UK Energy Bills Set to Rise £209 from July
Ofgem to announce energy price cap increase of £209 to £1,850 from July due to Iran war. Households face painful winter as costs rise 13%.
Ofgem to announce energy price cap increase of £209 to £1,850 from July due to Iran war. Households face painful winter as costs rise 13%.
Fidelity International warns NS&I Premium Bonds holders of significant opportunity cost, with £5,000 in bonds growing to £6,190 over 10 years vs £15,900 in a global tracker fund.
Consumer watchdog Which? warns the Lifetime ISA will close to new applicants from April 2028, ending the 25% government bonus of up to £1,000 annually. Savers urged to act before deadline.
The UK's planned ban on new petrol and diesel cars could be reversed after the EU softened its stance, with experts warning of economic fallout and industry pressure.
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RecommendedFirst Direct increases its current account switching incentive to £200 for a limited time. New customers must open an account by July 15 and complete the CASS switch to qualify.
Chancellor Rachel Reeves announces cash ISA annual limit cut from £20,000 to £12,000 for under-65s, effective April 2027. Stocks and shares ISA allowance remains.
Savers could face a 22% tax charge on cash held in stocks and shares ISAs from April 2027, as Chancellor Rachel Reeves reforms ISA rules to encourage investment.
HMRC warns thousands of UK households that the High Income Child Benefit Charge will claw back up to £1,406 if income exceeds £60,000.
Santander is offering new customers a £210 boost, including £180 cash and a £30 Amazon voucher, for switching accounts and completing simple tasks.
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RecommendedHMRC has confirmed a £200 tax charge for state pensioners under 80, with monthly clawbacks of £17 starting in 2026-27. Deductions will temporarily rise to £33 in 2027-28 before falling back.
Chancellor Rachel Reeves announces cash ISA limit cut from £20,000 to £12,000 for under-65s from April 2027. Experts urge savers to use the higher allowance before it drops.
HM Treasury responds to a petition calling for an increase in the personal tax-free allowance to £18,000, citing fiscal cost of over £40 billion per year.
The DVLA warns electric vehicle buyers to check list prices carefully or face £2,200 extra in car tax over five years due to the expensive car supplement.
Rachel Reeves confirms a tax change affecting pension savers, with higher earners facing an average loss of £890 per year from 2029-30.
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RecommendedNS&I announces improved Premium Bonds odds from July, adding over 322,000 prizes and increasing the monthly prize pot by £60 million. Experts call it welcome news.
NS&I warns Premium Bonds holders of a three-month expiry rule on cheque prizes. Unclaimed cheques must be cashed in within three months or replaced.
Santander confirms a 60-day rule for customers receiving a £180 switch incentive. Eligible customers must complete the switch within 60 days and meet criteria including Direct Debits and a £1,500 deposit.
Nationwide announces return of Fairer Share payout scheme. Customers with savings accounts holding at least £100 in March and a current account qualify for £100 bonus between June 10-30.
HMRC confirms a £200 tax charge rule for UK households receiving Child Benefit, with repayments starting at £60,000 income threshold.
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RecommendedHMRC warns landlords against hybrid property schemes promising tax savings, calling them a major red flag. Landlords urged to pay correct tax or face penalties.
A new report warns that 12.2 million UK adults may not cover basic financial needs in retirement, highlighting pension poverty risks.
Barclays explains debit card expiry timings: new cards sent 5 weeks before expiration, arrive within 7 days. Also warns about ticket scams this summer.
Nearly half of UK adults are not confident the six-month deadline for paying inheritance tax on unused pension funds will be long enough, posing one of the biggest challenges.
HMRC urges UK taxpayers to act this May to avoid daily penalties of £10, capped at £900, for late Self-Assessment tax returns. Additional fines may follow.
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RecommendedChancellor Rachel Reeves introduces a £20 vehicle tax for older low-emission cars previously in Band A. Owners of pre-2017 cars with emissions under 100g/km now face charges.
Chancellor Rachel Reeves has confirmed a new pay-per-mile tax for certain drivers. EV owners will pay 3p per mile, meaning 10,000 miles costs £300. The tax starts April 2028.
DWP confirms £304 monthly boost for families via Universal Credit child element after scrapping two-child limit from April 2026. Eligible households get automatic increase.
Nationwide members eligible for a £100 Fairer Share Payment must contact the building society by June 8 if they wish to opt out. The payment will arrive by June 30.
Barclays and First Direct are offering switching bonuses of up to £250. Moneyfacts highlights top deals in savings, mortgages, and current accounts this week.
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RecommendedAmazon slashes price on Costway portable air conditioner by 40%. Stay cool with 7000 BTU unit ideal for rooms up to 200 sq ft. Limited time offer.