State Pension Tax Threat Looms as Protection Ends in 2029
State pensioners could face income tax on their payments from 2029 as fiscal drag pushes them over thresholds, with Labour's temporary protection ending and experts warning of a messy system.
Category : Finance Banking
Santander Takes Over TSB in £2.65 Billion Deal
Santander has agreed to acquire TSB for £2.65 billion, creating the UK's third largest bank with nearly 28 million customers. The deal is pending regulatory approval and expected to complete by late 2026.
Nationwide Updates ISA Options and Rules for Savers
Nationwide Building Society has issued an update on its ISA accounts, detailing current rates and upcoming changes to deposit limits starting in April 2027.
State Pensioners Warned Over April 5 Tax Year End
Frozen tax thresholds and upcoming inheritance tax reforms are pushing more households into higher tax liabilities. Financial experts urge proactive planning before the April 5 deadline.
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UK Savers Alerted to £20,000 ISA Annual Limit Rule
UK households are reminded of the £20,000 annual ISA allowance for 2025/26 tax year, with new flexibility allowing multiple accounts across different providers.
Barclays Faces £600M Risk as Mortgage Lender Collapses
A major UK mortgage provider, Market Financial Solutions, has collapsed amid fraud allegations, with Barclays reportedly exposed to £600 million in potential losses, raising concerns in the financial sector.
Halifax £2,995 Cash Deposit Limit Rule Alert
Halifax customers are being reminded of a strict £2,995 cash deposit limit at self-service machines, with alternative options available at counters, Post Offices, and via app payments.
Avoid Homebuying Headaches: Expert Tips for First-Time Buyers
A mortgage expert advises first-time buyers on avoiding financial shocks from upfront costs like rent overlap and stamp duty, based on a poll of 1,000 buyers.
Nationwide £500 Transfer May Secure 2026 Fairer Share Bonus
Nationwide Building Society customers could receive a £100 bonus through the Fairer Share Payment scheme in 2026, but may need to move £500 to qualify based on previous eligibility rules.
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HMRC Tax Letters: 1.4 Million Face £641 Savings Bills
HMRC data reveals a dramatic 132% increase in basic rate taxpayers facing savings interest tax, with over 1.4 million receiving letters demanding an average of £641. Pensioners are particularly affected as frozen thresholds pull more into the tax net.
Energy Price Cap Drop: Switch to Save £200 on Bills
Households can save over £200 yearly by switching from the price cap to a fixed energy deal as the cap falls 7% in April. Experts urge action now to lock in lower rates.
HMRC Urges Pensioners Not to Ignore Brown Tax Letters
State pensioners are being warned not to ignore brown letters from HMRC arriving in the post, which may indicate overdue tax payments, simple assessments, or tax avoidance notices.
Banks Pay £500, £400, £200 in New Switching Offers
Lloyds Bank, Barclays, and Santander are launching new current account switching bonuses, with payments of £500, £400, and £200 respectively. These offers, highlighted by MoneySavingExpert, target both high earners and broader audiences, featuring cash in
UK Household Costs Rise 3.6%, Renters Hit Harder
New data reveals UK household costs increased by 3.6% in the year to December 2025, with private renters experiencing higher inflation at 3.8% compared to outright homeowners at 3.4%.
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HMRC Crackdown Nets £16bn from Large Businesses
HMRC's intensified enforcement against the UK's 2,000 largest businesses has resulted in £16bn in extra tax collected and 636 penalties issued, with tax recovery doubling in three years.
Tesco Clubcard Vouchers: £11 Million Expire Saturday
Tesco shoppers are urged to scan their Clubcard vouchers before midnight on Saturday, as £11 million worth are set to expire. Martin Lewis advises checking dates and using reward partners for better value.
NatWest Boosts Insurance for Over-50s with Digital Upgrades
NatWest has launched enhanced life insurance and critical illness cover for customers aged over 50, featuring a modern digital platform and expanded protection for 52 conditions.
UK Inheritance Tax Allowance Loss to Quadruple by 2030
Analysis reveals thousands more UK families will lose inheritance tax allowances under Labour policies, with affected estates expected to quadruple by decade's end.
Virgin Money Customers to Transfer to Nationwide in April
Regulators have approved the acquisition of Virgin Money by Nationwide Building Society, with all customer accounts set to transfer on April 2, 2026. The move aims to create a stronger mutual banking group.
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Nationwide's Final Warning to Customers Before March 4
Nationwide Building Society has issued a final warning to customers about the withdrawal of its £175 switching incentive at 11:59pm on March 4, 2026. The society has led switching gains for four consecutive quarters.
Nationwide Cuts Mortgage Rates for Limited Company Landlords
Nationwide's subsidiary The Mortgage Works has reduced rates by up to 0.20 percentage points on selected fixed-rate products for limited company buy-to-let landlords, effective this week.
Lloyds Bank Ends In-Branch Account Opening, Forces Online Shift
Lloyds Bank has announced it will stop opening joint, premium, and student accounts in branches, requiring customers to use online services instead. Critics warn this move signals the decline of traditional branch banking.
HMRC Letters on £50,000 Digital Tax Rule Change from April 2026
Thousands of sole traders and landlords are receiving urgent HMRC letters about the new Making Tax Digital system. Those with income over £50,000 must switch to quarterly digital reporting by April 2026 or face penalties.
HMRC Tax Rebates for Uniformed Workers Up to £2,044
Thousands of UK workers could be eligible for HMRC tax rebates for uniform expenses, with pilots potentially receiving up to £2,044. Learn about flat-rate allowances and how to claim.
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UK Bank Customers Hit by 'Loyalty Penalty' on £325bn
New analysis reveals over 6.5 million UK current accounts holding £10,000+ earn zero interest, with £324.8bn collectively trapped. Experts urge switching to better savings options.
Car Tax Warning: Optional Extras Increase Vehicle Tax Costs
Drivers are being warned that optional extras on cars can push vehicles over tax thresholds, leading to thousands in extra charges under the Expensive Car Supplement.
Allica Bank's New Account Offers Cashback and 4.08% AER
Allica Bank introduces a business account with up to 1.5% cashback and 4.08% AER on savings, featuring modern tech and dedicated support to simplify money management for UK businesses.
Pension Tax Changes to Hit Millions of Modest Earners
Analysis reveals Rachel Reeves' pension salary sacrifice reforms could affect millions beyond higher earners, with employers likely to pass costs to workers.
HMRC Urges Families to Claim £1,200 Bonus Cash
HMRC alerts millions of low-income families to check eligibility for up to £1,200 in free bonus cash through the permanent Help to Save scheme, with expanded criteria from April 2028.
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Car Insurance May Not Cover Personal Belongings
A Which? investigation reveals many car insurance policies exclude coverage for items like phones, laptops, and documents stolen from vehicles, urging drivers to review terms.
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