Six UK banks face complaints as customers get £215 payouts
Six major UK banks received the most complaints in late 2025, with customers getting average payouts of £215. Lloyds, Santander, Barclays, HSBC, and NatWest lead the list.
Category : Finance Banking
DWP New Pension Rules: £31,000 Boost for 22 Million
The DWP has confirmed the Pension Scheme Act is now law, benefiting 22 million workers with up to £31,000 more in retirement savings through lower costs and higher returns.
HMRC: 654,000 More in 40% Tax Bracket
HMRC data reveals 5.76 million people were in the higher 40% tax bracket in 2023/24, up 654,000 from the previous year, due to frozen thresholds and rising incomes.
HMRC Cracks Down on Landlord Tax Loophole Using LLPs
HMRC warns landlords against using LLPs to avoid tax, stating the scheme does not work and risks penalties, interest, and higher tax bills.
Rachel Reeves Cancels Fuel Duty Rise for 2026-27
Chancellor Rachel Reeves cancels the inflationary increase in fuel duty for 2026-27, saving motorists over £90. Oil prices remain above $100 amid Middle East conflict.
Santander Issues Update on £829 Payouts Amid Profit Slump
Santander UK updates customers on £829 motor finance compensation payouts, as profits fell 44% in Q1 due to £179 million provision for mis-selling scandal.
£516 Cost of Living Payments Moved to July 2026
Jersey Government advances £516.50 Community Costs Bonus to July, providing early cost of living support to eligible households in 2026.
Millions risk £202 energy price hike in July
Nearly 12 million UK households on standard tariffs face a £202 energy price hike in July, with many unaware of the upcoming increase, new research reveals.
Santander customers can claim free £50 by Thursday
Santander customers can get a free £50 Amazon voucher by opening an Everyday account, but the offer ends at 1pm on Thursday, April 23. Martin Lewis' MSE alerts users.
NS&I Raises Interest Rates on British Savings Bonds
NS&I has increased interest rates on its fixed-term British Savings Bonds, including Guaranteed Growth and Guaranteed Income Bonds, with rates up to 4.50% AER.
DWP Told to Shift Thousands Off Universal Credit in Overhaul
Iain Duncan Smith backs Tony Blair Institute's call for welfare reform, noting six million workers earn less than some claimants and urging DWP to use Universal Credit tools.
Three UK Banks Pay £40 Goodwill to 80,000 Customers
Over 80,000 Lloyds, Halifax, and Bank of Scotland customers may receive £40 after a data glitch allowed others to see their transactions.
UK households risk £348 extra on energy bills from July
Households on standard tariffs could pay £348 more annually for energy from July, as the price cap rises 12%. Fixed deals offer savings of up to £384 for high-use homes.
Nationwide Partners with PayPoint for Cash Deposits
Nationwide Building Society partners with PayPoint, allowing members to deposit up to £300 daily at over 3,000 locations across the UK, expanding cash management options.
Amazon and eBay Shoppers Warned Over Pay by Bank
Money Saving Expert warns Amazon and eBay shoppers that using 'Pay by Bank' may forfeit Section 75 and chargeback protections, urging caution for big purchases.
Turn April Pay Rise into £50,000 Pension Boost
Millions of UK workers who received an April pay rise are urged to divert the extra cash into their pensions, potentially turning a modest increase into over £50,000 by retirement.
HMRC Urgent Child Benefit Letters to 1.5 Million Households
HMRC is sending urgent letters to 1.5 million parents in May to remind them to extend Child Benefit claims for 16-to-19-year-olds in education or training.
Avoid £100 Passport Mistake: Expert Tips After 2026
BBC expert warns UK passport holders of costly mistakes after 2026 price hikes. Save £15 by applying online and avoid intermediary sites charging up to £100.
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.
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.
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.
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.
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