Nationwide £100 bonus taxed as interest by HMRC
Nationwide Building Society confirms it must report customer details to HMRC over its £100 Fairer Share Payment, classified as interest for tax. Find out what it means for you.
Category : Finance Banking
Lloyds Bank £250 switching offer for new year
Lloyds Bank launches its 'best ever' £250 switching deal for new Club Lloyds accounts. Act between 6 Jan and 3 Feb 2026 to claim your free cash boost.
HMRC change risks millions underpaying tax
A mid-year HMRC change to Capital Gains Tax rates means millions filing self-assessment risk underpayment. Experts warn over 12 million must submit returns by 31 January.
35,000 households hit by HMRC child benefit tax charge
Frozen tax thresholds will pull 35,000 more families into the High Income Child Benefit Charge by 2028, costing them £1,355 annually. Discover how to navigate the HMRC rules.
Barclays cuts savings rates on popular accounts
Barclays Bank is reducing interest rates on four of its most popular savings products, including the Rainy Day Saver, in a blow to millions of UK customers. Find out the new rates and effective dates.
NS&I cuts interest rates on new British Savings Bonds
NS&I has launched new issues of its fixed-term British Savings Bonds with reduced interest rates. Find out the new rates for 1 to 5-year terms and what it means for your savings.
Nationwide Bank Branches Safe Until 2030
Nationwide Building Society vows to keep all 605 branches, including Virgin Money, open until 2030, bucking the trend of bank closures and supporting cash access.
HSBC Confirms Major Mortgage Rate Cuts This Week
HSBC UK has announced a series of mortgage rate reductions impacting millions, with cuts of up to 0.18%. See the full list of new rates for remortgages, home movers, and first-time buyers.
ISA Allowance to Fall to £12,000, Building Society Warns
Coventry Building Society urges savers to act as the ISA tax-free allowance is confirmed to fall from £20,000 to £12,000 in April 2027. Experts advise on protecting savings now.
Save £9,000 in 2026 with five money resolutions
A financial expert reveals five simple New Year's resolutions that could help UK households save up to £8,950 in 2026. Master budgeting, cut waste, and curb impulse spending.
Sky Mobile confirms first mid-contract price rise in 7 years
Sky Mobile announces a £1.50 monthly increase for most data plans from February 14, marking its first mid-contract rise in over seven years. Find out who is exempt and how to beat the hike.
Nationwide warns of cash surge as branch closures bite
Nationwide reveals cash withdrawals hit a new high of £4.2bn in 2025, but warns the trend is 'exacerbated' by widespread bank branch closures. Discover the full story.
Lloyds Bank closes 16 branches this month
Lloyds Banking Group is shutting 16 branches across the UK in January 2026, accelerating its move to digital services. See the full list of affected locations and alternative banking options.
Business Bank Account Offers Up To £10,000 Interest in 2026
A fast-growing UK bank is offering businesses the chance to earn substantial 'quiet interest' on spare cash, with potential returns of up to £10,000 in 2026. Discover how to make your money work harder.
Pension cash shortfall warning over inheritance tax raid
Chancellor Rachel Reeves' IHT reforms could force families to sell commercial property quickly to pay bills, warns Bowmore Financial Planning. Learn the risks.
HSBC launches £750 cashback for Premier banking clients
HSBC UK unveils a 'bring more, get more' cashback incentive, offering up to £750 for new Premier customers who switch salary and savings. Act before February 23, 2026.
Birmingham faces £162 ISA tax charge in HMRC crackdown
HMRC plans to close a Cash ISA loophole, potentially hitting Birmingham households with a £162 tax charge. Learn how the 2027 reforms affect your savings.
UK Credit Card Borrowing Hits 2-Year High
A worrying Bank of England report shows consumer credit growth surged to 8.1% in November. Experts warn of debt risks as millions struggle with festive costs. Get free debt advice.
Oil prices to rise after Trump's Venezuela attack, experts warn
Financial experts forecast a certain rise in oil prices and a brittle dollar rally following the military operation that seized Venezuela's president. Discover the market implications.
Savers urged to review accounts as best rates drop
UK households are urged to check savings accounts this week as leading fixed rates fall. Experts advise shopping around for inflation-beating deals from building societies and digital banks.
Barclays issues debit card warning after spending report
Barclays warns debit card holders as household finance confidence plunges. New report reveals essential spending fell 2.3% in 2025. Discover the key trends shaping UK consumer behaviour.
Record £5.1bn ISA rush before allowance cut
UK savers deposited a record £5.1bn into Cash ISAs fearing a Budget cut. The new £12,000 cap from 2027 impacts affluent savers. Learn how to protect your savings.
TSB to Vanish from UK High Street in Santander Takeover
Santander's £2.65bn acquisition of TSB could see the familiar bank name disappear, triggering substantial branch closures and job losses. Find out what this means for millions of UK customers.
Cold Weather Payments 2026: Speed of £25 Payout
As a severe cold snap hits the UK, find out if you qualify for a £25 Cold Weather Payment, how quickly the cash lands in accounts, and how to check your eligibility.
Pensioners face £920 surprise tax demands from HMRC
HMRC is sending 'simple assessment' letters demanding an average of £920 in unpaid tax to over a million people, including pensioners. Experts warn the issue is set to worsen.
Nationwide pledges no branch closures until 2030
Nationwide Building Society commits to keeping its entire network of 696 high street branches open until at least 2030, bucking the industry trend of widespread closures.
Martin Lewis clarifies UK savings tax rules
Money Saving Expert Martin Lewis explains why hiding cash at home is a bad idea and clarifies exactly how tax on savings interest works for UK savers.
HMRC errors mark living people as deceased
Serious HMRC system errors are wrongly classifying living individuals as dead, preventing state pension applications. Learn how to check your NI record and what to do if affected.
55% Tax Bills for Pension Rule Mistakes
UK households face 55% tax charges for trivial pension errors. Experts warn against unauthorised withdrawals and urge professional advice to avoid hefty penalties.
'Brutal' HMRC tax letters hitting UK households within days
Self-employed workers across the UK are facing shock tax bills worth 150% of what they owe. Learn about 'payments on account' and the January 31 deadline.
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