Category : Finance Banking


HMRC Tax Software Glitch: 20% Overcharge on Dividends

UK taxpayers are reporting a critical error in HMRC's 2024-25 tax calculation software, with basic-rate dividend income taxed at 20% instead of 8.75%. Despite repeated complaints, HMRC's helpline delays and lack of response leave households frustrated and

UK Workers Could Claim Up to £2,971 from HMRC

Employees are urged to check for reimbursable expenses like mileage, professional fees, and unpaid leave, with potential claims adding up to £2,971 over several years if left unchecked.

Lloyds Bank £83 Service Charge: Customers Can Get Refund

Lloyds Bank customers have reported a frustrating £83 service charge, prompting the bank to respond on social media. The bank explains fees vary by account type and usage, and advises affected customers to contact them directly for potential refunds.

AstroAI Tyre Inflator Drops to Under £16 on Amazon

The best-selling AstroAI digital tyre inflator is now available for just £15.98 on Amazon with a 20% discount. This portable air compressor runs via car cigarette lighter and includes accessories for various inflatables.

HMRC: £1,000 Online Sales Rule Could Trigger Criminal Probes

UK households selling items on platforms like Vinted and eBay must declare earnings over £1,000 annually to HMRC or risk criminal investigation, experts warn. New data-sharing agreements mean tax authorities now monitor high-volume sellers closely.

HMRC Tax-Free Allowance Increased to £20,070

The HMRC has increased the tax-free personal allowance to £20,070 for some individuals. Additionally, the Rent a Room scheme allows up to £7,500 in annual rental income tax-free, with specific conditions for joint lettings and property types.

Savings Alert: More Accounts, Lower Rates

A surge in savings deals to record highs contrasts sharply with declining average interest rates, prompting financial experts to warn savers against complacency and inflation erosion.

Lloyds Bank to Close 14 UK Branches in March

Lloyds Bank will shut 14 branches across the UK in March 2026, continuing the trend of banks leaving high streets. The closures will leave 610 branches remaining, with alternatives like online banking offered.

Boost Pension by £37,000: Avoid 5 Common Mistakes

Consumer group Which? reveals how avoiding five common pension errors could increase your retirement savings by £37,000. Learn about delaying planning, cutting contributions, and losing track of old pots.

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