UK Finance
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HMRC Initiates £70 Pension Top-Up Payments Amid Fraud Concerns
HMRC is contacting 1.32 million low earners for a £70 pension tax relief refund, prompting urgent warnings to verify official communications against scams.
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UK Savings Market Heats Up as Competition Drives Rates to Six-Year High
UK banks are offering competitive savings rates, with 1,385 accounts now beating the Bank of England base rate as providers fight for customer deposits.
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NS&I Increases Fixed-Term Bond Rates to Meet £15bn Financing Target
National Savings and Investments (NS&I) has increased interest rates across nine fixed-term savings products as it seeks to attract capital to meet a higher government-mandated financing target of £15 billion for the 2026/27 financial year.
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NS&I Cuts Premium Bonds Prize Rate, Worsens Odds for Savers
National Savings and Investments is cutting the Premium Bonds prize rate to 3.3% and lengthening odds to 1 in 23,000 from April 2026, impacting millions of UK savers.
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HMRC Rectifies Nine-Year State Pension Forecast Error, Apologizes to 800,000
HM Revenue and Customs (HMRC) has finally rectified a nine-year-old error in its online state pension forecast tool, apologizing to up to 800,000 Britons whose retirement savings were at risk due to inaccurate estimates. The flaw primarily impacted individuals who…
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FSCS Deposit Protection Rises to £120,000: What Savers Need to Know in 2025
The UK’s Financial Services Compensation Scheme (FSCS) will increase its deposit protection limit to £120,000 per person from December 2025, reflecting ongoing inflation and evolving savings habits. Here’s what savers need to understand about the new rules, practical impacts, and…
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Premium Bonds Create Millionaires: Stoke-on-Trent Holder Wins Big
The latest NS&I Premium Bonds draw has transformed ordinary savers into millionaires, with a Stoke-on-Trent resident landing £100,000 from just £913 invested. Discover how the monthly prize system works and why millions across the UK are checking their numbers.