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.
Category : Finance Banking
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.
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.
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.
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.
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.
Pensioners Withdraw Cash Before 2027 Inheritance Tax Rule
State pensioners born before 1960 are accelerating pension withdrawals as new inheritance tax rules approach in April 2027, with financial advisers warning of significant risks.
UK Mobile Data Rationing Plans Amid Energy Crisis
VodafoneThree, Virgin Media O2, and BT-owned EE may reduce speeds or introduce surge pricing after being excluded from a government energy relief scheme, impacting households nationwide.
Santander Names New Cater Allen CEO After 17 Years
Santander UK has announced Kitty McCormick as the new CEO of Cater Allen Private Bank, succeeding Jon Howe after his 17-year tenure, marking a significant shift for millions of customers.
UK Warns Against Misleading TikTok Fin-Fluencer Advice
A new analysis reveals 93% of trading-related TikTok videos are potentially misleading, with millions of Brits exposed to harmful financial advice lacking proper risk disclosures.
Virgin Money Reduces Fixed Mortgage Rates Up to 0.45%
Virgin Money announces significant reductions in selected fixed mortgage rates, with cuts up to 0.45%, while increasing 2-year tracker rates by up to 0.25%.
Martin Lewis: Avoid Expensive Card Mistake in Europe
Money saving expert Martin Lewis has issued a crucial warning to British travellers heading to Europe this summer about a simple card choice that could significantly increase costs.
UK inflation rises to 3.3% in March 2026
UK inflation surged to 3.3% in March 2026, driven by Middle East conflict fuel price hikes, posing challenges for the Bank of England on interest rates.
HMRC Alert: Earn Over £50,000? Sign Up for MTD Today
HMRC warns those earning over £50,000 to sign up for Making Tax Digital, requiring digital records and quarterly updates starting April 6.
State pension cut £17 monthly under new Winter Fuel rules
The DWP is cutting state pension payments by £17 a month for some pensioners, as HMRC claws back Winter Fuel Payments from those with incomes over £35,000.
Kia and Hyundai Recall 235,000 Cars Over Safety Fears
Kia and Hyundai are recalling 235,000 vehicles due to fuel leak risks that could cause fires. Owners must visit dealerships for inspections and repairs.
First Class Stamp May Cost £7 by 2035, Report Predicts
A study projects first class stamps could reach nearly £7 by 2035 based on recent price hikes, as Royal Mail invests £500 million to improve delivery times and scrap Saturday second-class post.
Nationwide Cuts Buy-to-Let Mortgage Rates from Wednesday
Nationwide Building Society, with branches in Birmingham, is implementing significant rate reductions on selected buy-to-let mortgages through its subsidiary The Mortgage Works, effective Wednesday morning.
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