HMRC Raises Tax-Free Allowance to £13,830 for Some
The Personal Tax-Free Allowance has been increased by £1,250 for households earning under £50,000, with the Marriage Allowance enabling tax savings of up to £252.
The Personal Tax-Free Allowance has been increased by £1,250 for households earning under £50,000, with the Marriage Allowance enabling tax savings of up to £252.
UK drivers are advised that Costco consistently offers the lowest fuel prices, undercutting major supermarkets like Tesco and Asda, with diesel 13p per litre cheaper than BP's national average.
Major energy suppliers including British Gas, EDF, EON, Ovo, and Octopus must pay £40 automatically if they fail to meet new service standards for smart meter installations starting Monday.
UK households earning under £18,570 annually from combined income and savings may qualify for tax-free interest on all savings, with experts explaining complex allowances.
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RecommendedNew research from Confused.com reveals that adding a spouse or partner to your car insurance can save drivers an average of £315 annually. Experts explain how sharing the driving risk leads to lower premiums.
HMRC is contacting nearly 900,000 individuals with savings over £3,500 as part of a review into untaxed interest. Personal finance experts explain the Personal Savings Allowance rules and what recipients should do if they receive a letter.
MoneySavingExpert founder Martin Lewis has issued a stark warning to UK households about unsolicited calls falsely using his name to promote renewable energy grants, labeling them as scams.
NatWest has awarded £175 switching bonuses to 8,800 customers in late 2025, while Nationwide gained 42,000 switchers. Over one million bank switches occurred in 2025, highlighting strong consumer demand for better value.
Lloyds Bank has clarified the rules for its friend referral scheme, where customers can earn £50 per referral, up to £250 annually, by inviting new clients to open a current account.
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RecommendedHMRC warns one million people annually miss out on tax refunds, advising use of its app for verification and claiming overpaid tax through P800 letters or online methods.
New research reveals that many car insurance policies offer inadequate coverage for personal belongings stolen from vehicles, leaving drivers vulnerable to significant financial shortfalls.
First Direct is providing a £175 welcome bonus to new current account customers who meet specific criteria within 45 days, including switching via the Current Account Switch Service.
HMRC is dispatching letters to households with incomes exceeding £50,000 to notify them of major tax rule changes under Making Tax Digital, requiring quarterly submissions from April 2026.
Analysis reveals savers with £10,000 in major banks lose nearly £300 yearly versus challenger banks. Experts warn of widening rate gaps and urge switching.
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RecommendedMotorists can purchase basic roadside assistance policies starting at £15 annually. Experts recommend tailoring coverage to individual needs rather than opting for unnecessary add-ons.
UK savers face £13,500 penalties to access their own money in Lifetime ISAs, with the property price cap frozen at £450,000 while housing costs surge. Over 129,000 were penalized last year.
New figures reveal state pensioner couples receive £3,945 more than needed for minimum retirement living standards, while singles face a £852 shortfall.
HMRC has clarified its one-week rule for adjusting tax codes when state pension amounts change, ensuring pensioners pay correct tax as Triple Lock increases take effect in April.
A MoneySavingExpert.com reader slashed her water bill by 50% after following Martin Lewis's guidance on social tariffs, saving £400 annually as bills rise across England and Wales.
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RecommendedFinancial experts warn UK households with less than £20,000 in savings to maximize their ISA allowance before the April 5 tax year deadline, highlighting common mistakes and different ISA options available.
UK households holding £10,000 in high street bank accounts are being warned they could be missing out on hundreds of pounds in interest by not considering challenger banks offering higher rates.
Customers with major UK high street banks like Barclays, HSBC, Lloyds, and NatWest could be nearly £300 worse off annually by failing to switch to challenger banks offering significantly higher interest rates, according to financial analysis.
Major UK banks including Nationwide, Lloyds, and Barclays face calls to reassess lending criteria for self-employed individuals as traditional employment stability diminishes amid rising unemployment and AI disruption.
High-value annuity purchases are surging as affluent savers seek to protect retirement income and pass more wealth to heirs amid Labour's pension inheritance tax changes.
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RecommendedThe Department for Work and Pensions has confirmed state pension increases under the triple lock, with younger retirees seeing a £575 annual rise. New weekly rates take effect from April 6, 2026.
The state pension age is rising from 66 to 67 over two years, affecting those born between April 1960 and March 1961. People born after April 1978 may face a pension age of 68 by 2046, with a current review potentially accelerating changes.
Megan Smith-Evans, 33, from Birmingham, paid off £13,000 of debt in just 12 months using a strict colour-coded budgeting system after accumulating £15,000 through pandemic spending, a new puppy, and excessive takeaways.
HMRC has launched a points-based penalty system for late income tax submissions under Making Tax Digital, with annual filers facing £200 charges for repeated delays.
Motoring experts reveal that adding a spouse to your car insurance policy can cut average premiums from £821 to £506, delivering significant cost-of-living savings.
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RecommendedA major change to the UK state pension age begins in April, with the age gradually rising from 66 to 67, affecting millions of people born after April 1960.