Pension Tax-Free Rule Can Boost Retirement Income
Experts advise retirees to strategically use the 25% tax-free pension allowance through phased drawdown to avoid unnecessary tax bills and maximize retirement funds.
Experts advise retirees to strategically use the 25% tax-free pension allowance through phased drawdown to avoid unnecessary tax bills and maximize retirement funds.
Millions of UK savers are losing money due to low-interest bank accounts. A warning highlights how loyalty can cost households over £1,600 in five years.
HMRC warns 758,000 young people risk missing out on an average £2,242 from untouched Child Trust Funds, totaling £1.7 billion in unclaimed savings.
HMRC has issued a critical warning to all National Insurance number holders, advising them not to delay in securing their unique identifier. The tax authority emphasizes the importance of keeping this lifelong number safe and using the official HMRC app f
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RecommendedAnalysis reveals investors could gain over £33,700 by halving annual charges on stocks and shares ISAs. Experts advise shopping around and using tracker funds to maximize long-term returns.
Analysis reveals 5.6 million UK workers overpaid £3.5 billion in tax during 2023-24 due to incorrect tax codes, with experts warning automated deductions are not always accurate.
With the tax year ending on April 5, 2026, experts warn 20 million ISA holders to avoid common mistakes like last-minute contributions and overlooking investment options to maximize returns.
Grandparents can strategically combine inheritance tax gifting rules with Junior ISAs to potentially grow savings to £112,000 for grandchildren, according to Fidelity International.
Energy regulator Ofgem is calling on UK households to check their energy accounts for credit balances and take action to reclaim any money owed by suppliers.
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RecommendedAutomotive experts Carwow reveal the Kia Picanto as the most affordable car to insure in the UK, with Volkswagen Polo and Dacia Sandero ranking second and third. The report highlights fuel economy and insurance groups for budget-conscious drivers.
New research reveals that over 14 million Premium Bonds holders have never received a prize, with odds worsening from April as NS&I cuts the prize fund rate.
Thousands of families in northern UK are missing out on £2,900 in savings from forgotten Child Trust Fund accounts, with the North East having the highest unclaimed rate at 23.1%.
Millions of UK households are warned to check their tax codes in seconds via the HMRC app to prevent overpaying tax or facing unexpected bills due to errors from job changes or multiple incomes.
Nationwide Building Society issues a 48-hour warning for customers hoping to qualify for £100 Fairer Share Payments in 2026. Eligibility requires meeting criteria by March 31.
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RecommendedHMRC is cracking down on undeclared income from platforms like Vinted and eBay, with average side earnings of £470 per month now under tax scrutiny. Experts warn households to prepare for potential fines.
HMRC reveals 15 Birmingham businesses and individuals owe over £153 million in taxes, with a management consultancy topping the list at £87.4 million. A takeaway, plastic surgeon, and carpenter are among those named for deliberate defaults.
The Financial Conduct Authority will announce final decisions on compensation for unfair car finance agreements, potentially affecting 14 million deals with average payouts of £700.
Asda boss Allan Leighton warns of temporary petrol shortages at some pumps due to supply issues from the Gulf crisis, as UK fuel prices hit highest levels since 2024.
Royal London, a major mutual pension firm, will distribute £199 million in profits to 2.4 million eligible customers starting April 1, with payments based on individual pension savings values.
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RecommendedThousands of families receiving compensation from NS&I's operational failures between 2008 and 2025 could face unexpected inheritance tax bills on their payments.
The National Lottery mobile app has experienced a major outage, preventing thousands of players from logging in, viewing tickets, or making purchases since early morning.
Santander is offering a £200 cash incentive to customers who switch to its Edge current account by March 31, requiring a £1,500 deposit and active Direct Debits.
Lloyds Banking Group has compensated thousands of customers with £38 payments after a software defect allowed users to view others' transactions in mobile apps.
Money expert Martin Lewis advises households on mitigating imminent increases in water, council tax, mobile, and broadband bills, offering practical steps to reduce costs.
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RecommendedLloyds Bank announces £139,000 compensation for 3,525 customers after an IT meltdown allowed nearly 500,000 strangers to view private bank account information.
Vodafone announces price increases effective from Wednesday, citing network investment needs. The telecom provider acknowledges customer dissatisfaction but highlights protections for vulnerable groups.
The High Court has ordered Revolut Bank to hand over names and addresses of 304 subscribers and 10 resellers to Sky as part of a major illegal streaming crackdown.
National Savings and Investments faces a major scandal after failing to pay nearly £500 million to bereaved families. A compensation plan will be published in May.
NS&I savers could receive unexpected tax bills from HMRC after compensation for nearly £500m in missing payments to bereaved families, potentially pushing estates into higher tax brackets.
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RecommendedEE is shifting from inflation-linked increases to fixed monthly hikes of £4 starting March 31, affecting mid-contract customers with older agreements.