New Fuel Reimbursement Rates Take Effect in UK
HMRC has implemented updated advisory fuel rates for petrol, diesel, electric, and LPG vehicles, affecting company car users across the United Kingdom.
Category : Finance Banking
Nationwide Updates on App Feature Customers Want
Nationwide Building Society has responded to customer inquiries about transaction notifications in its app, confirming the feature is in development. The society also highlights its alert system and a £175 switching bonus.
UK Urged to Save 3 Months' Pay for Financial Emergencies
New research reveals alarming savings gaps in the UK, with one in five people having less than £1,000 saved. Experts warn younger people and women are particularly vulnerable, urging households to build a three-month emergency fund.
168 Lloyds, Halifax, Bank of Scotland Branches Closing in UK
The Lloyds Banking Group has confirmed the closure of 168 branches across Lloyds, Halifax, and Bank of Scotland, with six locations in Birmingham affected. The closures are scheduled for 2026 and 2027, following a recent announcement of 95 additional clos
HMRC Penalties for Unauthorised Pension Withdrawals
HMRC issues stern warning about unauthorised pension payments, highlighting 40% tax charges and risks from unscrupulous firms targeting older savers.
State Pensioners Can Boost Tax-Free Allowance to £18,570
A key HMRC rule allows state pensioners to increase their tax-free personal allowance to £18,570 through the 'savers boost,' described as highly powerful for retirees and low earners.
Warning for UK Couples Without Joint Accounts as Hybrid Finances Grow
New research reveals nearly half of UK couples feel household finances are unfairly divided, with many avoiding money talks. Experts warn of relationship strain as hybrid financial arrangements become more common.
ISA Deadline Warning: Cash vs Stocks & Shares Compared
Finance experts issue urgent warning as tax year end approaches. Stocks & shares ISAs outperform cash for third year, but upcoming limit changes require careful planning.
HMRC Warns State Pensioners of Tax Code Changes
HMRC has issued a warning to state pensioners that their tax codes may be affected in certain circumstances, particularly for those with multiple income sources.
Check ISA Allowance Before April Deadline
Savers have just weeks left to maximize tax-free allowances before the April 5 deadline. Financial experts warn unused allowances will be lost.
Lloyds Bank: 40-Day Wait for £250 Switching Bonus
Lloyds Bank has issued a detailed update explaining the 40-day processing period for its £250 current account switching incentive, clarifying eligibility criteria for customers.
State Pensioners Get £13,830 Tax-Free Allowance via Marriage Perk
Married state pensioners can increase their Personal Tax-Free Allowance from £12,570 to £13,830 using HMRC's Marriage Allowance rule, but must cancel if their relationship ends or income changes.
Nationwide Customers Prepare for March 31 Deadline
Nationwide Building Society is expected to distribute its 'Fairer Share' bonus again this year, with customers urged to meet qualifying criteria by March 31 to potentially receive £100 payments.
Nationwide Warns of Card Blocks Over Fraud Alerts
Nationwide Building Society has issued a warning that it will block customer cards and send fraud alert messages if suspicious activity is detected, following concerns raised by a parent about messages sent to their son.
Cash ISA Holders Urged to Use Allowance Before April
Brits have just four weeks to deposit up to £20,000 in Cash ISAs before the tax year resets. Research shows many have unused allowances, with experts highlighting tax-free benefits.
Ultra-Rare Edward VIII Coin Worth £1 Million in UK
An ultra-rare King Edward VIII coin has been identified as the most expensive in the UK, with one version selling for £1 million in 2020. Experts warn collectors to verify authenticity due to high replica risks.
AI Tool Cuts Car Insurance by £233 for UK Drivers
MoneySuperMarket's new Price Optimiser uses artificial intelligence to analyze insurance quotes and suggest cost-saving adjustments, helping over 80% of users secure cheaper premiums.
Nationwide Update on UK Building Society Rule Changes
Nationwide Building Society has issued an update regarding Treasury legal changes affecting customer services and funding rules for UK building societies, with potential impacts on mortgages and economic growth.
Ombudsman Issues 'Too Good to Be True' Scam Warning
The Financial Ombudsman Service reports over 31,000 fraud complaints in 2025, with job and investment scams on the rise. Victims lose money through upfront fees and fake opportunities.
UK Contactless Card Payment Limit Lifted on March 19
The UK's contactless card payment limit of £100 will be removed on March 19, allowing banks to set their own maximums. Learn what this means for consumers and the history of the limit.
HMRC: Young Adults May Have £2,200 in Unclaimed Funds
HMRC alerts UK households that individuals born between 2002 and 2011 could have unclaimed Child Trust Funds averaging £2,200, with 758,000 potentially missing out.
HMRC Tax Warning for Earners Over £50,000
HMRC has issued a critical warning to self-employed individuals and landlords earning over £50,000 about new Making Tax Digital rules starting April 6. Approximately 864,000 people must prepare for digital record-keeping and quarterly submissions.
DWP Rule Change Widens Pension Gap for Millions
State pensioners face a DWP rule change that risks exacerbating the two-tier pension system, with experts warning it could widen gaps and increase tax burdens for millions.
Tesco Shoppers See £120 Bank Charges After Fuel
Tesco customers are reporting £120 charges on bank statements after using Pay at Pump fuel services, due to pre-authorisation holds that verify funds before final billing.
Nationwide Urged to Delay £175 Bonus Payments
Nationwide Building Society updates rules for £175 switching bonus after a Birmingham customer raises concerns over postal delays affecting account access.
Sky Price Hike: Some Face £36 Rise from April
Sky broadband and TV customers will see price increases from April, with most broadband rising £3 monthly and premium TV up to £3. Experts advise switching to save.
HMRC Works on Solution for State Pension Tax Issue
HMRC is developing a solution to prevent state pensioners from paying tax when their pension exceeds the personal allowance, following Chancellor Rachel Reeves' commitment.
Inheritance Tax Threshold Triples for Farmland from April
The Labour government has significantly increased the inheritance tax threshold for agricultural assets from £1m to £2.5m, easing concerns for family farms while maintaining some tax obligations.
HMRC Boosts Tax-Free Allowance for Marriage Allowance
HMRC is enhancing the Personal Tax-Free Allowance by 10% for those using the 'M' tax code under Marriage Allowance, allowing couples to transfer £1,260 and save up to £252 annually.
HMRC Warning: Beware Early Pension Access Schemes
HMRC warns against schemes promising early or tax-free pension access, highlighting risks of disguised tax avoidance and severe financial penalties.
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