Nationwide offers £370 free money deal for new customers
Nationwide's new FlexDirect account offers £175 switching bonus, £120 cashback, and £75 interest – up to £370 in free money for new customers.
Category : Finance Banking
£10k savers urged to switch or lose £300
Households with £10,000 in the bank risk losing over £300 as big banks pay as little as 0.75% interest. Switching to a building society could earn £422 a year.
Martin Lewis: Free £240 cash before Christmas via bank switch
Martin Lewis reveals how households can secure a free £240 cash bonus before Christmas by switching banks, with the Santander Everyday account paying by December 15.
Cash ISA warning: £10k savers face £12k limit change
Households with over £10,000 in cash ISAs risk missing out as Andy Burnham's government cuts the tax-free limit to £12,000 from April, with older accounts paying just 1.94% interest.
£20,000 savers warned missing out on £764 interest
Savers with £20,000 in an average instant access account earn around £190, but could earn £764, according to Hargreaves Lansdown's Anna Macdonald.
IFS: Means-testing PIP could save £8.2bn
The Institute for Fiscal Studies recommends the DWP consider means-testing PIP, potentially saving £8.2 billion, though it notes behavioural responses would reduce the actual saving.
Pension rule boosting pots by thousands
Compound investment growth can deliver around £65,000 of a £100,000 pension pot, according to Standard Life. Starting early and avoiding the default fund could boost retirement savings further.
Cash ISA limit cut to £12,000 for under-65s from 2027
From April 2027, the cash ISA limit falls to £12,000 for under-65s, while over-65s keep the full £20,000 allowance, under new PM Andy Burnham.
Third of over-50s unsure on pension access, survey finds
New research reveals around one in three workers over 50 haven't decided how to access pension savings, with women showing lower confidence than men in retirement options.
Cash ISA allowance cut to £12,000 for under-65s from 2027 (06.09.2026)
Cash ISA annual allowance will be halved to £12,000 for under-65s from April 2027, with a 22% charge on cash interest held in stocks and shares ISAs, while pensioners keep £20,000.
UK households face £2,400 Iran war income hit
UK households will lose £2,400 in real income by 2027 due to Iran war inflation, says CEBR, with £1,100 wiped off in 2026 and £1,300 more in 2027.
Energy bills could rise £260 by 2030 despite pledge
Household electricity bills could rise by £264 to £1,145 by 2030 due to net zero costs, Boston Consulting Group warns, despite government pledges.
ISA allowance cut to £12,000: New rules for savers
Under-65s face ISA allowance cut to £12,000 from April 2027, with £8,000 for investments taxed at 22%. Retirees keep £20,000 cash limit.
91% tax hit warning on inherited pensions from April
Families could face a 91% tax charge on inherited pensions from April under Labour's John Healey and Andy Burnham, NFU Mutual calculations show.
AJ Bell warns over common SIPP mistakes and pension rules
AJ Bell warns pensioners about common SIPP mistakes, including contribution limits, carry-forward rules, and the minimum pension age rising to 57 in 2028.
Pension inheritance tax changes spark 50% rise in enquiries
From April 2027, untouched pension pots will face inheritance tax, prompting a 50% surge in planning enquiries, says adviser David Stirling.
HMRC tax bill warning for 5 million savers
Frozen thresholds mean 5.3 million non-ISA savings accounts are now liable for tax, up 1,047% from 2018. 2.1 million aged 65+ face HMRC bills, with total tax liability forecast to reach £3.34 billion by 2026/27.
Millions born before 1992 could get £70 Mastercard payout
Millions born before 1992 could receive up to £70 compensation after Mastercard settled a landmark UK legal case for £200m, with payouts expected next year.
11 Supermarket Staples Rising Most in Price Since 2021
Food inflation fell to 1.3% in July, the lowest since September 2021, but 11 staples including olive oil and beef have surged since the cost of living crisis began.
HMRC sends 81,000 crypto warning letters in tax crackdown
HMRC has sent 81,000 warning letters to crypto traders suspected of underpaying tax, a 25% increase from last year, according to a Freedom of Information request by UHY Hacker Young.
HMRC to contact 1.7 million savers over tax bills
HMRC will write to 1.7 million savers with tax bills, as new forecasts show 4.5 million people will pay tax on savings interest, up from 2.7 million predicted in March.
Burnham urged to review 22% ISA tax before 2027
Labour government, led by Andy Burnham, will impose a flat 22% tax on interest from uninvested cash in non-cash ISAs from April 2027. InvestEngine's Andrew Prosser urges a review, warning it may deter savers.
2.1m over-65s face savings tax bills by 2026/27
New HMRC data shows 2.1 million over-65s will pay tax on savings income in 2026/27, a fourfold rise from 2022/23, with total liability reaching £3.34 billion.
Burnham pension change could cut take-home pay by 4%
A pension shake-up under PM Andy Burnham could cut take-home pay by 4% for the lowest-earning third of workers, if contributions rise to 12% from the first pound earned, IFS research warns.
NatWest and RBS to Cut Cashback on Reward Accounts
NatWest and RBS Reward customers lose £1 monthly app login cashback from October 1, reducing annual earnings from £36 to £24, while Direct Debit rewards remain.
30,000 pension savers hit by HMRC annual allowance charges
HMRC data shows 30,440 pension savers breached the annual allowance in 2024/25, up 22% from last year, triggering tax charges.
Birmingham Premium Bonds: 14 big prizes won - check now
Two Birmingham savers won £100,000 and £50,000 in August's Premium Bonds draw, which produced 14 prizes of £10,000 or more for the city. Check your numbers.
Blind Person's Allowance adds £3,250 to tax allowance
Blind Person's Allowance adds £3,250 to tax-free Personal Allowance, pushing it over £15,000. Andy Burnham says no change promised before Budget.
HMRC Collects Over 3m in ISA Penalties Averaging 9,448
HMRC has collected more than £3m from 326 ISA savers, averaging £9,448 each, for breaches like failed transfers and early Junior ISA withdrawals.
NatWest launches home insurance tracker with Uinsure
NatWest and Uinsure launch a new home insurance tracker offering quotes in under 60 seconds, with a panel of leading UK insurers competing on price.
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