HMRC Loophole Wins Back £370,000 Stamp Duty for Households
A legal victory in Buckinghamshire shows how a 'towpath loophole' can classify properties as mixed-use, significantly reducing stamp duty bills for UK homeowners.
A legal victory in Buckinghamshire shows how a 'towpath loophole' can classify properties as mixed-use, significantly reducing stamp duty bills for UK homeowners.
Nationwide Building Society introduces new savings accounts offering 4% interest, potentially giving customers an extra £400 annually on £10,000 deposits, alongside enhanced fixed-rate ISA options.
Chancellor Rachel Reeves has confirmed state pension increases for 2026/27, with some retirees seeing up to £575 more annually from April. However, the boost depends on age and pension type, creating disparities between newer and older recipients under th
Nationwide Building Society customers must act quickly to meet eligibility criteria for the Fairer Share £100 bonus scheme, with experts predicting a repeat of last year's payout to millions.
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RecommendedState pensioners can significantly increase their Personal Tax Allowance to £16,320 through HMRC's rent-a-room scheme, with potential to reach £20,070. The scheme allows tax-free income from letting a furnished room.
HMRC has issued an important reminder to drivers and employers about the tax-free Mileage Allowance Payments (MAPs) for using personal vehicles on business journeys, with rates of 45p per mile for the first 10,000 miles.
Millions of Nationwide customers could receive £100 bonus payments this summer as the building society is expected to bring back its popular Fairer Share scheme for 2026, with eligibility criteria including current accounts, savings, or mortgages.
Discover five legitimate HMRC rules that can increase your tax-free income allowance by up to £16,000 annually, including savings, investments, and family benefits.
Self-employed workers and landlords earning over £50,000 must adopt quarterly digital tax reporting from April 6 under HMRC's Making Tax Digital program, adding significant administrative burden.
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RecommendedState pensioners face potential HMRC tax bills as triple lock increases push payments above frozen personal allowance thresholds, warns financial expert.
NatWest has strengthened its retail banking leadership with three senior appointments, aiming to enhance customer support and grow its Premier service to one million customers.
Nationwide Building Society highlights a little-known rule limiting cash deposits at ATMs to £2,500 daily, while cheque deposits allow up to £50,000. The society reaffirms its branch commitment until 2030.
Experts warn the Triple Lock could push the State Pension to £43,035 by April 2054-55, with costs rising as the population ages and pension age increases.
Due to the Triple Lock mechanism, state pension payments are set to rise by 4.8% in April, pushing many pensioners over the personal allowance threshold and into income tax territory.
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RecommendedBarclays has introduced a £300 daily cash withdrawal limit for personal current accounts, with Premier customers allowed up to £1,000. The bank encourages electronic payments for large amounts and requires ID for over-the-counter withdrawals.
Lloyds Bank reports overall business confidence remained steady at 44% in February, with optimism in the wider economy rising despite slight dips in firms' own trading expectations.
Tax experts reveal how state pensioners can increase their Personal Allowance by over £8,000 using HMRC's Marriage Allowance and Rent-a-Room Scheme, with many couples missing out on these benefits.
BBC Morning Live finance expert Laura Pomfret highlights that £48,000 is lost daily to pension scams, with victims averaging £34,000 losses, urging vigilance against unsolicited contacts.
Three Mobile is shifting from percentage-based annual price hikes to a fixed pound-and-pence increase, affecting bills from April. Customers can cancel within 30 days without penalty.
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RecommendedHMRC has issued a stark warning to UK crypto holders, stating that profits exceeding £3,000 may be subject to Capital Gains Tax. The tax authority emphasizes the importance of maintaining detailed records to avoid compliance issues.
Santander issues urgent warning as criminals target young adults with money mule schemes via social media and fake job ads, risking prison and financial ruin.
HM Revenue & Customs has reduced the Personal Savings Allowance to just £500 for higher rate taxpayers, while basic rate taxpayers retain £1,000. The changes affect how much interest UK savers can earn tax-free each year.
HMRC has issued a critical warning to remote workers about claiming tax relief for home office expenses, urging them to avoid third-party companies and check eligibility directly.
UK state pensioners can boost their personal tax-free allowance to over £20,000 by using HMRC's Rent-a-Room Scheme combined with standard allowances, offering relief amid frozen tax thresholds.
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RecommendedNatWest Bank has announced an £8 million funding boost for debt advice charities PayPlan and StepChange to support customers and communities facing financial difficulties across the UK, including Birmingham.
Nationwide Building Society has issued clear guidance for customers wishing to deposit old round £1 coins at branches, detailing daily limits and identification requirements for cash and cheque transactions.
Up to 14 million motorists who purchased cars on finance between 2007 and 2024 could receive average payouts of £700 this year due to unfair commission arrangements.
Octopus Energy faces backlash after introducing exit fees up to £75 for new fixed contracts, with customers calling the move 'shameful' amid volatile energy markets.
A new generation of challenger banks is transforming UK banking by offering accounts that actively reward customers with cashback, competitive interest rates, and personalized support, moving beyond traditional services.
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RecommendedOctopus Energy has raised exit fees for fixed-rate tariffs from zero to £75, prompting a social media exchange between CEO Greg Jackson and money expert Martin Lewis.