ISA Cuts to Raise £95m from Savers Over Five Years
Chancellor Rachel Reeves' reduction of the Cash ISA allowance from £20,000 to £12,000 is projected to raise £95 million from savers over the next five years, affecting 1.3 million individuals.
Category : Finance Banking
HMRC's New Quarterly Tax Rule for High Earners Begins
Sole traders and landlords earning over £50,000 must switch to quarterly digital tax updates from April 2026, replacing the annual Self Assessment with five submissions yearly.
15-Month Pension Transfer Delays Force Savers to Give Up
New research reveals one in ten savers abandon pension transfers due to excessive delays of up to 15 months, with industry leaders calling the current system outdated and unfit for purpose.
NS&I to Pay £400m Compensation After Savings Scandal
National Savings and Investments faces a £400 million compensation payout to 37,000 customers following a missing savings scandal, with taxpayers potentially footing the bill.
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Switch Broadband to Avoid April Price Hikes
Millions of UK households face broadband bill increases in April, but switching providers or exploring social tariffs can help cut costs significantly.
New 4.5% Fixed Cash ISA Launched by Hargreaves Lansdown
Hargreaves Lansdown has introduced a competitive Cash ISA with a 4.5% interest rate fixed for one year, as demand surges ahead of tax year end and potential allowance changes in 2027.
Virgin Money, Santander Raise Mortgage Rates as Market Tumbles
Virgin Money increases mortgage rates by up to 0.75% and Santander by up to 0.53% as the property market declines. Experts warn of lender nervousness and global inflation concerns from the Iran conflict.
Virgin Money Offers £250 for Broadband Switch Fees
Virgin Money is providing a limited-time offer of up to £250 to help UK households cover early exit fees when switching to their broadband services. The deal includes three main bundles with varying speeds and prices, but customers must act before April 1
E.ON Next Cuts Energy Tariff Prices from April 1
E.ON Next has announced significant price reductions on its 15-month fixed tariff, with savings passed on from government measures, offering households lower bills and stability.
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UK Inflation Stays at 3%, Iran War to Affect Next Month's Data
The UK's inflation rate remains at 3% for February 2026, with clothing prices as the main driver. Experts warn next month's figures will reflect rising petrol costs from the Iran conflict, potentially fueling a new cost-of-living crisis.
NatWest Sells Mentor Consultancy After 27 Years
NatWest Group has announced the sale of its Mentor consultancy business to Empowering People Group, marking the first major divestment of this service since its launch in 1997.
Santander Announces Leadership Restructure for UK Customers
Santander UK has confirmed the appointment of Andy Booth as Head of Retail & Business Banking, alongside key promotions to its Executive Team, impacting all 14 million customers.
Pensioners Born After 1953 Risk £58 HMRC Tax Demand
State pensioners born after 1953 could receive HMRC letters demanding £58 payments as the Triple Lock increase pushes pensions closer to the tax threshold.
NatWest Sells Mentor HR Arm to Private Equity-Backed Group
NatWest has sold its Mentor HR advisory division to Empowering People Group as CEO Paul Thwaite continues strategic streamlining, with 220 staff transferring in the undisclosed-value deal.
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UK Inflation Stays at 3% Before Iran War, Above BoE Target
UK inflation remained at three percent in February, well above the Bank of England's two percent target, with economists warning of further pressure from Middle East conflict-driven energy price spikes.
Spring Financial Switches Save Households Over £800 a Year
A new study reveals that making six simple financial changes this spring could save households more than £800 annually, with 'bills bosses' leading the charge in managing finances effectively.
NS&I Compensation Claims Over Delayed Payouts and Lost Funds
Government-backed bank NS&I could be forced to pay substantial compensation after complaints doubled in three years, with families reporting delayed payouts, withheld prizes, and lost investments.
Car Insurance at 3-Year Low: Act Now for Best Deals
Average annual car insurance premiums have dropped to £711, a £66 decrease from last year, reaching the lowest point in nearly three years. Experts advise drivers to shop around and lock in rates before potential increases.
Nationwide Warns Birmingham Customers on Holiday Scams
Nationwide Building Society has issued urgent guidance to customers in Birmingham and across the UK about holiday frauds and scams as summer approaches, detailing common tactics used by criminals.
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State Pension Warning: DWP Tightens Eligibility from April
A major alert has been issued for state pensioners as the DWP begins tightening eligibility criteria from April 6, potentially affecting millions. Financial experts warn of higher costs and reduced access for expats and UK residents alike.
UK Banking Rules: 90-Day Notice for Account Closures
New UK laws effective April 28, 2026, mandate banks to provide 90 days' notice before closing accounts, following a tenfold increase in closures to 453,230 last year.
Pensioners May Get £900 Boost from Middle East War Market Effects
Market turmoil from the US-Iran-Israel conflict could boost annuity rates, potentially giving state pensioners up to £900 more yearly, though experts advise caution.
HMRC Rejects Half of Digital Tax Exemption Requests
New data reveals HMRC has refused 47% of applications for exemption from Making Tax Digital for Income Tax, with over 1,600 people seeking exclusions on grounds of digital exclusion ahead of the April rollout.
Banks Offer £100-£500 Cash Bonuses for Account Switching
Major UK banks including Barclays, Lloyds, NatWest, and Santander are providing cash incentives up to £500 for customers who switch their current accounts, with additional perks like cashback and improved savings rates.
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Car Finance Scandal Update Due Next Week for Drivers
The Financial Conduct Authority will announce its approach to a motor finance redress scheme next week, potentially involving £8.2 billion in compensation for millions of drivers.
Energy Price Cap Drops 6.7%, Smart Meter Warning
Ofgem announces a 6.7% reduction in the energy price cap starting April 1, 2026. Customers without smart meters urged to submit readings to avoid higher charges.
Text Code to Check Mobile Bills Before April Price Rises
Mobile phone owners are being urged to text a four-digit code to check if they are overpaying ahead of potential price increases starting in April. This simple step can help users avoid unnecessary costs and explore switching options.
Vet Prescription Fees Capped at £21, Price Lists Required
The Competition and Markets Authority confirms a £21 cap on vet prescription fees and mandates price transparency. Reforms begin later this year to aid pet owners.
1,500 Mortgage Deals Pulled, Homeowners Urged to Act
Mortgage lenders have withdrawn over 1,500 deals since the Middle East conflict began, with experts warning homeowners to review their agreements and overpay where possible to mitigate rising costs.
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Martin Lewis: Don't Panic Over ISA Value Drops
Money-saving expert Martin Lewis urges savers not to make hasty decisions as investment ISAs fluctuate due to market turmoil linked to the Iran conflict, emphasizing long-term perspectives.
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