Two Migrant Boat Pilots Jailed Under New Law in UK First
Two men who piloted overcrowded migrant boats across the Channel have been jailed under new border security laws, the first such sentences in the UK.
Category : Finance Banking
HMRC Sends £5,000 Tax Bills to 144,000 Households
HMRC is issuing £5,000 tax demand letters to 144,000 households as savings interest triggers higher tax bills. Paragon Bank warns numbers have doubled since 2022-23.
Fuel Prices Keep Falling: Petrol and Diesel Drop
Petrol and diesel prices are expected to continue falling in the coming weeks, with unleaded down by at least 4p and diesel by up to 8p, according to RAC analysis.
Nationwide £100 Bonus: Check Your Bank Statement Now
Nationwide starts paying £100 Fairer Share bonus to 4.4 million members from June 10. Look for 'Nationwide Fairer Share Payment' on your statement. No application needed.
DWP Crackdown on Pension Fraud: Victims Lose £38,400
The DWP announces new safeguards to combat pension fraud, as victims lose an average of £38,400. The measures aim to block suspicious transfers automatically.
Should You Keep Investing After Retirement? Yes, Here's Why
Investing after retirement helps combat inflation, preserve purchasing power, and fund a longer retirement. Discover why continuing to invest is wise.
Is Lifestyle Inflation Hurting Your Finances? Tips to Cut Costs
Lifestyle inflation is straining finances, but experts share ways to cut costs without sacrificing social life. Learn how to set boundaries, track spending, and avoid FOMO.
Nationwide £100 Bonus for 4.4M Customers from Wednesday
Nationwide confirms £100 Fairer Share payments for 4.4 million eligible customers from June 10, with most receiving funds on the first day.
Frozen Tax Bands to Cost Over 500,000 Pensioners
Hundreds of thousands of state pensioners will lose money due to Rachel Reeves' frozen tax bands, dragging more retirees into income tax and canceling triple lock increases.
DWP state pension change proposal sparks concern
A radical plan to allow younger people to take their first year of state pension as a lump sum has been criticized by financial experts and campaigners.
NS&I Premium Bonds Warning for 22 Million Holders
NS&I Premium Bonds holders are warned not to depend on winning prizes. Experts clarify misconceptions as the prize fund rate rises to 3.80% in July 2026.
Nationwide Slashes £100 Bonus Payments for Millions
Nationwide warns that its £100 Fairer Share bonus payment will be reduced for some recipients and is subject to income tax, reported to HMRC.
One in Five UK Drivers Cut Car Use Over Fuel Costs
One in five UK drivers are reducing car use or household spending to afford fuel amid the cost-of-living crisis, according to a new survey by the Money and Pensions Service.
HMRC's £12,000 'Breadwinner Penalty' Hits High Earners
High-income UK households face a £12,000 'breadwinner penalty' when one partner earns over £100,000, due to HMRC tax cliffs and benefit tapers.
Rachel Reeves confirms £150 Universal Credit bonus
The Government has confirmed a £150 Warm Home Discount for all Universal Credit claimants, helping six million households with energy bills this winter.
FCA Proposes Five New Mortgage Rules for UK Borrowers
The FCA has proposed five new mortgage rules to help first-time buyers, self-employed, and older borrowers. Changes include flexible repayments, foreign currency lending, and updated affordability guidance.
State Pension UK: How Much You Can Get and Ways to Boost It
Discover how much state pension you can expect, how to boost your income, and what Pension Credit offers. Expert advice on retirement planning.
Fix or Variable Mortgage: Key Pros and Cons Explained
Deciding between a fixed-rate and variable mortgage? We break down the benefits and drawbacks of each to help you choose based on your budget and market outlook.
Nationwide £100 Fairer Share Payments Begin Wednesday
Nationwide will start paying £100 Fairer Share payments to four million customers from June 10, with money arriving automatically in accounts.
£200 Cost-of-Living Payments for Non-Benefit Households Confirmed
Chancellor Rachel Reeves confirms £200 payments from new Crisis and Resilience Fund for struggling households, even those not on benefits. Apply via local councils.
DWP urged to strip PIP from 197,000 high-income households
The DWP is called to remove PIP from nearly 200,000 households earning over £100,000 annually, as the benefits bill is set to surge to £41bn.
DWP July State Pension £1,480 for Pre-1951 Births
DWP will increase July state pension payments to £1,480 for pensioners born before 1951, with a double payment due to Wednesday, July 1, and July 28 dates.
Halifax Update: Card Replacement and Contactless Activation
Halifax has clarified its policies on debit card replacement and contactless activation after a customer query. Key timeframes and steps are outlined.
Skipton Issues £4,087 Savings Alert: One in Three Paralyzed
Skipton Building Society warns one in three suffers 'money-moving paralysis' as £327 billion sits in 0% accounts. Moving £4,087 to a 5% account could earn £209 extra yearly.
Three Brits Admit Killing Canadian Restaurant Owner Over Bill
Three British men plead guilty in Canada over the death of restaurant owner Sharif Rahman after a dispute about an unpaid £79 bill. Two sentenced to time served, one awaits sentencing.
NatWest Warns Over-55s About Investing Confidence Gap
NatWest warns over-55s about investing confidence gap. Gen Z leads in investment curiosity, but older generations feel left behind. New campaign aims to break barriers.
Barclays Responds to £100 Bonus Payment Calls
Barclays has issued an update on whether it will introduce a £100 cash bonus for switching, following Nationwide's Fairer Share payments. The bank says it regularly reviews offers.
HMRC Clarifies Savings Tax Rules for Pensioners
HMRC has clarified how tax on savings works for state pensioners, confirming basic rate taxpayers have a £1,000 tax-free allowance on savings interest.
HMRC Freezes Fuel Duty with 16 Bands Until Jan 1
Chancellor Rachel Reeves confirms fuel duty freeze until December 31. Full list of 16 rates from HMRC, including petrol, diesel, and rebated fuels.
Nationwide Offers Free £631 to Savers with £10,000
Nationwide is offering a fixed savings rate of 5% AER on balances up to £10,000, potentially earning customers £631.30 in interest over 15 months.
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