, it seeks to protect pensioners from rising tax bills as thresholds remain frozen.
HMRC's 0% tax band on £5,000 savings income explained
HMRC has clarified the 'starting rate for savings', a 0% tax band on up to £5,000 of savings income for eligible UK households. Find out if you qualify and how it works.
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