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.
Category : Finance Banking
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.
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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%.
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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.
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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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HMRC £18,000 Tax-Free Allowance Update Petition Grows
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.
DVLA Car Tax Warning: EV Owners Face Costly Mistake
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 Tax Change: Thousands Lose £890 a Year
Rachel Reeves confirms a tax change affecting pension savers, with higher earners facing an average loss of £890 per year from 2029-30.
NS&I Boosts Premium Bonds Prizes by Over 322,000
NS&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 Premium Bonds: Three-Month Rule Could Cost You Prizes
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.
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Santander Confirms 60-Day Rule for £180 Payout
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 to Pay £100 Bonus to Eligible Savers in June
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 £200 Tax Charge for Child Benefit Households
HMRC confirms a £200 tax charge rule for UK households receiving Child Benefit, with repayments starting at £60,000 income threshold.
HMRC Issues Stark Warning to Landlords on Tax Schemes
HMRC warns landlords against hybrid property schemes promising tax savings, calling them a major red flag. Landlords urged to pay correct tax or face penalties.
12 Million State Pensioners Face Poverty Risk
A new report warns that 12.2 million UK adults may not cover basic financial needs in retirement, highlighting pension poverty risks.
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Barclays Debit Card Expiry: Key Dates and Tips
Barclays explains debit card expiry timings: new cards sent 5 weeks before expiration, arrive within 7 days. Also warns about ticket scams this summer.
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