VAT cut on electricity bills saves UK households £45 a year
From October 1, 2026, VAT on household electricity bills will be removed, saving each home an average of £45 a year as the energy price cap rises.
Category : Finance
47% underestimate comfortable retirement income needs
Nearly half of UK adults underestimate the income needed for a comfortable retirement, with many expecting £30,000 or less annually, research shows.
HMRC petitions for Jamie Carragher bankruptcy
HMRC has filed a bankruptcy petition against Liverpool legend and Sky Sports pundit Jamie Carragher over an unpaid tax bill, with the case listed for August 27.
Pension savers warned of 'irreversible' costly mistake
Brits saving for pensions face an 'irreversible' mistake costing tens of thousands as inheritance tax rules change in 2027. Experts urge caution on merging pots into one.
Lotto and Thunderball winning numbers for £2.8m draw
The winning Lotto numbers for Wednesday's £2.8m jackpot draw have been revealed, along with the Thunderball results. Check your tickets now.
Bessent's bond market tactics threaten his credibility
US Treasury Secretary Scott Bessent's bond buyback plan raises doubts as national debt tops $40tn and deficit nears 6% of GDP, economist Kenneth Rogoff warns.
UK energy price cap to rise 4% to £1,723 from October
Ofgem's new price cap will push typical household energy bills to £1,723 a year from October, a 4% rise, as global market prices climb.
Compound interest turns £35k into £100,000 pension
Compound interest can turn £35,000 of contributions into a £100,000 pension pot, as investment growth accounts for 65% of the typical fund, new research shows.
Energy bills to rise 4% in October to £1,723
The Ofgem price cap rises 4% in October, lifting typical direct debit bills from £1,663 to £1,723 a year. Analysts warn of a further 9% rise in January.
Celtic's Champions League exit: Cost of LASK collapse revealed
Celtic blew a 4-0 aggregate lead to LASK, crashing out of the Champions League playoff. The defeat costs them at least £22m in prize money, with Europa League payouts far lower.
Five expert tips to boost pensions as most age groups fall short
Finance experts share five tips to boost pension pots after research shows nearly all age groups are failing to meet retirement savings targets.
Teacher, 24, plans to retire by 40 as millionaire
A 24-year-old teacher from York aims to retire by 40, targeting millionaire status through smart investments, saving at home, and cutting needless spending.
Single-income families told to use £2,880 pension rule
Single-income families face higher tax and lose benefits, but AJ Bell says a £2,880 pension contribution rule can help cut the impact and save thousands.
Brits warned of £10,000 pension trap in golden gap year plans
Brits taking a year off work risk a £10,000 pension allowance cut if they use retirement savings to fund a 'golden gap year', PensionBee warns.
Ayrshire pensions campaigner: new Act fails pre-1997 'victims'
Pat Kennedy says the Pension Schemes Act 2026 offers no guarantee that surplus funds will be shared with pensioners whose pre-1997 contributions were frozen.
Teacher, 24, Plans to Retire as Millionaire by 40
Elly, a 24-year-old teacher from York, is on course to become a millionaire by 40 through investing and saving, with £50,000 already saved.
Energy bills to rise £60 a year as Ofgem price cap increases
Ofgem's energy price cap will rise 4% to £1,723 a year for typical households from October, adding £60 to annual bills.
Energy price cap rises 4% to £1,723: What it means for you
Ofgem raises energy price cap by 4% to £1,723, adding £60 a year to average household bills from October amid high wholesale gas prices.
UK households face £264 energy bill rise by 2030
UK households face a £264 rise in electricity bills by 2030, reaching £1,145, as net zero costs mount, according to Boston Consulting Group calculations.
Energy bills to hit three-year high as Ofgem cap rises 4%
Energy bills will rise to a three-year high this winter as Ofgem's price cap increases by 4% from October, pushing typical direct debit bills to £1,723.
Euromillions LIVE: £50m jackpot numbers drawn tonight
Tonight's National Lottery draw sees the Thunderball at 8pm and the Euromillions at 8.45pm, with a £50million jackpot up for grabs.
UK households face highest energy bills since July 2023
Ofgem is expected to raise the energy price cap to a three-year high this week, with typical annual bills forecast to hit £1,729 from October.
EuroMillions £50M results: Tuesday, August 25 live updates
One person could win £50M in tonight's EuroMillions draw on Tuesday, August 25, plus a guaranteed £1M Millionaire Maker prize. Live updates here.
Millions more now paying higher income tax rates, analysis finds
New IEA analysis shows 5.5 million more people now pay 40% income tax or higher than in 2000, with 700,000 caught in the 60% tax trap.
Premium Bonds odds improve as ISA rule change sparks rush
NS&I improves Premium Bonds odds to 21,000 to one and raises prize fund rate to 4.35% for September, as an ISA allowance cut prompts a savings dash.
Pensioners could claim £8,000 after childcare error
Thousands of pensioners may be owed £8,000 after a historic childcare credits error. HMRC has paid £104m in arrears, with more unclaimed.
UK energy debt hits record £6bn ahead of price cap change
Domestic energy debt in the UK has reached a record £6 billion, with forecasts of £7 billion by end of 2026, as the new Ofgem price cap is announced Wednesday.
Set for Life winning numbers for August 24 draw
The Set for Life draw on August 24 offered a top prize of £10,000 a month for 30 years. The winning numbers were 19, 11, 28, 38, 43 and the Life Ball was 9.
Pension tax deadline: families face 91% inheritance tax hit
Unused pension pots enter inheritance tax from April 2027. NFU Mutual says some families could lose up to 91% of an inherited pension to tax, rising to 93% in Scotland.
Millions to get State Pension and benefits early for bank holiday
DWP, HMRC and Social Security Scotland will bring forward payments due on Monday, August 31, to Friday, August 28, ahead of the bank holiday.
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