HMRC Confirms 25p Per Mile Rule for High Mileage Drivers
HMRC confirms a 25p per mile rate for drivers exceeding 10,000 business miles annually, allowing tax relief on vehicle costs. Rules apply to cars, vans, motorcycles, and bicycles.
Category : Finance Banking
Plan to Axe State Pension Triple Lock for New System
A think tank proposes replacing the state pension triple lock with a new system, claiming it could save £38bn by 2045. Critics warn it may increase pensioner poverty.
Arrests in Crackdown on Illegal Vapes and Tobacco
West Midlands Police arrest three men and seize counterfeit tobacco and illegal vapes from high street stores, targeting organised crime links.
HMRC Confirms £33 Charge for State Pensioners
HMRC will increase a tax charge for state pensioners receiving Winter Fuel Payment to £33 from 2027, clawing back the benefit if income exceeds £35,000.
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UK Bank Customers Warned: Secure Mortgage Rates in 3 Days
Nationwide, Santander, NatWest, and Virgin customers have a three-day window to secure mortgage rates before potential hikes due to rising swap rates.
UK Petrol Stations Rule Change Could Save Drivers £50
A potential rule change at UK petrol stations could save drivers £50 annually. FairFuelUK founder Howard Cox urges Chancellor Reeves to scrap fuel duty hike plans.
Lloyds Bank Urges Use of Savings Calculator Tool
Lloyds Bank advises customers to use its savings calculator to plan financial goals, while also addressing customer complaints about statement generation delays.
Rachel Reeves Confirms £170 Tax for Older Cars
Rachel Reeves confirms a £170 vehicle tax for cars made before 2017. New bands for 2026/27 affect millions, with emissions-based charges and changes for low-emission vehicles.
Rachel Reeves Freezes Fuel Duty in Cost-of-Living U-Turn
Chancellor Rachel Reeves is expected to scrap a planned 5p fuel duty rise amid cost-of-living pressures from the Iran war and poor Labour local election results.
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HMRC Confirms 45p Per Mile Rule for Drivers Under 10,000 Miles
HMRC has confirmed a 45p per mile tax relief for drivers using their own vehicles for business trips under 10,000 miles annually. Claims can be made for current and past four tax years.
ISA Hack Lets Parents Boost Limit to £29,000
Parents can legally add £9,000 to the £20,000 ISA limit when a child turns 18, using a stacking loophole between Junior and adult ISAs.
HMRC Confirms New VAT Fuel Scale Charges from May 2026
HMRC has announced new VAT road fuel scale charges effective from 1 May 2026 to 30 April 2027, impacting businesses accounting for private fuel use.
HMRC Tax-Free Allowance Increase Gives Couples £252
HMRC's Marriage Allowance increase lets couples transfer £1,260 of Personal Allowance, saving up to £252 in tax. Eligibility and calculation details inside.
HMRC to Issue £9,400 Tax Bills After Cash ISA Change
A cut to the Cash ISA allowance could lead to tax bills of up to £9,400 over 10 years for additional-rate taxpayers, warns AJ Bell.
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HMRC £29,000 Tax-Free Allowance for UK Households
UK households with children born in certain years can access £29,000 in tax-free ISA allowances. Financial expert Antonia Medlicott explains how to maximise savings.
Barclays Update for 2026 Holidaymakers
Barclays issues an update for customers with holidays booked in 2026, revealing research that holidaymakers seek more control through rewards, planning, and AI.
Nationwide Updates Credit Card Payment Rules
Nationwide Building Society clarifies credit card payment rules after customer query. The mutual explains pending transactions and payment timing to protect credit scores.
HMRC Warns £60k-£80k Earners on Child Benefit Repayment
HMRC sends urgent message to people earning between £60,000 and £80,000, warning they may have to repay some or all of their Child Benefit due to the High Income Child Benefit Charge.
Iran War Could Cost UK Savers £275
Analysis shows the Iran war may cost savers £275 in real terms, as rising interest rates fail to offset higher inflation.
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Halifax Issues Credit Card Refund Update to Customers
Halifax has issued a key update on credit card refunds, explaining how credit balances are handled and how customers can request refunds via the app or online banking.
UK Savers Urged to Act or Risk Losing £1,861
UK households are warned that failing to shop around for the best Cash ISA could cost them £1,861 over five years, as the allowance drops to £12,000 in April 2027.
HMRC Updates Taxpayers on Refund Processing Times
HMRC has issued an update on refund processing times, advising taxpayers that requests can take up to 14 weeks. Check your details to avoid overpaying tax.
DWP Pays Universal Credit Claimants £424 Early in May
The DWP will pay Universal Credit claimants £424 early in May, three days before the bank holiday, with standard allowance rising to £424.90 from April.
Nationwide pays £450 interest on new 4.5% Cash ISA
Nationwide launches new savings accounts with competitive rates, including a 1 Year Fixed Rate Cash ISA at 4.50%, potentially earning £450 on £10,000.
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Teen driver who killed friend in crash gets four years
Joe McAldon, 18, passed his driving test just six days before crashing a Vauxhall Corsa into a wall, killing passenger Max Greenhouse, 17, and injuring two others.
Brits Sleepwalking into Estate Planning Tax Mistakes
Millions of Brits are unaware of costly estate planning mistakes that could lead to tax bills. Experts warn of common misconceptions and looming inheritance tax changes.
Martin Lewis: £2,000 Unclaimed for Those Born 2002-2011
Martin Lewis reveals that people born between 2002 and 2011 could have unclaimed Child Trust Funds averaging £2,000. Use the free GOV.UK tool to find yours.
Iran war surcharge adds £70 to UK gas bottle costs
Calor introduces a 3.4p per litre volatility surcharge from May 18 due to Iran war, adding £70 to typical LPG bills. Uswitch warns 63% of standard tariff homes unaware of July price cap rise.
HMRC Hits 2.6M Savers with £2,300 Average Tax Bill
HMRC is taxing over 2.6 million savers an average of £2,300 each in 2025/26, up from 647,000 in 2021/22, as interest rates rise and tax bands freeze.
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DWP Sets Bank Account Check Rules for Three Benefits
The DWP has published a new Code of Practice on Eligibility Verification Notices for bank account checks targeting Universal Credit, State Pension Credit, and Employment and Support Allowance to combat fraud.
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