HMRC clarifies tax rules on pension lump sum withdrawals
HMRC has clarified how pension lump sum withdrawals are taxed, confirming the first 25 per cent is tax-free with the remainder taxed on a week 1 month 1 basis.
Category : Finance
Trump: Diesel export ban 'never really on the table' as G7 releases oil
Donald Trump says a diesel export ban was 'never really on the table' after G7 nations agreed to release 100 million barrels of emergency oil as UK diesel tops £2 a litre.
Brits feel more in control of their finances, study suggests
Financial confidence among Brits has risen from 79% to 85% since 2024, despite ongoing economic pressures, an annual study of over 4,000 adults suggests.
G7 to release 100M barrels as diesel hits £2 record
G7 leaders agreed to release up to 100 million barrels from strategic reserves within four months, French President Emmanuel Macron said, as diesel costs hit a £2 record.
Martin Lewis explains Premium Bonds prize 'falsity'
Martin Lewis debunks the myth that newly bought Premium Bonds have better odds. He explains that all Bonds have equal chances, and newer ones simply win more because there are more of them.
Halifax raises mortgage rates by up to 0.15% today
Halifax has increased selected fixed mortgage rates by up to 0.15%, following Nationwide and other lenders in a week of repricing that experts say is not finished.
Diesel prices top £2 a litre for first time ever
The average UK diesel price has passed £2 a litre for the first time, reaching 200.01p, with further rises possible as refinery squeeze continues.
Inheritance Tax Freeze: £5,000 Gift Now Worth Just 1.83% of Average Home
Frozen inheritance tax allowances mean a £5,000 wedding gift from 1975 would need to be £39,876 today to match inflation, new analysis shows.
Man City tax questions put to HMRC after financial breaches
The Treasury Committee has written to HMRC about tax implications of the Premier League's investigation into Manchester City, which found the club used sham contracts to hide funding of more than £830m.
HMRC pressed on Man City tax implications after breaches
Treasury Committee Chair Dame Meg Hillier has written to HMRC about tax implications of the Premier League's investigation into Manchester City, seeking reassurance and answers.
Chancellor summons UK bank chiefs amid tax hike concerns
Chancellor John Healey has summoned UK bank chiefs for a pre-Budget meeting amid industry calls to avoid tax hikes on lenders.
Microsoft, Singtel among firms paying zero tax in Australia
Microsoft's datacentre business, Singtel and major coal and gas firms are among large corporations that generated billions in Australian revenue while paying zero income tax in 2024-25, the ATO's transparency database shows.
RBA: Most Homeowners Safe From Negative Equity Despite Slump
The RBA says fewer than one in 100 borrowers owe more on their home than it's worth, despite falling property prices. Even a 20% crash would push only about 5% of mortgages into negative equity.
Man City face £800m-plus bill as rivals ready legal action
Manchester City face legal action from rival clubs after being found guilty of 114 Premier League charges, with damages potentially exceeding £800m.
Energy price cap rises 4% as 16% January hike looms
A 4% rise to Ofgem's energy price cap takes effect, with warnings bills could jump a further 16% in January as campaigners urge government action.
UK borrowing costs hit 28-year high, alarming Chancellor
UK 30-year gilt yields top 6% for first time since 1998, raising alarm for Chancellor John Healey ahead of the October 28 Budget and risking spending plans.
Energy bills rise £60 a year as Ofgem price cap increases
Energy bills rise by £60 a year from today as Ofgem hikes the price cap 4% to £1,723, with VAT removal saving households £45 annually.
Airtel Money set for £5.3bn float in biggest London IPO for five years
Airtel Africa's mobile payments firm is heading for a stock market valuation of around £5.3 billion when it floats this month in what would be one of the biggest London listings in recent years.
UK manufacturing energy bill cut scheme opens for applications
Manufacturers in England, Scotland and Wales can apply for the British Industrial Competitiveness Scheme, cutting electricity bills by up to 25% from April 2027.
DWP and Money Changes Coming in October 2026
From October 1, the DWP can ban benefit debtors from driving, while Ofgem's energy price cap rises to £1,723. Vinted updates terms on October 8, and the Budget is due October 28.
Airtel Money sets £5.3bn float price for London debut
Airtel Africa’s mobile payments firm is heading for a stock market valuation of around £5.3 billion when it floats this month, with shares priced at £1.96.
£1m pension pot falls short of comfortable retirement standard
New analysis shows a £1m pension pot may leave a single retiree about £1,300 a year below the £45,400 benchmark for a comfortable retirement, after tax.
Premium Bonds October winners: two £1m jackpots revealed
NS&I has announced the October Premium Bonds winners, with two savers in England each receiving the £1million jackpot prize.
October 2026 Premium Bonds: two savers scoop £1m each
Two NS&I Premium Bonds savers have each won £1million in the October 2026 prize draw. One winner from East Sussex holds the maximum £50,000, while a Somerset winner invested £16,000.
Check if you're due a share of £126m unclaimed Premium Bond prizes
Nearly 2.9 million Premium Bond prizes worth £126,787,100 are unclaimed at NS&I. Check your holder's number online to see if you're owed a windfall.
UK Lotto player wins £2m jackpot after matching all six numbers
A UK Lotto ticket-holder has won tonight's £2million jackpot after matching all six main numbers in the National Lottery draw.
National Lottery Results: £2m Jackpot Up for Grabs Tonight
The winning National Lottery numbers for Wednesday, September 30 are revealed, with a £2m Lotto jackpot and Thunderball draw offering life-changing prizes.
Pension Withdrawals Hit £91bn as Savers Warned Over Tax Fears
Pension withdrawals jumped 21.7% to £91bn in 2025/26, with experts warning savers risk taking too much too soon amid tax speculation.
UK energy bills forecast to jump by £276 a year from January
Household energy bills in Great Britain are predicted to reach almost £2,000 a year from January, a 16% rise, the biggest quarterly increase since 2023.
Energy bills rise 4% for millions as January surge looms
Over four million households face a 4% energy bill rise from October 1, adding £60 a year to the typical bill, taking it to £1,723, with a possible further jump to £1,999 in January.
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