HMRC data reveals a dramatic 132% increase in basic rate taxpayers facing savings interest tax, with over 1.4 million receiving letters demanding an average of £641. Pensioners are particularly affected as frozen thresholds pull more into the tax net.
Households can save over £200 yearly by switching from the price cap to a fixed energy deal as the cap falls 7% in April. Experts urge action now to lock in lower rates.
State pensioners are being warned not to ignore brown letters from HMRC arriving in the post, which may indicate overdue tax payments, simple assessments, or tax avoidance notices.
Lloyds Bank, Barclays, and Santander are launching new current account switching bonuses, with payments of £500, £400, and £200 respectively. These offers, highlighted by MoneySavingExpert, target both high earners and broader audiences, featuring cash in
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New data reveals UK household costs increased by 3.6% in the year to December 2025, with private renters experiencing higher inflation at 3.8% compared to outright homeowners at 3.4%.
HMRC's intensified enforcement against the UK's 2,000 largest businesses has resulted in £16bn in extra tax collected and 636 penalties issued, with tax recovery doubling in three years.
Tesco shoppers are urged to scan their Clubcard vouchers before midnight on Saturday, as £11 million worth are set to expire. Martin Lewis advises checking dates and using reward partners for better value.
NatWest has launched enhanced life insurance and critical illness cover for customers aged over 50, featuring a modern digital platform and expanded protection for 52 conditions.
Analysis reveals thousands more UK families will lose inheritance tax allowances under Labour policies, with affected estates expected to quadruple by decade's end.
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Regulators have approved the acquisition of Virgin Money by Nationwide Building Society, with all customer accounts set to transfer on April 2, 2026. The move aims to create a stronger mutual banking group.
Nationwide Building Society has issued a final warning to customers about the withdrawal of its £175 switching incentive at 11:59pm on March 4, 2026. The society has led switching gains for four consecutive quarters.
Nationwide's subsidiary The Mortgage Works has reduced rates by up to 0.20 percentage points on selected fixed-rate products for limited company buy-to-let landlords, effective this week.
Lloyds Bank has announced it will stop opening joint, premium, and student accounts in branches, requiring customers to use online services instead. Critics warn this move signals the decline of traditional branch banking.
Thousands of sole traders and landlords are receiving urgent HMRC letters about the new Making Tax Digital system. Those with income over £50,000 must switch to quarterly digital reporting by April 2026 or face penalties.
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Thousands of UK workers could be eligible for HMRC tax rebates for uniform expenses, with pilots potentially receiving up to £2,044. Learn about flat-rate allowances and how to claim.
New analysis reveals over 6.5 million UK current accounts holding £10,000+ earn zero interest, with £324.8bn collectively trapped. Experts urge switching to better savings options.
Drivers are being warned that optional extras on cars can push vehicles over tax thresholds, leading to thousands in extra charges under the Expensive Car Supplement.
Allica Bank introduces a business account with up to 1.5% cashback and 4.08% AER on savings, featuring modern tech and dedicated support to simplify money management for UK businesses.
Analysis reveals Rachel Reeves' pension salary sacrifice reforms could affect millions beyond higher earners, with employers likely to pass costs to workers.
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HMRC alerts millions of low-income families to check eligibility for up to £1,200 in free bonus cash through the permanent Help to Save scheme, with expanded criteria from April 2028.
A Which? investigation reveals many car insurance policies exclude coverage for items like phones, laptops, and documents stolen from vehicles, urging drivers to review terms.
The UK state pension age increases from April, impacting millions born after 1959 with longer waits for payments. Those turning 66 will see phased changes.
Owners of high-value vehicles priced over £40,000 will see their annual vehicle excise duty increase by £425 from April 2026, with electric cars also losing their tax exemption.
Married couples and civil partners under 90 may receive £1,260 in tax breaks, including £1,000 backdated cheques, due to HMRC's increased Personal Allowance.
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The Nissan Qashqai is the most clocked car in the UK for 2025, with Volvo SUVs also heavily targeted. Experts warn mileage fraud distorts vehicle values.
Evelyn Partners advises savers to consider 'turbo-charging' retirement pots before April 5 deadline while pension tax relief remains at highest marginal rates.
UK households with incomes under £50,270 are being encouraged to claim the marriage tax allowance, a HMRC perk that can save up to £252 annually by transferring unused personal tax allowances between partners.
HMRC rules allow certain households to legally increase their Personal Allowance from £12,570 to £16,320 through the Rent a Room Scheme, enabling tax-free rental income under specific conditions.
Senior wealth managers recommend a structured three-month savings approach for retirees, emphasizing budgeting, automated contributions, and long-term investment principles to build financial security.
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The average credit card purchase APR has surged to 35.8% in February, marking the highest level in at least two decades. Finance experts warn borrowers to review debts and consider balance transfers.
