Final £20k ISA Year for Under-65s Before Allowance Cut
The new tax year brings a final opportunity for savers under 65 to use the full £20,000 cash ISA allowance before it drops to £12,000 next April, while over-65s retain the higher limit.
Category : Finance Banking
NatWest Error Nearly Loses Customer's New Home in Birmingham
A NatWest customer in Birmingham nearly lost their new home after a banking error blocked access to £260,000 transferred for property contracts. The bank demanded biometric verification at distant branches before finally resolving the issue.
HMRC's 71% Tax Trap Hits UK Households, Stifling Careers
Thousands of UK households face a staggering 71% tax rate as HMRC's £100,000 threshold withdraws personal allowances and childcare support, forcing high earners to limit career advancement.
Barclays Plans High Street Return with New Branches
Barclays is planning a significant return to the high street by opening new branches and reintroducing bank managers, reversing years of closures that saw over 800 locations shut since 2018.
HMRC Final Warning: New Digital Tax Rules Start Today
HMRC has issued a last-minute alert as Making Tax Digital for Income Tax begins today, requiring self-employed and property income earners over £50,000 to submit quarterly digital updates.
Nationwide Cash ISA Offers £435 Boost Before Tax Limit Cut
Nationwide Building Society is promoting its 1 Year Fixed Rate Cash ISA with a 4.35% interest rate, allowing customers to earn £435 tax-free on a £10,000 deposit before the ISA limit is reduced next year.
Parents Delay Retirement as Bank of Mum and Dad Grows
New research reveals 61% of parents financially support adult children, with 15% delaying retirement and 27% dipping into savings, impacting long-term financial security.
Lloyds Bank £88M Deal Benefits 6,500 Housing Customers
Lloyds Bank has secured an £88 million finance package with Trent & Dove Housing, supporting maintenance and development of over 6,500 homes across Staffordshire and Derbyshire.
BT Landline Nightmare Leaves Family in Tears
A UK household was left without a landline for weeks after BT's Digital Voice switch, causing distress and threatening a 50-year-old phone number.
Cash ISA Deadline: Last Chance for £20,000 Tax-Free Allowance
Savers have less than 24 hours to utilize their 2025/26 tax-free ISA allowances before the new tax year begins. Experts warn against rushed decisions and highlight key considerations for Lifetime ISAs, Cash ISAs, and upcoming rule changes.
HMRC Boosts Pensioners' Tax Allowance to £21,330
State pensioners can increase their personal tax allowance from £12,570 to £21,330 using HMRC's Rent-a-Room and Marriage Allowance schemes, offering significant tax savings.
Mortgage Bills Rise £1,600 Yearly Due to Middle East Conflict
The ongoing conflict in the Middle East has caused UK mortgage rates to surge, adding approximately £1,600 to annual borrowing costs for homeowners.
State Pensioners Get Tax-Free Exemption from HMRC
HMRC confirms that individuals relying solely on the new or basic state pension will not face income tax bills for the remainder of the current Parliament, following a 4.8% increase in payments.
Lloyds Bank £50 Referral Bonus for Birmingham Customers
Lloyds Bank is providing a £50 bonus to customers who refer friends, with payments issued within 30 days. The bank also offers other incentives, including switching bonuses up to £500.
ISA Deadline Warning: Avoid Missing Tax-Free Allowance
Financial experts warn ISA savers that missing the April 5 deadline means losing tax-free allowances and bonuses, with significant changes coming next year.
ISA Deadline Today: Use Tax-Free Allowances Before Midnight
Savers have only hours left to maximize their 2025/26 ISA allowances before the tax year resets. Experts warn missing the deadline means losing valuable bonuses like the £1,000 LISA top-up.
ISA Savers: Fix 4 Tax Deadline Mistakes Before Midnight
Financial experts warn millions of ISA savers are making costly errors as the tax year ends. Discover four common mistakes and how to correct them before the deadline.
BBC Expert Warns Over £5,000 Bank Balances Losing Interest
BBC Morning Live's finance expert Laura Pomfret issues urgent warning to millions holding cash in current accounts, revealing billions sit idle earning minimal interest.
Barclays U-Turn on Branch Closures Boosts High Streets
Barclays announces a major reversal of its branch closure plans, with CEO Vim Maru confirming new openings and the return of bank managers to support communities.
NS&I Premium Bonds: Winners Wait 3+ Years, £40K Average
New research reveals Premium Bond winners typically wait over 3 years for first payout, requiring average holdings near £40,000. Experts urge savers to consider alternative investments.
Cheapest Electric Cars to Insure in UK - Full List
Go Compare experts identify the five most affordable electric vehicles for insurance in the UK, with Fiat and Kia models leading the list and tips to reduce premiums.
Under-65s' Last Chance for £20K ISA Before 2027 Cut
Chancellor Rachel Reeves confirms ISA allowance will drop from £20,000 to £12,000 for those under 65 starting April 2027, with experts urging immediate financial planning.
Nationwide Gives 41,000 Customers £175 Bonus in Switching Boom
Nationwide Building Society has distributed £175 to 41,000 customers through its switching incentive, as current account transfers exceed one million for the third year running, highlighting competitive banking trends.
Nationwide Alert to Birmingham Customers on Banking Notifications
Nationwide Building Society has issued a critical warning to its customers, particularly those in Birmingham, about the risk of missing important banking alerts. The alert emphasizes the need to enable push notifications to avoid unexpected fees and charg
Nationwide Issues Counterfeit Money Warning to Customers
Nationwide Building Society has urged customers to check banknotes carefully amid a rise in counterfeit money scams, following concerns raised by MP Dr Luke Evans after a branch visit.
HMRC's 60% Tax Trap Hits UK Households Hard
UK households earning between £100,000 and £125,140 face an effective 60% income tax rate due to personal allowance tapering, with nearly 725,000 workers affected in 2025-26.
UK Savers Urged to Act Before April 6 ISA Deadline
Households with savings are advised to follow a 4% rule before the tax year ends on April 6. Cash ISA limits stay at £20,000, with providers offering inflation-beating rates.
Pension Funds to Face Inheritance Tax from 2027
Inheritance tax reforms announced by Chancellor Rachel Reeves will make pension savings liable for IHT starting April 2027, prompting financial experts to advise strategic portfolio adjustments.
Nationwide Cash Deposit Rules Update for Birmingham
Nationwide Building Society has issued important clarifications regarding cash deposit procedures at its branches, including specific rules for coin deposits and account security measures.
High Earners Lose Money After £100k Tax Trap
Research reveals 67% of six-figure earners are financially worse off due to a 60% effective marginal tax rate, losing nearly £3,000 annually on average.
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