Experts: Don't Rely on Crowdfunding for Life Crises
Financial advisors caution that platforms like GoFundMe are making people complacent about personal responsibility during serious life events, calling it a dangerous gamble.
Category : Finance Banking
Martin Lewis Warns of Premium Bond Rate Drop in April
Money Saving Expert Martin Lewis issues a warning as NS&I Premium Bonds prize rate falls from 3.6% to 3.3% in April. Experts suggest considering high-interest savings accounts for guaranteed returns instead.
Half of Brits Would Use AI for Financial Advice
A new survey shows 50% of UK adults would turn to artificial intelligence for financial guidance, with younger generations leading the adoption of AI tools over traditional advisors.
Lloyds Group Closing 168 Branches in UK Over Two Years
Lloyds Banking Group confirms 168 branch closures over the next two years, impacting Lloyds, Halifax, and Bank of Scotland. Experts highlight alternatives like shared banking hubs and community bankers.
Lloyds Bank £500 Bonus for Account Switching
Lloyds Bank is providing a £500 bonus payment to customers who switch to a Premier account by April 30, 2026, with additional perks like Disney Plus and cinema tickets available.
Bank of England Forecasts 2% Inflation in Three Months
Governor Andrew Bailey tells Parliament that inflation is 'baked-in' to fall to the 2% target by May, amid cautious optimism from financial experts and mortgage brokers.
13 Ways Couples Can Shield Thousands from Tax
Financial experts reveal 13 legal methods for couples to protect significant sums from HMRC through allowances, ISAs, and strategic planning as tax thresholds remain frozen.
2 Million Brits Forced to File 10+ Tax Updates Yearly
The Making Tax Digital initiative launching in April 2026 will require over two million Brits to submit more than 10 financial updates annually, sparking criticism from small business owners about increased administrative burdens.
NatWest and TSB Cut Mortgage Rates by Up to 0.2%
NatWest and TSB have announced mortgage rate reductions of up to 0.2%, following similar cuts by Barclays, Nationwide, and Santander. Experts predict further base rate drops.
Caregivers Could Be Owed Thousands in Pension Backpay
Personal finance expert Martin Lewis reveals a state pension error affecting caregivers who took time off between 1978 and 2010, with potential payments reaching over £30,000.
Lloyds Bank £700 Bonus Scheme for UK Customers
Lloyds Bank has introduced two bonus payments totaling up to £700 for UK customers who switch accounts, save, or invest, with offers valid until April 30, 2026.
Standard Chartered Returns £1.2bn to Investors Despite Profit Shortfall
Standard Chartered announced a £1.2bn share buyback and 65% dividend increase despite missing analyst profit forecasts, as its wealth management division achieved record performance with $52bn in new client inflows.
NS&I Cuts Premium Bonds Prize Rate to 3.30% from April 2026
National Savings and Investments reduces Premium Bonds prize fund rate from 3.60% to 3.30% starting April 2026, while odds worsen to 23,000 to 1 per £1 Bond.
HMRC Tax Software Glitch: 20% Overcharge on Dividends
UK taxpayers are reporting a critical error in HMRC's 2024-25 tax calculation software, with basic-rate dividend income taxed at 20% instead of 8.75%. Despite repeated complaints, HMRC's helpline delays and lack of response leave households frustrated and
Santander Writes to UK Customers on Pre-Approved Credit Cards
Santander is sending letters to UK customers about pre-approved credit card offers, urging them to manage spending wisely with details on rates and eligibility criteria.
British Gas £1,748 Free Energy Prize Draw for Members
British Gas is running a monthly prize draw where members can win a year's worth of free energy valued at £1,748. Customers must opt in by February 28, 2026, to enter.
HMRC's £2,000 Pension Cap Hits 3.3 Million Savers
The Labour government will cap National Insurance relief on pension salary sacrifice at £2,000 annually from April 2029, impacting millions of pension savers and employers.
UK Workers Could Claim Up to £2,971 from HMRC
Employees are urged to check for reimbursable expenses like mileage, professional fees, and unpaid leave, with potential claims adding up to £2,971 over several years if left unchecked.
1,300 Seek HMRC Tax Digital Exemption, 200 Denied
New figures reveal that 1,300 individuals have applied for exemption from HMRC's Making Tax Digital rules, with over 200 already denied as the system launches this spring.
New Contactless Payment Rules: Banks Issue Customer Warning
Nationwide, Lloyds, and NatWest customers are being alerted to significant changes in contactless spending limits, with the £100 cap being removed from March 19, potentially allowing higher single-tap transactions.
Martin Lewis: State Pension Error Could Owe Thousands
Money Saving Expert Martin Lewis warns a state pension error from 1978 to 2010 may entitle parents and carers to back payments of thousands, urging immediate checks.
HMRC Fuel Rates Update for Company Cars Effective March 1
New advisory fuel rates for petrol, diesel, and electric company cars will be implemented by HMRC starting March 1, 2026, maintaining current mileage payment structures for business travel reimbursement.
Virgin Media Broadband Discounts for Loyal Customers
Virgin Media is providing automatic discounts on broadband bills for select customers nearing contract ends, with some deals extended for another 12 months without negotiation required.
Lloyds Bank £83 Service Charge: Customers Can Get Refund
Lloyds Bank customers have reported a frustrating £83 service charge, prompting the bank to respond on social media. The bank explains fees vary by account type and usage, and advises affected customers to contact them directly for potential refunds.
HMRC Forces 13 Annual Tax Filings or £200 Fines
New HMRC Making Tax Digital rules will require self-employed workers and landlords to file financial updates up to 13 times per year, with penalties for non-compliance.
Three Mobile Penalty-Free Exit After Contract Error
Three mobile provider is correcting contract documents for UK customers due to a technical issue and offering a 30-day penalty-free cancellation window.
AI Tool Nous Cuts Energy and Broadband Bills with Less Hassle
A growing number of UK households are using the AI-powered service Nous to automatically manage contracts and find savings on energy, broadband, and mobile bills, claiming average savings of £534 per switch.
AstroAI Tyre Inflator Drops to Under £16 on Amazon
The best-selling AstroAI digital tyre inflator is now available for just £15.98 on Amazon with a 20% discount. This portable air compressor runs via car cigarette lighter and includes accessories for various inflatables.
Marriage Allowance: Tax Relief for UK Pensioners
UK state pensioners can boost household income by using HMRC's Marriage Allowance, transferring unused tax-free allowance to reduce collective tax liability and secure savings.
Rachel Reeves Confirms £575 Pension Increase - Not All Benefit
Chancellor Rachel Reeves has confirmed new state pension rates for 2026/27 under the triple lock system, with payments increasing from April. However, the amount received varies significantly depending on age and pension type.
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