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HMRC to send out 6 million unexpected bills to ‘rule break’ homes | Personal Finance | Finance

Millions of households across the UK could be set for a HMRC letter after they accidentally breached a 2016 rule. In January, more than six million accounts exceeded the Personal Savings Allowance (PSA) threshold, designed to let savers earn a limited amount of interest tax-free. As a result, millions of people could be set for an unexpected tax More...

by admin | Published 1 month ago
By admin On Friday, May 23rd, 2025
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Panic as families face new £500k tax sting after Rachel Reeves changes | Personal Finance | Finance

Family businesses could face inheritance tax bills of more than £500,000, new analysis has found. Following Rachel Reeves’ tightening the rules on inheritance tax, businesses could be subject to an average More...

By admin On Thursday, May 22nd, 2025
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Experts predict Keir Starmer’s next move as ‘mystery’ of winter fuel U-turn remains | Personal Finance | Finance

Keir Starmer told MPs he was going to look again at the threshold at which pensioners will get winter fuel payments.The U-turn revealed during Prime Minister’s Questions followed a public outcry which More...

By admin On Wednesday, May 21st, 2025
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Major credit card company to pay 46 million customers £200m after huge | Personal Finance | Finance

Millions of Brits will be eligible for £70. A Competition Appeal Tribunal has given its final approval on how Mastercard cash should be distributed following a nine-year class action legal battle. Walter Merricks, More...

By admin On Tuesday, May 20th, 2025
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Martin Lewis urges 800,000 UK households to claim ‘free money’ | Personal Finance | Finance

Money Saving Expert Martin Lewis is urging 800,000 people to claim ‘free money’ as soon as they can. Martin this week returned on his The Martin Lewis Podcast on BBC Sounds and Spotify with a Childcare Special More...

By admin On Monday, May 19th, 2025
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DWP announces fraud and error review of PIP and five other benefits | Personal Finance | Finance

The Department for Work and Pensions (DWP) provides welfare benefits to approximately 23.7 million individuals, including 13 million on the New or Basic State Pension, with many claiming at least one other DWP More...

By admin On Sunday, May 18th, 2025
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DWP says many pensioners could be missing out on £700 a year | Personal Finance | Finance

New data from the Department for Work and Pensions (DWP) shows one in 10 Pension Credit claimants are failing to receive their portion of an estimated £100 million due to not supplying the Department with precise More...

By admin On Saturday, May 17th, 2025
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DWP update on PIP cash boost after spending review | Personal Finance | Finance

New figures have revealed that tens of thousands of benefits claimants are owed more money than they are receiving after failing to report changes in their circumstances. Around 3.7 million people across Britain More...

By admin On Friday, May 16th, 2025
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DWP underpaid state pensioners by staggering £450m | Personal Finance | Finance

The benefits office underpaid state pensioners by a staggering £450million in the last tax year, new figures show. The Department for Work and Pensions (DWP) said the largest reason for underpayments stemmed More...

By admin On Wednesday, May 14th, 2025
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Martin Lewis gives refund update as millions could get £1,100 | Personal Finance | Finance

Money expert Martin Lewis has issued an update to potentially millions of Brits who would be owed a more than £1,000 payout. The finance guru advised that more information could be coming in a couple of months. Millions More...