Energy Price Cap to Rise by £196 in July
The Ofgem energy price cap is projected to rise by £196 to £1,837 for typical households in July, a 12% increase from April but below earlier estimates of a £332 surge.
Category : Finance Banking
British Gas Warns of Bill Errors for New Homeowners in 2026
British Gas has issued essential guidance for home buyers to avoid paying for previous occupants' energy usage, highlighting key checks like meter readings and alarm tests.
Premium Bonds Holders Told to Move Money to ISAs
Financial experts advise Premium Bonds customers to consider transferring savings to ISAs due to potential rate cuts and better guaranteed returns.
Arnold Clark Data Breach: Thousands Can Sue
Thousands of Arnold Clark car dealership customers have been given the green light to pursue legal action after a major cyber-attack compromised their personal data. The Court of Session in Scotland ruled that claims can proceed, with sensitive informatio
British Gas Customers Urged to Act Before Midnight Friday
British Gas has launched a fixed tariff priced below the current energy price cap, offering significant savings compared to predicted future rates. The exclusive deal closes at midnight on April 17 and is only available through Compare the Market.
Ecology Building Society Opens First UK Branch in Porth
Ecology Building Society, the UK's youngest mutual, opens its first physical branch in Porth, Rhondda Cynon Taf, transforming a former hardware store with community space and innovative savings products.
Energy Customers Told to Act for £200 Savings Now
British Gas, EDF, EON, Ovo, and Octopus customers are being advised to lock into fixed energy tariffs immediately to save more than £200 annually, as prices are expected to rise significantly in July.
Four Banks Cut Mortgage Rates in Boost for Buyers
HSBC, TSB, Halifax, and Santander have reduced mortgage rates, providing a welcome break for borrowers after weeks of rising costs. Experts caution that market uncertainty remains.
HMRC Sends Automatic Tax Bills After Bank Reports
HMRC has clarified that banks automatically report savings interest, leading to automatic tax bills for households exceeding allowances, with most people able to earn some interest tax-free.
State Pensioners Get £855 Refunds as HMRC Reveals £624m Unclaimed
HMRC has disclosed that £624 million in tax refunds went unclaimed last year, with state pensioners among 730,000 taxpayers eligible for an average £855 payment.
PayPal Email Scam: 1p Trick to Drain Bank Accounts
PayPal users are warned about a sophisticated email scam where fraudsters send 1p payments to trick victims into calling fake support numbers and handing over personal information.
HMRC Tax Shake-Up Costs Business Owners £350 Each
Millions of freelancers and landlords earning over £50,000 must now submit quarterly digital tax updates under HMRC's Making Tax Digital scheme, with initial setup costs estimated at £280–£350 per business.
Shoppers Urged to Claim Free £210 Banking Bonus
Martin Lewis and Money Saving Expert highlight a First Direct switching deal offering £175 cash and a £35 supermarket voucher to new customers meeting specific criteria.
Energy Customers Can Claim £500 Refunds Under Two-Month Rule
Millions of households with British Gas, Octopus, EON, EDF, and Ovo have built up credit in their energy accounts and can request refunds of up to £500 if they exceed two months' worth of payments.
HMRC Taxes £2,700 Savings Interest Couple Never Received
A downsizing couple from the East Midlands faces a £575.40 tax bill from HMRC on £2,700 of savings interest they didn't actually keep due to early withdrawal penalties, sparking outrage over unjust taxation practices.
HMRC Sends Automatic Tax Codes to 2M Pensioners After DWP Change
HMRC has automatically issued new tax codes to two million state pensioners following a DWP rule change, introducing a clawback for those with incomes over £35,000 who receive winter fuel payments.
Claim £855 HMRC Tax Refund Before Deadline
Taxpayers are urged to check for overpaid tax as £624 million in refunds went unclaimed last year. The average refund is £855, with a deadline approaching.
New HMRC Tax Rule Could Push Up Rents, Experts Warn
The UK government's Making Tax Digital system is now live, requiring landlords to keep digital records. Experts warn the compliance costs could be passed on to tenants through higher rents, potentially reducing rental supply.
Nationwide Warns of Fake Cash with 'For Props Only' Stickers
Nationwide Building Society alerts customers in Birmingham and beyond to a surge in counterfeit banknotes, urging vigilance for notes marked 'for props only' on hologram stickers.
Act Fast on Cash ISAs or Miss £25,000 in Growth
New analysis reveals UK households who invest their full ISA allowance at the start of the tax year could gain £25,000 more than those who wait until the deadline.
E.ON Next's 12-Month Fix Could Save £212 from July
E.ON Next's 12-month fixed tariff could save customers an average of £212 against predicted July price cap increases, as households face wider financial pressures.
NatWest to Shut 37 Branches, Full List of Locations
NatWest has announced the closure of 37 branches across the UK, with 34 confirmed to shut by February 2027. The majority will close by June 2026, citing increased demand for online and mobile banking services.
255,000 Households Face £5,712 Mortgage Shock This Summer
Over 255,000 UK households coming off five-year fixed mortgage deals face an average annual increase of £5,712 due to rising rates and global uncertainty.
5.6 Million Overpaid £3.5 Billion in Tax After HMRC Errors
Tax code errors have led to an estimated £3.5 billion in overpaid income tax for 5.6 million UK workers during the 2023-24 tax year, with experts urging immediate checks.
Santander £180 Switching Bonus for Birmingham Customers
Santander is providing £180 payments to eligible customers who switch to its current accounts within 90 days. The offer applies to Birmingham branches and requires specific conditions like direct debits and deposits.
HMRC Digital Tax Rules for Freelancers Called 'Humiliating'
HMRC's Making Tax Digital system requires freelancers earning over £50,000 to submit quarterly digital reports, with critics calling the new rules 'humiliating' and excessive government oversight.
80,000 Learner Drivers to Receive Refunds Over Hidden Fees
Over 80,000 learner drivers will receive refunds totaling £760,000 after the CMA fined BSM and AA Driving Schools for adding undisclosed booking fees at checkout.
UK Households Can Gift Any Amount Tax-Free Under Inheritance Tax Rules
HMRC inheritance tax rules permit UK households to transfer substantial wealth to loved ones without tax liability, with experts explaining key allowances and upcoming changes.
Energy Bills to Rise £24 Monthly for Major Suppliers
Forecasts predict the Ofgem price cap will increase to £1,929, adding £24 monthly to bills for customers of Octopus, British Gas, OVO, EON, and EDF.
HMRC Tax Warning for Pensioners with Private Pensions
HMRC warns state pensioners and workers about tax avoidance schemes targeting private pension savings and complex pay arrangements, highlighting potential 100% tax bills plus penalties.
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