Martin Lewis: Fix energy bills now to avoid £221 rise
Martin Lewis urges Brits to fix energy tariffs before July 1 to avoid a £221 price cap rise. Fixed rates can be up to 14% cheaper than the new cap.
Category : Finance Banking
DWP Confirms Bumper Universal Credit Payments in June
DWP confirms bumper Universal Credit payments for families with more than two kids in June, following scrapping of two-child benefit cap. Parents with four kids get £608 extra monthly.
Rachel Reeves Plans 22% Charge on Cash ISA Interest
Chancellor Rachel Reeves is reportedly planning a 22% tax on interest from cash held in stocks and shares ISAs, as part of major ISA reforms from April 2027.
Tougher Drink-Drive Rules to Ban More Drivers from Roads
DVLA will cancel licences as new drink-drive limits cut alcohol threshold from 35 to 22 micrograms. One pint could breach limit under government road safety strategy.
Rachel Reeves Scraps Free Car Tax for Pre-2017 Low-Emission Cars
Chancellor Rachel Reeves has abolished the zero-rate vehicle tax band for low-emission cars made before 2017, meaning owners now face a £20 annual charge. The move continues a trend of ending tax perks for low-emission vehicles.
Food Prices Likely to Stay High Long After Crises Ease
New analysis shows food prices rise rapidly but fall slowly, leaving families with persistently higher bills. Only 7% of the increase fades after two years.
New Summer Cost-of-Living Payments Confirmed by Reeves
Chancellor Rachel Reeves announces the Crisis and Resilience Fund, replacing the Household Support Fund, offering cash grants to struggling families via local councils.
HMRC P60 Deadline May 31: Employers Risk Fines for Late Filing
The P60 deadline is May 31. Employers who miss it face HMRC fines and potential trust issues with employees. Learn what the P60 is and why it matters.
HMRC Inheritance Tax Rule Could Save Families £16,000
Families are urged to use tax-free gifting allowances to save up to £16,000 on inheritance tax, as IHT revenue rises to £8.4bn.
Martin Lewis: Challenge Energy Direct Debit Overpayments
Martin Lewis warns that May is the best time to check energy direct debit credit balances. Experts advise challenging suppliers if you're overpaying.
Barclays £200 Switching Bonus: Eligibility and Key Deadlines
Barclays offers £200 to customers switching current accounts. Must switch by May 28, meet criteria including £2,000 deposit and two direct debits. Full details inside.
Energy Bills May Rise £75 to Cover Mounting Household Debt
EDF warns that rising energy debt, set to exceed £7bn next year, could force paying customers to see bills increase by up to £75 annually.
Nationwide Increases Bonus to £275 for Eligible Customers
Nationwide raises its £100 Fairer Share Payment to £275 for some customers, including a new 5% bond and switching incentive, benefiting 4.4 million members.
DWP Sending £740 to Older State Pensioners' Bank Accounts
The DWP will deposit £739.60 into bank accounts of older state pensioners born before 1951, following an April increase. Payments are made every 4 weeks.
Pensioners to Lose £200 Winter Fuel Allowance Over £35k Income
State pensioners earning over £35,000 will have their £200 Winter Fuel Allowance clawed back via the tax system, Martin Lewis warns. Scammers target pensioners with fake texts.
Premium Bonds Rate Rises to 3.80% in July 2026
Over 22 million Premium Bonds holders will see the prize fund rate increase to 3.80% from July 2026, with odds improving to 22,000 to 1. Experts warn savers not to assume rates will stay the same.
Vodafone: UK Families Can Save £3,550 with One Rule
Vodafone urges UK households to save £3,550 by coordinating spending across mobile, insurance, groceries, and subscriptions using multi-plan family deals.
Energy Bills Set to Rise by £208 from July
Millions of UK households face a £208 annual energy bill increase from July as the price cap rises. Chancellor Rachel Reeves warns of similar levels to April 2025.
Nationwide Fairer Share £100 Payment May Be Reduced
Nationwide's £100 Fairer Share payment, totaling £440m, will be paid from June 10 to eligible members. However, it is treated as interest for tax purposes, meaning recipients may receive less than £100 after tax.
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%.
Premium Bonds Opportunity Cost Warning: £9,710 Loss
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.
Time Running Out for £1,000 Government LISA Bonus
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.
UK Petrol and Diesel Car Ban May Change After EU U-Turn
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.
First Direct Offers £200 Switching Bonus Until July 15
First 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.
Rachel Reeves Confirms Major Cash ISA Rule Change
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.
Cash ISA warning: Savers face huge tax charge under 2027
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 to Claw Back £1,406 Child Benefit from High Earners
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 Offers £210 Boost for Simple Bank Switch
Santander is offering new customers a £210 boost, including £180 cash and a £30 Amazon voucher, for switching accounts and completing simple tasks.
HMRC Confirms £200 Tax Charge for State Pensioners Under 80
HMRC 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.
Cash ISA Limit Cut to £12,000: Savers Warned Not to Lose Out
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.
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