Category : Search result: savings interest allowance


UK households miss out on £4,200 in bank interest

Millions of UK households are losing thousands in potential interest by keeping large sums in zero-interest current accounts. Discover how much you could be missing and the simple switch to make your money work harder.

NS&I rate cut sparks urgent warning to savers

Following NS&I's latest rate reduction, finance expert Kevin Mountford urges savers to shop around for better deals. Discover top fixed and easy-access alternatives available now.

Nationwide £100 bonus taxed as interest by HMRC

Nationwide Building Society confirms it must report customer details to HMRC over its £100 Fairer Share Payment, classified as interest for tax. Find out what it means for you.

Barclays cuts savings rates on popular accounts

Barclays Bank is reducing interest rates on four of its most popular savings products, including the Rainy Day Saver, in a blow to millions of UK customers. Find out the new rates and effective dates.

Record £5.1bn ISA rush before allowance cut

UK savers deposited a record £5.1bn into Cash ISAs fearing a Budget cut. The new £12,000 cap from 2027 impacts affluent savers. Learn how to protect your savings.

HMRC Rule Can Increase Tax-Free Allowance to £13,830

A legitimate HMRC rule allows married couples to transfer part of their Personal Allowance, potentially boosting one partner's tax-free limit to £13,830 and saving up to £1,258. Act before the April 5 deadline.

HMRC letters for savers with over £3,500

Nearly 900,000 UK savers may receive letters from HMRC to check tax on savings interest. Experts explain your obligations and what to do if contacted.

Savers warned of £8,000 ISA allowance cut

Experts warn of 'unnecessary tax' as the cash ISA limit drops to £12,000 in 2027. Learn how to protect your savings and maximise your personal savings allowance.

Big Bank Savers Urged to Move Money for Better Rates

Money experts warn savers with major high street banks like Nationwide, Lloyds, and NatWest could be missing out on far better interest rates offered by online providers. Discover the top accounts now.

NatWest cuts savings rates from January 19

NatWest is reducing interest rates on multiple savings accounts from January 19, following the Bank of England's base rate cut. Savers are urged to review their options.

NatWest's £780 Savings Challenge for 2026

NatWest urges UK households to save £780 in 2026 with a monthly savings challenge. Martin Lewis' team also offers a 1p-a-day plan to save nearly £668. Start your financial year right.

NatWest cuts interest rates for UK customers

NatWest informs customers of reduced savings interest rates, effective 19 January. The move follows the Bank of England's base rate decision. Learn what it means for your money.

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