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.
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 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.
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.
The Government has confirmed a £150 Warm Home Discount for all Universal Credit claimants, helping six million households with energy bills this winter.
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Nationwide will start paying £100 Fairer Share payments to four million customers from June 10, with money arriving automatically in accounts.
Chancellor Rachel Reeves confirms £200 payments from new Crisis and Resilience Fund for struggling households, even those not on benefits. Apply via local councils.
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RecommendedThe 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 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 has clarified its policies on debit card replacement and contactless activation after a customer query. Key timeframes and steps are outlined.
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 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.
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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 has clarified how tax on savings works for state pensioners, confirming basic rate taxpayers have a £1,000 tax-free allowance on savings interest.
Chancellor Rachel Reeves confirms fuel duty freeze until December 31. Full list of 16 rates from HMRC, including petrol, diesel, and rebated fuels.
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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RecommendedChancellor Rachel Reeves confirms vehicle tax bands for cars made between 2001 and 2017, with some owners facing bills up to £790 annually based on emissions.
Chancellor Rachel Reeves has launched the Crisis and Resilience Fund (CRF) offering £200 grants to households struggling with bills. Apply via local councils.
A mortgage broker reveals that even small regular overpayments can save homeowners thousands in interest and shorten their mortgage term significantly.
Rachel Reeves faces pressure to abandon a pay-per-mile car tax that would charge EV drivers £240 annually for 8,000 miles, with experts warning it could delay EV uptake.
Ofgem is updating how it calculates the typical household energy bill, reducing the October estimate by £190 due to lower consumption assumptions.
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Experts warn holidaymakers about last-minute spending traps that can blow budgets. Tips include the 24-hour rule, borrowing essentials, and using cash to curb impulse buys.
Only 42% of adults understand pension options. Expert warns of £3,000 HMRC tax alert. From April 2027, pensions face inheritance tax. Gifting and planning key.
UK households have 24 days to save £221 before the energy price cap rises by 13% on July 1. Uswitch warns standard tariff customers to switch now.
Nationwide Building Society is surprising over 4 million members with a £100 Fairer Share payment, starting Wednesday. The bonus marks the fourth consecutive year of the payout, totaling over £1.5 billion since 2023.
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