National Savings and Investments (NS&I) has announced that the prize fund rate for Premium Bonds will rise to 3.80% from the July 2026 draw. This change affects over 22 million holders, who will also enjoy improved odds of …
Many savers are being hit with unjust tax bills running into thousands of pounds due to errors by HM Revenue & Customs (HMRC). Recent reports reveal that HMRC is mistakenly clawing back tax on savings interest that either …
Starting April 6, 2026, a series of important tax changes will come into effect for UK households, as the new tax year begins. These updates, announced by HMRC under the current Labour government, cover a wide array of areas …
HM Revenue & Customs (HMRC) is preparing to issue tax demand letters to nearly 2.7 million UK savers, signaling a significant increase in taxes on savings next year. According to Treasury forecasts, this move will generate …
The Labour Party has released an important update concerning tax bills for state pensioners as part of its Spring Statement documents. This announcement clarifies the government’s and HMRC’s positions on retirement income …
Nationwide is set to reduce interest rates on 36 different savings accounts next month, affecting millions of customers nationwide. This move comes in the wake of the Bank of England’s recent decision to adjust base rates. …