Rachel Reeves Tax Freeze Hits 600k More Pensioners
Rachel Reeves' decision to freeze tax bands will drag 600,000 more pensioners into paying income tax, including those with modest savings.
Category : Finance Banking
Rachel Reeves confirms £240 per year charge for drivers
Chancellor Rachel Reeves confirms new pay-per-mile tax for electric and plug-in hybrid vehicles from 2028, charging 3p per mile for EVs, costing average drivers £240 yearly.
Energy Discount Wiped Out by Tax Threshold Freeze
A £117 energy bill discount is rendered meaningless as frozen tax thresholds push households £160-£220 worse off, according to Lib Dem research.
Hybrid Car Tax Plan Moves Forward Under Reeves
Chancellor Rachel Reeves faces backlash over a new pay-per-mile tax on hybrid vehicles, set for 2028, which critics say amounts to double taxation for drivers.
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2027 ISA Changes: Pensioners Spared, Limit Cut to £12k
Chancellor Rachel Reeves has confirmed that from 2027, the cash ISA annual limit will be cut to £12,000 for under-65s, while pensioners retain the £20,000 allowance.
Get Paid to Use Electricity with Smart Meters This Weekend
UK households with smart meters can earn up to £10 by using electricity between 8am-4pm on May 2-4. Sign up by April 29 via Uswitch app.
Octopus Energy bills rise from May 1 with short notice
Certain Octopus Energy customers on Octopus Go tariffs will see higher bills from May 1 after being given only a fortnight's notice, with standing charges rising by 52p monthly.
UK Mortgage Rates May Rise Again Amid Iran War
UK households face potential mortgage rate hikes as Middle East tensions and inflation rise. Experts warn of 'limbo' for borrowers.
EDF Only Supplier Offering Free Electricity Sundays
EDF launches Sunday Saver challenge, giving customers free electricity on four Sundays in May. Earn up to 64 hours of free power by shifting usage away from peak hours.
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5.6 Million Overpaid Tax: Martin Lewis Urges Payslip Check
Research reveals 5.6 million people overpaid £3.5 billion in income tax last year. Martin Lewis urges households to check tax codes regularly.
Minister: Prices to Stay High Months After Iran War Ends
A UK minister warns that prices will remain elevated for at least eight months after the Iran war ends, citing supply chain disruptions via the Strait of Hormuz.
730,000 HMRC Tax Refunds Unclaimed: Check Your Code
Hundreds of thousands of UK households are missing out on an average of £855 in tax refunds, with 730,000 payments from HMRC going unclaimed. Check your tax code now.
Premier Account Warning: Poor Rates and Restrictions
Spring warns that most paid-for and premier current accounts from big banks have poor rates and restrictions, with tiered interest and withdrawal limits.
UK Households Rush Pension Withdrawals Before IHT Change
Nine in ten financial advisers report clients accelerating pension withdrawals before Inheritance Tax changes in 2027, with concerns over volatility and long-term resilience.
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HMRC Sending £689 Payments Over Tax Code Errors
Martin Lewis warns millions of UK workers and pensioners may be overpaying tax. Check your tax code to reclaim an average of £689.
UK Fuel Prices High for Eight Months After Conflict
Chief Secretary Darren Jones warns that high UK petrol and diesel prices may persist for eight months after the Middle East conflict ends, impacting energy and food costs.
HMRC Responds to 'Not Yet Used' Refund Status
HMRC explains why some tax refunds show 'not yet used' status, citing security checks or address issues, and advises calling for help.
Drivers Hit with £200 Car Tax Increase from April 1
Chancellor Rachel Reeves confirms a £5 rise in Vehicle Excise Duty, bringing the standard rate to £200 for most cars registered after 2017. The new charge takes effect from April 1.
Salary Sacrifice Schemes Face Axe After Reeves Rule Change
Nearly half of UK employers offer salary sacrifice for pensions, but a fifth plan no changes despite new NI cap. Experts urge action before 2029.
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British Gas: Follow 11am Sunday Rule to Cut Energy Bills
British Gas customers can cut electricity costs by 50% every Sunday from 11am through the PeakSave scheme. Over £36 million saved so far.
Car Insurance Error Could Cost Drivers £806
A car insurance error risks drivers a £806 bill as 3.1 million admit double insuring. Experts urge organizing policies to avoid fees.
First Direct £175 Bonus for New Current Account Customers
First Direct is offering a £175 welcome bonus to new customers who switch to their 1st Account, meet deposit and debit card requirements, and log on to digital banking.
NatWest warns of uncertainty amid Middle East conflict
NatWest has warned customers of increased uncertainty due to global factors, including the Middle East conflict, despite UK business growth in early 2026.
Over 4 Million UK Households Still Paying Christmas Debt
A study reveals 4.29 million UK households are still repaying Christmas debt, with 74% using credit cards or Buy-Now-Pay-Later schemes. It takes an average of 3.8 months to clear the debt.
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State Pensioners Born Before 1960: Withdraw £1 to Avoid HMRC Bill
HMRC overtaxation on pension withdrawals hit £44 million in Q1 2026. Experts urge state pensioners born before 1960 to withdraw £1 first to avoid overpayment.
Octopus Energy Hikes EV Tariff Prices with Two Weeks Notice
Octopus Energy raises prices for Intelligent Octopus Go and Octopus Go customers from May 1, citing global volatility. Customers express fury over short notice.
HMRC contacts 21-year-olds about lost child trust funds
HMRC is contacting 21-year-olds born before 2005 about unclaimed child trust funds, with an average balance of £2,200, as part of a new awareness campaign.
DVLA Cancels Licences of Over-90s on Eyesight Grounds
The DVLA cancelled driving licences for 1,202 motorists aged 90 and over due to eyesight concerns. Over-70s also affected as safety crackdown looms.
Ex-PL Star Denies Driving Lamborghini in Birmingham Speeding Case
Former West Ham striker Michail Antonio denies being behind the wheel of a Lamborghini accused of speeding in Birmingham, facing a driving ban after a court found him guilty in his absence.
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Barclays Shuts Website, Forces Customers to Use App
Barclays announces closure of its online banking website this summer, requiring customers to switch to the app, sparking backlash over accessibility concerns for older and non-tech-savvy users.
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