Reeves ISA Rule Change: 22% Tax on £300 Interest
Chancellor Rachel Reeves plans a 22% tax on cash interest in stocks and shares ISAs, alarming experts who warn it undermines the ISA brand and adds complexity.
Chancellor Rachel Reeves plans a 22% tax on cash interest in stocks and shares ISAs, alarming experts who warn it undermines the ISA brand and adds complexity.
Analysis shows BBC TV licence fee could hit £245 by 2036 if 3.14% annual increases compound, with current fee at £180 and rising pressures on households.
Scottish Widows launches an in-app tool to help trace 3.3 million lost pension pots worth £31.1bn, with 1 million registrations and £1.2bn consolidated since 2024.
Households with £10,000 in savings face tax risk due to frozen tax bands and reduced personal savings allowance, warns Martin Lewis.
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RecommendedInsurers charge drivers nearly 30% extra for monthly car insurance payments compared to annual lump sums, according to Which? analysis, with nine brands imposing 29.9% APR.
State pensioners could see a £352 rise under the triple lock retained by Sir Keir Starmer, who has resigned as Prime Minister. The policy is expected to continue under his successor.
Chancellor Rachel Reeves confirms a 22% charge on cash interest in non-cash ISAs from April 2027, as the tax-free limit drops to £12,000 for under-65s.
Car insurance costs have risen to an average of £719 per year, the first increase in three years, with claim payouts up 42% since 2020, according to Confused.com.
Savers with £20,000 in a closed easy-access account earning 2.39% could miss out on £322 a year by not switching to a 4% account, warns Moneyfactscompare.co.uk.
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RecommendedHSBC, Skipton, Yorkshire Building Society, and Accord Mortgages offer up to £2,000 cashback on selected mortgage deals, easing moving costs for buyers.
49% of people have a side hustle, but only 5% save into a pension. PensionBee warns this could cost up to £154,000 in retirement savings.
Motor finance lenders admit they are "very concerned" about the FCA's £9bn compensation scheme, with average payouts of £830 per claimant.
Households with British Gas or Octopus may claim up to £200 from credit built up on direct debit accounts. Experts advise checking balances before requesting refunds.
Chancellor Rachel Reeves confirms a £120 discount for drivers through fuel duty freeze, as petrol costs expected to fall after Iran war ends.
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RecommendedCharlotte Cox, who won £1 million on a scratchcard, is being sued by her ex-boyfriend Michael Cartlidge for half the winnings after she ended their relationship.
Martin Lewis warns that Brits have been 'programmed' to expect rising insurance costs, but data shows prices are actually falling. He urges consumers to shop around.
HMRC is sending brown envelopes to people earning over £1,000 from side hustles, reminding them to complete a tax return and keep accurate records.
Martin Lewis shares a timing tip that could save hundreds on car and home insurance. The sweet spot is 26 days before renewal for car insurance and 15-20 days for home insurance.
The Student Loans Company is contacting 71,000 Plan 2 customers about balance corrections due to technical errors in interest calculations.
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RecommendedA 22-year-old earning £25,000 could increase their pension pot by £69,000 by saving the cost of a World Cup train fare each month, according to Standard Life.
HMRC warns that people earning over £1,000 from side hustles, self-employment, or rental income may need to file a tax return. Check deadlines to avoid penalties.
Illegal money lending specialist Cath Wohlers shares five critical red flags to help you avoid predatory lenders who may be hiding in plain sight within your social circles.
Octopus Energy is adding £512 credits to customer accounts, with smart tariffs saving nearly £1 billion. Customers can win credits via survey.
HMRC is targeting 144,000 savers with £5,000 tax demands on savings interest, up from 52,700 in 2022-23. Over 2.7 million savers face tax bills in 2026-27.
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RecommendedMartin Lewis explains how customers of Barclays, Lloyds, Halifax, and Santander can earn extra cash through bank switching and Lloyds Rewards prize draws.
HMRC's Marriage Allowance and Rent-a-Room scheme can boost your Personal Tax-Free Allowance to £21,330, cutting tax bills by up to £252 a year.
From rising energy bills to new BNPL rules, five key financial changes will affect every UK household from July 2026. Learn what to expect.
Barclays, NatWest, and First Direct are each offering £200 to new customers who switch accounts, with additional perks like cashback and savings rates.
HMRC is sending tax letters demanding £641 on average from basic rate taxpayers as savings tax hits double the number of people in three years, rising to 2.79 million.
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RecommendedThe number of savers paying £5,000+ in tax on savings interest has surged 173% in four years, reaching 144,000 in 2026-27, according to Paragon Bank FoI data.