Energy customers can claim £200 back from suppliers
Millions of direct debit energy customers with British Gas, Octopus or Eon could be owed £200 or more in summer credit – find out how to claim it.
Category : Finance Banking
HMRC Tax-Free Allowance Cut Over K Tax Code Letter
A K tax code on your payslip means HMRC has removed your tax-free Personal Allowance for that job — here’s what it means and how to check if it’s correct.
Pensioners born before 1960 to receive early August payments
State pensioners born before 1960 will have August payments early due to the bank holiday, with money landing on August 28 instead of August 31.
HMRC confirms Child Benefit payment date changes in Scotland
HMRC confirms Child Benefit dates shift for Scottish bank holidays: August 3 moves to August 4, and August 31 moves to August 28. England and Wales unaffected.
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HMRC Child Benefit: £80k+ Earners Repay All
Earning £80,000 or more means repaying all Child Benefit to HMRC. The tapered High Income Charge begins at £60,000, with 1% clawback per £200 above.
ISA Allowance Cut to £12,000 for Under 65s
Savers under 65 face ISA allowance cut from £20,000 to £12,000 in April 2027, with a 22% tax on cash interest in stocks and shares ISAs.
Santander and TSB to Keep All 480 Branches Open Until 2028
Santander and TSB have pledged to keep all 480 UK branches open until at least 2028, defying branch closure trends despite rising costs and economic pressures.
NS&I Premium Bonds: 300,000 holders may miss prizes
Almost a third of new Premium Bonds holders expect a prize within six months, but 310,913 accounts won nothing in 2025-26, Octopus Money reveals.
Healey Urged to Protect 25% Pension Tax-Free Rule
Chancellor John Healey faces pressure from four major pension providers to rule out cutting the 25% tax-free withdrawal limit ahead of his first Budget in November.
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HMRC Warns of 7.5% Interest on Late Tax Payments
Self-assessment taxpayers face a 7.5% late payment interest rate if they miss the July 31 deadline for the second payment on account, significantly increasing amounts owed.
Ducksch informs Blues of transfer desire, options open
Striker Marvin Ducksch has told Birmingham City he wants to leave this summer, with Bundesliga clubs and MLS side Orlando City showing interest. The 32-year-old scored 11 goals in 36 games last season.
HMRC Opens 5,000 Inheritance Tax Investigations into Gifts
Nearly 5,000 inheritance tax investigations were launched by HMRC in 2025-26, an 18% rise, as the tax authority intensifies scrutiny of gifts to children and other assets.
Harborne banking hub opens after five-year campaign
Harborne's new banking hub, the first in Birmingham, opens after a five-year campaign, providing shared banking services for all residents and replacing lost high street banks.
HMRC 7.75% Charge Hits Self-Employed from Friday
Self-employed face HMRC's 7.75% late payment interest from Friday as second self assessment instalment deadline looms under new PM Andy Burnham.
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HMRC Sending Automatic Tax Letters to Pensioners in August
HMRC will begin sending Simple Assessment letters to pensioners from 12 August 2026, with around 1.8 million letters issued. Recipients are urged to check and pay any tax owed by 31 January 2027.
Benjamin Rumary Sentenced for £1.2m Fraud at UTI
Benjamin Rumary, former director of UTI Investments UK, has been jailed for seven years for defrauding investors of £1.2 million in a forex trading scam.
Lloyds Bank Axes Select Account, Moves Customers to Classic
Lloyds Bank is discontinuing its Select current account on 31 July 2026, moving customers to Classic and removing the £50 interest-free overdraft perk.
Banking Hub Opens on Harborne High Street
After years of campaigning, a new banking hub has opened on Harborne High Street, providing essential counter services and cash access for the community.
Barclays Profit Soars on Market Volatility
Barclays reports a 17% rise in pre-tax profit to £6.1bn, beating expectations, and announces a £1bn share buyback, driven by strong equities trading amid geopolitical turmoil.
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HMRC Pension Allowance Cut Hits 114,000 More Workers
Over 114,000 high earners will lose part of their tax-free pension allowance by 2032 due to frozen thresholds under Andy Burnham's government, analysis reveals.
State pensioners hit with £33 monthly deductions under Healey
Three million state pensioners face monthly deductions of up to £33 as HMRC claws back Winter Fuel Payments from those earning over £35,000.
Lloyds Bank £190 Boost and £10,000 Prize Draw August
Lloyds Bank launches summer rewards with up to £190 savings on days out, holidays, and dining, plus a prize draw for £10,000 in August.
No Tax on State Pensions But Two-Tier System Created
John Healey confirms state pension-only retirees will be tax-exempt next year, but critics say the policy creates a two-tier system penalising those with small private pensions.
Car finance compensation delayed until 2027 for millions
Millions of motorists awaiting compensation for car finance mis-selling face further delays as the FCA confirms payouts won't begin until at least 2027, amid mounting legal challenges and calls for alternative legal routes.
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HMRC 'Tax Rise by Stealth' Warning as Receipts Hit Record
Inheritance tax receipts hit a record £2.3bn from April to June 2026, sparking warnings of a 'tax rise by stealth' as frozen thresholds pull more families into higher tax bands.
Halifax ISA Change: £8,000 Limit Shift from April 2027
Halifax has confirmed upcoming ISA rule changes from April 2027, reducing the effective cash allowance to £12,000 with £8,000 restricted to stocks and shares, while over-65s retain the full £20,000 limit.
DWP State Pension Age Change: Affected Birthdays
The state pension age increases from 66 to 67 starting April 2026, with those born between April 1960 and March 1961 facing a gradual shift. An August milestone affects specific birthdays, and experts warn of income gaps.
£72.5k earners top 10% pay 58.4% of income tax
The top 10% of earners (those making £72,500+ annually) now contribute 58.4% of all income tax, up from 50.3% in 2000, with experts warning of a potential backlash.
Fuel Finder Tool Saves Drivers £40 a Year
Petrol and diesel drivers will save £40 annually using the Labour Party Fuel Finder tool, which mandates real-time fuel price reporting at UK forecourts.
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Birmingham Victims in £300k Bank Scam
A fraudster who duped victims out of nearly £300,000 using a sophisticated bank scam has been jailed. Olasukanmi Owoeye operated from a flat in Dartford, targeting over 1,000 potential victims across the UK, including in Birmingham.
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