£200 Cost-of-Living Payments for Non-Benefit Households Confirmed
Chancellor Rachel Reeves confirms £200 payments from new Crisis and Resilience Fund for struggling households, even those not on benefits. Apply via local councils.
Category : Finance Banking
DWP urged to strip PIP from 197,000 high-income households
The DWP is called to remove PIP from nearly 200,000 households earning over £100,000 annually, as the benefits bill is set to surge to £41bn.
DWP July State Pension £1,480 for Pre-1951 Births
DWP will increase July state pension payments to £1,480 for pensioners born before 1951, with a double payment due to Wednesday, July 1, and July 28 dates.
Halifax Update: Card Replacement and Contactless Activation
Halifax has clarified its policies on debit card replacement and contactless activation after a customer query. Key timeframes and steps are outlined.
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Skipton Issues £4,087 Savings Alert: One in Three Paralyzed
Skipton Building Society warns one in three suffers 'money-moving paralysis' as £327 billion sits in 0% accounts. Moving £4,087 to a 5% account could earn £209 extra yearly.
Three Brits Admit Killing Canadian Restaurant Owner Over Bill
Three British men plead guilty in Canada over the death of restaurant owner Sharif Rahman after a dispute about an unpaid £79 bill. Two sentenced to time served, one awaits sentencing.
NatWest Warns Over-55s About Investing Confidence Gap
NatWest warns over-55s about investing confidence gap. Gen Z leads in investment curiosity, but older generations feel left behind. New campaign aims to break barriers.
Barclays Responds to £100 Bonus Payment Calls
Barclays has issued an update on whether it will introduce a £100 cash bonus for switching, following Nationwide's Fairer Share payments. The bank says it regularly reviews offers.
HMRC Clarifies Savings Tax Rules for Pensioners
HMRC has clarified how tax on savings works for state pensioners, confirming basic rate taxpayers have a £1,000 tax-free allowance on savings interest.
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HMRC Freezes Fuel Duty with 16 Bands Until Jan 1
Chancellor Rachel Reeves confirms fuel duty freeze until December 31. Full list of 16 rates from HMRC, including petrol, diesel, and rebated fuels.
Nationwide Offers Free £631 to Savers with £10,000
Nationwide is offering a fixed savings rate of 5% AER on balances up to £10,000, potentially earning customers £631.30 in interest over 15 months.
Rachel Reeves Confirms £325 Tax Rule for Post-2001 Cars
Chancellor Rachel Reeves confirms vehicle tax bands for cars made between 2001 and 2017, with some owners facing bills up to £790 annually based on emissions.
New £200 Cost-of-Living Payments: How to Claim
Chancellor Rachel Reeves has launched the Crisis and Resilience Fund (CRF) offering £200 grants to households struggling with bills. Apply via local councils.
Small overpayments can save thousands and cut mortgage term
A mortgage broker reveals that even small regular overpayments can save homeowners thousands in interest and shorten their mortgage term significantly.
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Reeves Urged to Drop £240 EV Pay-Per-Mile Tax Plan
Rachel Reeves faces pressure to abandon a pay-per-mile car tax that would charge EV drivers £240 annually for 8,000 miles, with experts warning it could delay EV uptake.
Ofgem Changes Energy Price Cap Calculation Method
Ofgem is updating how it calculates the typical household energy bill, reducing the October estimate by £190 due to lower consumption assumptions.
Aircraft Pulled Out of Shropshire Air Show
Another aircraft has been withdrawn from a popular Shropshire air show, organisers have confirmed, citing that the plane was not ready to participate in the event.
Holiday Spending Traps: Avoid Last-Minute Impulse Buys
Experts warn holidaymakers about last-minute spending traps that can blow budgets. Tips include the 24-hour rule, borrowing essentials, and using cash to curb impulse buys.
HMRC Tax Warning for Savers on Inheritance Tax Change
Only 42% of adults understand pension options. Expert warns of £3,000 HMRC tax alert. From April 2027, pensions face inheritance tax. Gifting and planning key.
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24 Days to Save £221 on Energy Bills Before Price Cap Rise
UK households have 24 days to save £221 before the energy price cap rises by 13% on July 1. Uswitch warns standard tariff customers to switch now.
Nationwide £100 Bonus Hits Accounts This Week
Nationwide Building Society is surprising over 4 million members with a £100 Fairer Share payment, starting Wednesday. The bonus marks the fourth consecutive year of the payout, totaling over £1.5 billion since 2023.
Chase Bank Offers £280 Cashback After June Rule Change
Chase bank has updated its cashback scheme, removing the £1,500 monthly pay-in requirement. Customers can now earn 2% cashback on more spending categories, up to £20 per month.
HMRC Sends 4 Million Tax Refund Letters Averaging £473
HMRC is sending 4 million tax refund letters from June to August, with an average payout of £473. Last year, nearly 1 million people failed to claim owed money.
EV Drivers with Large Batteries Face Insurance Hike
Electric vehicle owners with larger or more complex batteries may see insurance premiums rise due to higher repair costs and risk factors, experts warn.
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Reeves 22% ISA Tax Targets State Pensioners
Rachel Reeves plans a 22% tax on cash interest in stocks and shares ISAs from April 2027, impacting retirees. Critics warn of complexity and unfairness.
Nationwide to Pay Free £100 to Millions of Customers
Nationwide will deposit £100 into accounts of 4 million eligible customers from June 10, 2026, as part of its Fairer Share payout scheme. Payments continue until June 30.
Santander warns World Cup fans could spend £630
Santander issues £630 alert for customers watching all eight World Cup games, with spending on eating out, takeaways, taxis, and fuel adding up quickly.
Nationwide £100 Fairer Share Payment 2026 Deadline
Nationwide reintroduces the £100 Fairer Share scheme for 2026. Customers must opt out by June 8. Payments from June 10 to 30. Over 4 million members qualify.
Barclays £5 Challenge Helps You Save Money Quickly
Barclays recommends the £5 savings challenge to help people save money quickly. Set aside £5 for every purchase over £20 to build savings fast.
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What Happens If You Run Out of Money in Retirement?
Running out of money in retirement can be daunting, but there are options like State Pension, Pension Credit, Housing Benefit, and more to help you manage.
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