HMRC Sends 4 Million Tax Refund Letters Averaging £473
HMRC is sending 4 million tax refund letters from June to August, with an average payout of £473. Last year, nearly 1 million people failed to claim owed money.
HMRC is sending 4 million tax refund letters from June to August, with an average payout of £473. Last year, nearly 1 million people failed to claim owed money.
Electric vehicle owners with larger or more complex batteries may see insurance premiums rise due to higher repair costs and risk factors, experts warn.
Rachel Reeves plans a 22% tax on cash interest in stocks and shares ISAs from April 2027, impacting retirees. Critics warn of complexity and unfairness.
Nationwide will deposit £100 into accounts of 4 million eligible customers from June 10, 2026, as part of its Fairer Share payout scheme. Payments continue until June 30.
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RecommendedSantander issues £630 alert for customers watching all eight World Cup games, with spending on eating out, takeaways, taxis, and fuel adding up quickly.
Nationwide reintroduces the £100 Fairer Share scheme for 2026. Customers must opt out by June 8. Payments from June 10 to 30. Over 4 million members qualify.
Barclays recommends the £5 savings challenge to help people save money quickly. Set aside £5 for every purchase over £20 to build savings fast.
Running out of money in retirement can be daunting, but there are options like State Pension, Pension Credit, Housing Benefit, and more to help you manage.
Lloyds Banking Group issues a compensation update after an outage affected Lloyds, Halifax, and Bank of Scotland customers in Birmingham and across the UK.
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RecommendedEnergy customers can claim up to £200 back from suppliers like British Gas, Octopus, and Eon. Experts say now is the perfect time to check your credit balance.
Learn which debts to prioritize: priority debts like mortgage, council tax, and utilities, plus avalanche and snowball methods for non-priority debts.
Nine state pension rates change this June following April's uprating. The triple lock ensures increases based on earnings, inflation, or 2.5%. New and basic rates rise 4.8%, while other elements increase 3.8%.
Debbie Abrahams warns that the state pension alone leaves millions aged 66-75 with a £2,000 annual shortfall, urging government action.
HMRC has raised £13 million by threatening to raid bank accounts under new direct recovery powers, seizing cash from those owing under £1,000.
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RecommendedDiscover how much emergency savings you actually need, where to keep it, and tips to build your fund quickly with expert advice and ISAs.
Most Brits are not saving enough for retirement. Learn the recommended pension pot sizes by age 30, 40, 50, and 60 according to Pension UK's guidelines.
From April 2027, unused pension funds will be included in estates for inheritance tax, potentially reducing what families inherit. Experts advise reviewing plans.
Nationwide Building Society has announced plans to reward members with exclusive deals, including potential ISA offers, following customer inquiries about its Member Exclusive Online Bond.
Nationwide has announced its Fairer Share scheme will pay £100 to over 4 million eligible customers automatically between June 10 and 30, 2026.
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RecommendedNew data reveals state pensioners need an extra £32,800 for a comfortable retirement, with only 9% on track. Experts warn of a pension 'cliff edge'.
The DWP warns over 55s as state pension age rises from 66 to 67. Many are accessing private pensions early to adjust work hours before retirement.
A planned Treasury shake-up of financial services rules could weaken consumer protections, leaving vulnerable customers without compensation when wronged by banks.
Labour's plan to ban zero-hours contracts with a guaranteed 8-20 hour week faces criticism from unions and employers, affecting over 1 million workers.
The BBC TV licence may increase from £180 to £191 for some households due to inflation from the US-Israeli conflict with Iran, making it the second most expensive in Europe.
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RecommendedMillions of M&S Bank customers are being transferred to HSBC from June 1. Accounts, direct debits, and card numbers remain unchanged. Savings and ISAs now held with HSBC.
HMRC confirms it will issue tax calculations from June after reviewing records. Taxpayers may receive refunds or owe extra tax via P800 letters.
NS&I announces over £376 million in tax-free prizes for June 2026, with two £1 million jackpot winners from Leeds and Cheshire & West Chester.
NS&I confirms Premium Bonds prize fund rate will increase to 3.80% for July 2026 draw, with odds improving to 22,000 to 1, adding £60 million to prize pot.
Petrol drivers in the UK face paying £123 in June as average petrol prices rise to 159.48p per litre, driven by Middle East conflict and fuel duty policies.
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RecommendedThe CMA confirms petrol drivers in England can save £9 per tank using the Fuel Finder tool, as retail margins remain high despite no evidence of price manipulation from the Iran conflict.