UK households selling items on platforms like Vinted and eBay must declare earnings over £1,000 annually to HMRC or risk criminal investigation, experts warn. New data-sharing agreements mean tax authorities now monitor high-volume sellers closely.
HMRC is urging over 860,000 sole traders and landlords to comply with the new Making Tax Digital system, even if they don't receive a letter, with thresholds starting at £50,000 this April.
HMRC is writing to over 860,000 sole traders and landlords about the new Making Tax Digital system, but warns that even those who don't receive letters must comply with the legal requirements starting this spring.
Lloyds Bank has discontinued cheque deposits at Post Offices, impacting millions. Customers can still use mobile apps, cash services, and a new freepost option.
A small business owner received a £42,000 bill from O2 for data roaming charges during a holiday in Morocco, sparking a warning about uncapped fees in phone contracts.
The HMRC has increased the tax-free personal allowance to £20,070 for some individuals. Additionally, the Rent a Room scheme allows up to £7,500 in annual rental income tax-free, with specific conditions for joint lettings and property types.
Government officials have announced upcoming legal reforms affecting Nationwide Building Society customers, with statutory instruments expected before summer recess.
UK households waste £39 monthly on unused direct debits. Redirecting this money into pensions could add £37,000 to retirement funds, according to Standard Life analysis.
A surge in savings deals to record highs contrasts sharply with declining average interest rates, prompting financial experts to warn savers against complacency and inflation erosion.
Lloyds Bank will shut 14 branches across the UK in March 2026, continuing the trend of banks leaving high streets. The closures will leave 610 branches remaining, with alternatives like online banking offered.
Consumer group Which? reveals how avoiding five common pension errors could increase your retirement savings by £37,000. Learn about delaying planning, cutting contributions, and losing track of old pots.
New FCA rules bring Buy Now Pay Later firms under strict oversight, requiring affordability checks and consumer protections for 11 million users.
The Personal Tax-Free Allowance has been increased by £1,250 for households earning under £50,000, with the Marriage Allowance enabling tax savings of up to £252.
UK drivers are advised that Costco consistently offers the lowest fuel prices, undercutting major supermarkets like Tesco and Asda, with diesel 13p per litre cheaper than BP's national average.
Major energy suppliers including British Gas, EDF, EON, Ovo, and Octopus must pay £40 automatically if they fail to meet new service standards for smart meter installations starting Monday.
UK households earning under £18,570 annually from combined income and savings may qualify for tax-free interest on all savings, with experts explaining complex allowances.
New research from Confused.com reveals that adding a spouse or partner to your car insurance can save drivers an average of £315 annually. Experts explain how sharing the driving risk leads to lower premiums.
HMRC is contacting nearly 900,000 individuals with savings over £3,500 as part of a review into untaxed interest. Personal finance experts explain the Personal Savings Allowance rules and what recipients should do if they receive a letter.
MoneySavingExpert founder Martin Lewis has issued a stark warning to UK households about unsolicited calls falsely using his name to promote renewable energy grants, labeling them as scams.
NatWest has awarded £175 switching bonuses to 8,800 customers in late 2025, while Nationwide gained 42,000 switchers. Over one million bank switches occurred in 2025, highlighting strong consumer demand for better value.
Lloyds Bank has clarified the rules for its friend referral scheme, where customers can earn £50 per referral, up to £250 annually, by inviting new clients to open a current account.
HMRC warns one million people annually miss out on tax refunds, advising use of its app for verification and claiming overpaid tax through P800 letters or online methods.
New research reveals that many car insurance policies offer inadequate coverage for personal belongings stolen from vehicles, leaving drivers vulnerable to significant financial shortfalls.
First Direct is providing a £175 welcome bonus to new current account customers who meet specific criteria within 45 days, including switching via the Current Account Switch Service.
HMRC is dispatching letters to households with incomes exceeding £50,000 to notify them of major tax rule changes under Making Tax Digital, requiring quarterly submissions from April 2026.
Analysis reveals savers with £10,000 in major banks lose nearly £300 yearly versus challenger banks. Experts warn of widening rate gaps and urge switching.
Motorists can purchase basic roadside assistance policies starting at £15 annually. Experts recommend tailoring coverage to individual needs rather than opting for unnecessary add-ons.
UK savers face £13,500 penalties to access their own money in Lifetime ISAs, with the property price cap frozen at £450,000 while housing costs surge. Over 129,000 were penalized last year.
New figures reveal state pensioner couples receive £3,945 more than needed for minimum retirement living standards, while singles face a £852 shortfall.
HMRC has clarified its one-week rule for adjusting tax codes when state pension amounts change, ensuring pensioners pay correct tax as Triple Lock increases take effect in April.