Category : Finance Banking


Santander Closing 26 UK Bank Branches in May

Santander is shutting down 26 high street branches across the UK by the end of May, with Birmingham among the affected areas. The closures follow a trend of digital banking growth, putting 291 jobs at risk.

Ofgem's Three-Word Warning for Energy Bill Scams

Ofgem has issued a critical three-word warning to protect energy customers from sophisticated scammers impersonating the regulator. The watchdog reveals common tactics and urges immediate action.

OECD: UK's 60% Tax Trap at £100,000 Hurts Growth

The OECD's 2026 report criticizes the UK's tax system, highlighting a 60% effective marginal rate for earners between £100,000 and £125,140, which discourages work and hampers economic growth.

State Pensioners Urged to Claim £252 Tax Break

HMRC is urging state pensioners to claim the marriage allowance tax break, which could save eligible couples up to £252 annually. Over 2.1 million couples currently benefit, but millions more may be missing out.

HMRC June Warning for Tax Record Checks and Refunds

HMRC has issued a warning about tax record checks starting in June, with updates on refunds and tax code adjustments for taxpayers. Learn about automatic recalculations and how to check for overpayments.

ISA Timing Decision Could Boost Savings by £17,000

Financial experts highlight that investing your annual ISA allowance early in the tax year, rather than at the end, could increase your portfolio value by nearly £17,000 over a decade, based on historical data analysis.

British Gas Bills Customer for Unoccupied Flat

A baffled customer received a £571 bill from British Gas for a flat they never owned or lived in, prompting intervention from The Guardian newspaper to resolve the address mix-up.

DWP Confirms State Pension Tax Rules for Pensioners

The Department for Work and Pensions has clarified tax rules for pensioners after the Triple Lock increase, confirming those with only Basic or New State Pension will pay no income tax this year and next.

Energy Bills Cut for Major Suppliers in Cost of Living Boost

Millions of households with British Gas, Octopus, and Eon will see energy bills fall by £117 annually due to government measures shifting green charges, though this relief may be short-lived as prices are forecast to rise again from July.

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