HMRC's Tax Payment Shock: £449 Bill After Delay
A taxpayer's ordeal reveals HMRC's contradictory advice on capital gains tax payments, leading to unexpected interest charges and a lengthy complaint process.
Category : Finance Banking
HSBC Increases Mortgage Rates Following Market Moves
HSBC has raised selected residential mortgage rates by up to 0.10%, following similar moves by Nationwide and Virgin Money. Experts warn first-time buyers to budget for hidden costs.
Making Tax Digital Costs Taxpayers £850 Million
HMRC's Making Tax Digital programme has cost UK taxpayers nearly £850 million since 2015, with annual costs exceeding £120 million and forecasts predicting a rise beyond £1.3 billion.
GAMCO Nominates David Schachter to Saba Fund Boards
GAMCO Investors proposes David Schachter for Saba Capital Management fund boards to address trading discounts and enhance investor protection.
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Santander's 98% Mortgage for First-Time Buyers
Santander introduces My First Mortgage, a 5-year fixed-rate product requiring just a 2% deposit, aiming to make homeownership more accessible amid rising property prices.
Santander's 'Complicated' Investment Announcement to Customers
High street bank Santander emails customers about investing, acknowledging it can seem 'complicated' and 'daunting' while promoting its ready-made investment funds.
Nationwide and Virgin Mortgage Rates Rise Up to 0.19%
Nationwide Building Society increases selected fixed mortgage rates by up to 0.19%, with Virgin Money following suit, signalling an end to January's competitive pricing period as experts warn borrowers.
HMRC Errors Cost Taxpayers £450 Monthly
UK taxpayers are reporting severe financial strain due to HMRC misidentification errors, with one individual facing £450 monthly extra charges after being incorrectly linked to another's employment.
HMRC 'Destroying Businesses' After Two-Year Taxpayer Ordeal
A London sole trader claims HMRC's prolonged investigation and administrative failures are threatening her livelihood and family finances, with pleas ignored for years.
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DWP Pension Deferral Offers £2,400 Annual Boost for Some
Retirees born before 1959 could increase their state pension by up to £2,400 yearly by deferring claims, with new data revealing thousands are using this strategy.
Nationwide and Virgin Money Increase Mortgage Rates
Nationwide and Virgin Money have raised selected fixed mortgage rates by up to 0.19% and 0.14% respectively, with brokers warning the path to lower rates may be longer than expected.
Pensioners Get £241 Tax Bills Despite Government Promise
State pensioners are receiving unexpected £241 tax demands from HMRC, contradicting government assurances that those with only state pension income wouldn't pay tax during this parliament.
Record £57bn Deposited in Cash ISAs Before Allowance Cut
UK households deposited a record £57 billion into cash ISAs in 2025, rushing to lock in tax-free savings before the annual allowance is reduced from £20,000 to £12,000 in April 2027.
Pension Mistakes That Could Cost You £40,000
Over 10 million UK adults neglect pension planning, risking £40,000 losses through poor fund choices, early withdrawals, and upcoming inheritance tax changes.
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HMRC Warns 3.3 Million to File Tax Returns Now
HMRC has issued an urgent warning to 3.3 million taxpayers who missed the January 31 self-assessment deadline, urging immediate action to avoid escalating penalties and fines.
Jackery Power Station £450 Cheaper on Amazon
Amazon has significantly reduced the price of Jackery's Explorer 1000 V2 portable power station to under £500, offering substantial savings for outdoor enthusiasts ahead of spring.
State Pension Rise: £575 for Some, £440 for Others
Chancellor Rachel Reeves confirms state pension increases for 2026/27, with a £575 rise for the new full pension and £440 for the basic pension, highlighting the growing gap under the triple lock system.
Premium Bonds: Check Accounts for February Winners
NS&I announces two £1 million Premium Bonds winners from Central Bedfordshire and Liverpool. Bondholders urged to check accounts on Tuesday for prizes up to £100,000.
Big Five Banks' Low Rates Push Customers to Switch
Totally Money research reveals Barclays, NatWest, HSBC, Lloyds, and Santander offer average savings rates of just 1.29%, urging customers to consider switching for better returns.
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Betfred Founders Top UK Taxpayer List
Billionaire brothers Fred and Peter Done lead the Sunday Times Tax List for the first time, with Harry Styles and Premier League footballers also featuring among the UK's 100 biggest taxpayers.
Claim £1,756 Pension Tax Relief from HMRC
HMRC urges those earning over £50,270 to claim pension tax relief, as higher-rate taxpayers missed out on £1,756 average last year.
Nine February Money Changes for UK Households
A comprehensive overview of nine significant financial changes affecting UK households in February 2026, including alcohol duty rises, banking fee increases, and smart meter compensation schemes.
February 2026 Money Changes: What You Need to Know
Discover the significant financial adjustments arriving in February 2026, from alcohol duty hikes and tax fines to interest rate decisions and mobile bill increases, affecting UK households.
HSBC Extends Branch Promise to 2027 with Major Investment
HSBC UK has guaranteed its 327 branches will remain open until at least 2027, while increasing network investment by 30% to £55.8 million next year for refurbishments.
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Lloyds Banking Group Closes 19 Branches in February
Lloyds Banking Group announces the closure of 19 high street branches across Lloyds Bank, Halifax, and Bank of Scotland in February 2026, citing a shift to mobile banking.
Instant Shopping's 'Gratification Gap' Harms Brain and Finances
Digital marketing exploits our brain chemistry for impulse purchases, creating a psychological 'gratification gap' that erodes patience and financial security. Experts reveal five strategies to retrain your brain and regain control.
UK Households Lose £7bn in Sleep to Inflation
Analysis reveals UK households lost nearly £7 billion in purchasing power while sleeping as savings interest rates lag behind 3.4% inflation, eroding hard-earned cash.
Martin Lewis Advice on Missed HMRC Tax Deadline
Money expert Martin Lewis provides crucial guidance for those who missed the January 31 Self Assessment deadline, explaining penalties and how to minimise costs.
Nationwide Closing Inactive Accounts, Money to Charity
Nationwide Building Society announces closure of unused accounts after 15 years, with funds transferred to community charities via the Dormant Account Scheme.
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Lloyds Bank to Close 40 UK Branches in 2026
Lloyds Banking Group will close 40 branches across the UK in 2026, citing increased customer preference for online and app banking over in-person services.
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