Cancel Direct Debits to Boost Retirement by £37,000
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.
Category : Finance Banking
Savings Alert: More Accounts, Lower Rates
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 to Close 14 UK Branches in March
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.
Boost Pension by £37,000: Avoid 5 Common Mistakes
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.
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UK Regulators Crack Down on Buy Now Pay Later Debt Risks
New FCA rules bring Buy Now Pay Later firms under strict oversight, requiring affordability checks and consumer protections for 11 million users.
HMRC Raises Tax-Free Allowance to £13,830 for Some
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.
Costco Named UK's 'Always' Cheapest Fuel Retailer
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.
Energy Customers to Get £40 Under New Smart Meter Rules
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.
HMRC Tax-Free Allowance Rises to £18,570 for Some
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.
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Save £315 on Car Insurance by Adding Partner to Policy
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 to Contact 900,000 Savers Over Tax
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.
Martin Lewis Warns Against Bogus Renewable Energy Grant Calls
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 Pays £175 Bonus to 8,800 New Customers
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 £50 Bonus Rules for Friend Referrals Explained
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.
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HMRC Urges UK Households to Claim Tax Refunds via App
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.
Car Break-In Insurance Gaps Leave Drivers Facing Financial Loss
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 Offers £175 Welcome Bonus to New Customers
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 Letters Alert £50k+ Earners to Tax Rule Changes
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.
Savers Warned of £300 Loss with High Street Banks
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.
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Drivers Urged to Get £15 Roadside Recovery Cover
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.
Lifetime ISA Penalties Hit £13,500 as Cap Lags House Prices
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.
State Pensioner Couples Get £3,945 Extra from DWP
New figures reveal state pensioner couples receive £3,945 more than needed for minimum retirement living standards, while singles face a £852 shortfall.
HMRC Updates Tax Code Rules for State Pensioners
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.
Martin Lewis Advice Saves Viewer £400 on Water Bills
A MoneySavingExpert.com reader slashed her water bill by 50% after following Martin Lewis's guidance on social tariffs, saving £400 annually as bills rise across England and Wales.
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UK Households Urged to Use ISA Allowance Before Deadline
Financial experts warn UK households with less than £20,000 in savings to maximize their ISA allowance before the April 5 tax year deadline, highlighting common mistakes and different ISA options available.
Savers with £10,000 in High Street Banks Urged to Switch
UK households holding £10,000 in high street bank accounts are being warned they could be missing out on hundreds of pounds in interest by not considering challenger banks offering higher rates.
Bank Customers Could Lose £293 Yearly by Not Switching
Customers with major UK high street banks like Barclays, HSBC, Lloyds, and NatWest could be nearly £300 worse off annually by failing to switch to challenger banks offering significantly higher interest rates, according to financial analysis.
Lenders Urged to Change Self-Employed Borrower Attitudes
Major UK banks including Nationwide, Lloyds, and Barclays face calls to reassess lending criteria for self-employed individuals as traditional employment stability diminishes amid rising unemployment and AI disruption.
Savers Use Annuities to Protect Retirement from Labour Tax
High-value annuity purchases are surging as affluent savers seek to protect retirement income and pass more wealth to heirs amid Labour's pension inheritance tax changes.
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Younger Retirees Get £575 Annual Pension Boost from DWP
The Department for Work and Pensions has confirmed state pension increases under the triple lock, with younger retirees seeing a £575 annual rise. New weekly rates take effect from April 6, 2026.
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