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.
Category : Finance Banking
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.
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.
State Pension Age Changes: Key Dates for 1960-1978 Born
The state pension age is rising from 66 to 67 over two years, affecting those born between April 1960 and March 1961. People born after April 1978 may face a pension age of 68 by 2046, with a current review potentially accelerating changes.
Birmingham Artist Clears £13k Debt with Colour-Coding
Megan Smith-Evans, 33, from Birmingham, paid off £13,000 of debt in just 12 months using a strict colour-coded budgeting system after accumulating £15,000 through pandemic spending, a new puppy, and excessive takeaways.
HMRC Introduces New £200 Penalties for Late Tax Returns
HMRC has launched a points-based penalty system for late income tax submissions under Making Tax Digital, with annual filers facing £200 charges for repeated delays.
Save £315 on Car Insurance by Adding Spouse
Motoring experts reveal that adding a spouse to your car insurance policy can cut average premiums from £821 to £506, delivering significant cost-of-living savings.
UK State Pension Age Rises from April, Impacting Millions
A major change to the UK state pension age begins in April, with the age gradually rising from 66 to 67, affecting millions of people born after April 1960.
UK Pension Funds Fail Benchmarks, Savers Lose Up to £139k
A shocking analysis reveals 90% of high-risk pension funds underperformed the FTSE 100 over five years, with the worst fund losing 98.59% of its value. Millions of Brits face retirement shortfalls.
Royal Mail Demands Urgent Saturday Post Overhaul
Royal Mail calls for urgent reform to scrap Saturday second-class deliveries after failing to meet Ofcom's delivery targets for first and second-class mail.
UK Banks Offering Up to £400 for Switching Accounts
Major UK banks including Barclays, HSBC, Santander, Nationwide, NatWest, First Direct, and Co-op are providing cash incentives ranging from £100 to £400 for customers who switch their current accounts. These offers are available to Birmingham residents th
Partner on Car Insurance Saves £300, Study Finds
New research reveals adding a spouse or partner to car insurance cuts bills by £315 on average, with savings from shared risk, but details like driving history matter.
New Contactless Card Rules Start March 19 in UK
A new regulation allowing higher contactless payment limits takes effect in the UK from March 19, 2026, but experts warn many banks may not be ready for the change.
Seven Financial Cliff-Edge Rules Cost UK Households £1,350
Birmingham households face seven hidden income traps, including tax thresholds and benefit losses, that could leave them £1,350 worse off annually. Experts reveal strategies to mitigate these financial pitfalls.
Millions Lose £360 Yearly in Wrong Bank Accounts
Financial experts warn that millions of UK savers are losing £360 annually by keeping cash in non-interest current accounts instead of higher-yield savings options.
Farmers Must Review Finances Ahead of Inheritance Tax Shift
Farmers and landowners across the UK are advised to review financial plans as inheritance tax thresholds for agricultural and business assets rise from £1m to £2.5m in April 2026, affecting estate planning and tax liabilities.
ASOS Co-Founder Dies in Thailand Apartment Fall
Quentin Griffiths, co-founder of online fashion giant ASOS, has died after falling from his 17th-floor apartment in Pattaya, Thailand. The 58-year-old helped launch the company 26 years ago.
CGT Receipts Jump 44% as Allowance Slashed to £3,000
HM Revenue & Customs data reveals Capital Gains Tax receipts soared to £20.6 billion in the latest 12-month period, a 44% increase, following a reduction in the annual exemption to just £3,000.
HMRC Inheritance Tax Hits £7.1bn, Middle Class Families Affected
New HMRC data reveals inheritance tax receipts reached £7.1 billion, £100 million higher than last year, with thousands of middle-income households now facing significant tax bills due to frozen thresholds and rising property values.
UK Pension Rule Change: Two-Year Savings Lockout for Thousands
A major Labour government rule change will prevent thousands of workers from accessing their pension savings for two years, as the Normal Minimum Pension Age rises from 55 to 57 in 2028.
HMRC Tax Digital Letters for £50,000+ Earners from 2026
HMRC is sending letters to individuals earning £50,000 or more from self-employment or property, mandating quarterly tax filings under Making Tax Digital from April 6, 2026, with thresholds lowering to £30,000 in 2027 and £20,000 in 2028.
British Gas Resumes Door-to-Door Sales After 15 Years
British Gas has reportedly reintroduced door-to-door sales tactics, sparking criticism from campaigners who label the approach as 'bullying' and particularly harmful to elderly customers.
HMRC Scraps £200 Fines for UK Households
HMRC introduces a points-based penalty system for late tax submissions, sparing households immediate £200 fines under a new 24-month compliance rule.
HMRC Waives £200 Fines for New 2026 Digital Tax Rules
HM Revenue & Customs will waive £200 late submission penalties in the first year as Making Tax Digital for Income Tax launches for sole traders and landlords on April 6, 2026.
Pensioners Warned of HMRC Tax Threshold Changes
Millions of pensioners may be required to pay tax on their State Pension as rising rates could exceed the Personal Allowance threshold by April 2027, with Chancellor Rachel Reeves providing reassurances.
HMRC Alert: £2,200 Unclaimed for Brits Born 2002-2011
HM Revenue & Customs issues urgent alert about unclaimed Child Trust Funds averaging £2,200 for individuals born between September 2002 and 2011. The government scheme provided tax-free savings now accessible at age 18.
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