Premium Bonds Warning: Modest Savers Urged to Close Accounts
Finance experts warn NS&I Premium Bonds customers with modest holdings to move their money as prize rates plunge, making alternative savings more attractive.
Finance experts warn NS&I Premium Bonds customers with modest holdings to move their money as prize rates plunge, making alternative savings more attractive.
With the tax year ending on April 5, UK households are warned to utilize their ISA allowance or forfeit it. Experts emphasize tax-free growth benefits over traditional savings accounts.
The People's Postcode Lottery has raised its monthly ticket price from £12.25 to £12.50, drawing sharp criticism from participants who call it a waste of money and express disappointment over the change.
Lloyds Bank has made a significant announcement affecting its 28 million UK customers, appointing Trusha Pillay as Managing Director to strengthen its Infrastructure and Project Finance division.
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RecommendedHSBC, NatWest, Barclays, and Nationwide have raised mortgage rates as Middle East tensions fuel inflation fears and swap rate increases, impacting borrowers.
Over 12 million UK PlayStation users could be owed up to £162 each in a £2 billion legal claim alleging Sony overcharged for digital games and add-ons. The trial began in March, with a ruling expected within six months after it concludes in mid-May.
Chancellor Rachel Reeves' promised £150 energy bill cut faces uncertainty due to the Iran war, with analysts predicting a 10% price cap rise adding £160 to annual bills.
Halifax is increasing mortgage rates on all its fixed and tracker products from March 10, citing geopolitical tensions and market volatility. Other lenders are also adjusting rates or withdrawing products.
One million Brits missed the January tax return deadline, risking over £1 billion in combined penalties. Experts warn daily charges and interest can quickly escalate costs.
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RecommendedFinancial experts warn that ongoing Middle East tensions are creating market volatility that directly impacts UK pension funds, with advice on how savers should respond.
Chancellor Rachel Reeves announces cash ISA allowance cut from £20,000 to £12,000 for under-65s starting April 2027, with exemptions for those born before 1962.
Martin Lewis warns people aged 40-73 to verify a critical pension detail by April 5, as missing National Insurance years could cost over £10,000. The Money Saving Expert highlights child benefit claims and voluntary contributions.
British Gas, Octopus, EDF, and E.ON will launch a year-long pilot in April, potentially eliminating standing charges for up to 150,000 households, with tariffs cutting at least £150 annually.
Brent crude surged over 25% to $118 per barrel as Middle East conflict disrupts oil infrastructure and Strait of Hormuz traffic, with Goldman Sachs warning prices could exceed $150.
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RecommendedOctopus Energy warns UK households of potential £200 price hikes due to Middle East conflict disrupting global oil and gas supplies, with advice on fixed tariffs.
Digital bank Monzo has been criticized for using 'humiliating' language in its year-end reviews, with one customer distressed by comments about her Just Eat spending. The bank apologizes and notes the feature is optional.
A new HMRC rule called Making Tax Digital is set to transform self-assessment tax returns with quarterly updates, despite Lord Mackinlay's decade-long efforts to stop it, calling it 'far worse' than feared.
HMRC is sending mandation letters to thousands of self-employed workers and property owners across the UK, warning them of new Making Tax Digital requirements starting April 2026.
Over 800,000 landlords and self-employed individuals face an imminent deadline to register for HMRC's Making Tax Digital system, with only 5% signed up so far, raising concerns about compliance and administrative burdens.
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RecommendedLloyds Bank, Halifax, and MBNA will raise credit card interest rates for thousands of customers starting in May, with increases of up to 4.5% annually.
UK households with smart meters will receive automatic £40 compensation for installation delays or unresolved faults under new Ofgem rules targeting poor supplier performance.
Households can increase their tax-free personal allowance to £20,070 by using the HMRC rent-a-room scheme, which allows £7,500 tax-free income from letting a spare bedroom, countering fiscal drag effects.
Chancellor Rachel Reeves' Autumn Budget expands inheritance tax to include pensions from April 2027, potentially affecting millions of UK households with unexpectedly large tax liabilities.
A major UK energy firm faces backlash after a grieving family detailed a four-month bureaucratic nightmare trying to switch solar panel payments following a father's death.
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RecommendedNationwide Building Society is expected to distribute £100 Fairer Share payments to millions of eligible members in June 2026, pending financial performance confirmation in May.
Data from Money Supermarket shows car insurance premiums surge by £157 for drivers aged 80-89 compared to those 70-79, with average costs detailed across age groups.
UK households are reporting unexpected credit rating declines after paying off their mortgages, raising concerns about how lenders assess financial health.
A mother-of-two faces an £11,000 bill after her insurer refused full payment due to a bedroom count error, highlighting widespread underinsurance risks.
A legal victory in Buckinghamshire shows how a 'towpath loophole' can classify properties as mixed-use, significantly reducing stamp duty bills for UK homeowners.
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RecommendedNationwide Building Society introduces new savings accounts offering 4% interest, potentially giving customers an extra £400 annually on £10,000 deposits, alongside enhanced fixed-rate ISA options.