HMRC Ends Home Working Tax Relief from 2026
UK employees required to work from home will lose tax relief on household costs from April 2026, impacting an estimated 300,000 workers with increased tax bills.
Category : Finance Banking
UK Households Face Large HMRC Bill After April Deadline
Business owners are being warned about significant changes to inheritance tax business relief from Chancellor Rachel Reeves, with new caps on relief from April 6 creating potential large bills.
HMRC Crackdown on Side Hustle Income Over £1,000
HMRC is intensifying scrutiny of side hustle earnings as the self-assessment deadline approaches. Experts warn that income exceeding the £1,000 trading allowance must be declared to avoid penalties.
HMRC Urges Young Adults to Claim £2,200+ Child Trust Funds
HMRC is urging UK residents aged 18-23 to check eligibility for unclaimed Child Trust Funds, with average payouts around £2,242. Over 758,000 young people may be owed money.
UK Inflation Rises to 3.4%, 2% Target 'Pipe Dream'
Inflation in the UK increased to 3.4% in December 2025, with experts stating the Bank of England's 2% target now looks like a distant 'pipe dream'.
HMRC Pays £3,800 Refunds to 13,000 UK Pensioners
HMRC has refunded £48.7 million in overpaid pension tax to nearly 13,000 people, with average repayments of around £3,800 following lump sum withdrawals.
Martin Lewis: 14 Million Overpaying on Mobile Contracts
MoneySavingExpert founder Martin Lewis warns millions of Brits are paying excessive mobile contract fees and provides a step-by-step guide to checking status and switching to better deals.
Nationwide: Send Cash via Selfie in App Shake-Up
Nationwide Building Society introduces biometric selfie verification, allowing customers to send money without a card reader, enhancing security and convenience for UK users.
Barclays: Prepare for 2026 mortgage cost rise
Barclays urges homeowners to prepare for higher borrowing costs as 22% face remortgaging. Data shows a rise in low-deposit first-time buyers. Expert advice on budgeting and saving.
NatWest: Mid-Market Businesses See Solid December Growth
NatWest data shows over one million business customers saw a solid output expansion in December. Business confidence for 2026 remains strong, led by mid-market firms. Read the full analysis.
Fraudster must repay £197k or face jail
Zahid Afzal, 37, has been ordered to repay almost £200,000 after fraudulently claiming Covid support loans for his mobile phone shops. He faces prison if he fails to pay within three months.
BoE Rate Cut Paused as UK Wage Growth Slows
UK wage growth slows to 4.5% but remains too high for an immediate interest rate cut. Economists now expect the Bank of England to hold until at least April. Read the full analysis.
Life insurance warning over old policy payout exclusions
Holders of older life insurance policies risk being denied terminal illness payouts due to little-known clauses. Experts warn thousands could be affected. Read the full story.
Nationwide Cuts Savings Rates for Millions
Nationwide Building Society is reducing interest rates on several savings accounts from February 10, following the Bank of England's base rate cut. Find out if your account is affected.
Millions Overpaid £620 Each in Tax, HMRC Data Shows
HMRC data reveals 5.6 million taxpayers overpaid £3.47bn last year. Experts urge Brits to check their tax code now to avoid losing an average of £620 per person.
Millions risk fines as tax return deadline nears
Over 5.6 million taxpayers risk penalties for late self-assessment returns. Experts warn of common mistakes with capital gains and payments on account. File before January 31.
21% of Brits Admit Falling for Financial Fraud
New research shows 21% of Brits have been scammed, with many realising too late. Experts urge vigilance and open discussion to combat rising fraud. Learn how to protect yourself.
Nationwide slashes rates on 36 savings accounts
Nationwide Building Society is reducing interest rates on 36 savings products next month, impacting millions. See the full list of affected accounts and the new lower rates.
Lloyds Bank customers can get £250 free cash
Lloyds Bank is giving customers up to £250 for referring friends. Learn how to claim the £50 cash bonus for you and your friend with this simple guide.
Portishead banking hub plans move forward
Plans for a new banking hub in Portishead progress, offering vital counter services and community bankers. A lifeline as high street banks retreat. Read the latest details.
Monzo's free tax tool for sole traders ahead of HMRC changes
Monzo introduces a free, HMRC-approved tax filing tool for business customers, simplifying quarterly submissions ahead of Making Tax Digital rules in April 2026.
Nationwide cuts savings rates for millions of customers
Nationwide Building Society is cutting interest rates on several savings accounts from February 10. Find out which accounts are affected and what it means for your money.
HMRC could cap cash ISA interest in savings shake-up
HMRC floats capping ISA cash interest to prevent circumventing new limits. Industry warns of complexity and a £60bn missed investment opportunity. Read the full analysis.
80% of UK Businesses Plan to Seek External Funding
Santander UK reveals a surge in business optimism, with 80% seeking funding and 88% forecasting revenue growth. Discover the key trends shaping corporate finance in 2026.
Massive Week for UK Mortgages as Key Data Looms
UK mortgage brokers warn borrowers to prepare for volatility as crucial wage and inflation data is released this week, which could reverse recent rate cuts or spark a price war.
HSBC offers record £750 bank account switching bonus
HSBC launches the UK's biggest-ever bank switch incentive at £750. Find out the salary and savings requirements to qualify for this Premier account offer before 23 Feb 2026.
Lloyds Bank closes 5 branches this week
Lloyds Bank is closing 71 branches in 2026, with five shutting this week. Critics warn the move impacts elderly and disabled customers. Read more on the shift to digital banking.
Bank paying 3.83% interest on instant access savings
As interest rates fall, savers are losing money. Discover the UK's fastest-growing fintech, Allica Bank, offering up to 3.83% AER on instant access business savings and 1.5% cashback.
ISA rule changes could 'make things worse', expert warns
Chancellor Rachel Reeves' proposed ISA changes, cutting the annual limit to £12,000, may confuse novice investors. An expert explains the risks. Read the full analysis.
Savings Rates Hit Lowest Level in Three Years
UK savings rates have fallen to a three-year low, with the average rate now at 3.35%. Experts warn of further drops and suggest considering long-term investments to protect your money.
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