Savings

HMRC Urges 758,000 Young People to Claim Unused Child Trust Funds; Prime Minister’s Labour Conference Focuses on Immigration Policy and Education Reform; Packaging Tax Increases Cost Pressures, UK Food Inflation May Rise by Another 0.5%

Do you know which supermarket is the cheapest in the UK?Aldi has once again been named the cheapest UK supermarket for a standard basket of groceries. However, according to the latest survey by consumer group Which?, Lidl briefly overtook Aldi last month, claiming the top spot as the UK’s cheapest supermarket for the first time since 2023. However, the lead didn’t last long. Aldi quickly reclaimed its position as the cheapest supermarket, pushing Lidl back into second place.

When living and working in the UK, most people associate October with two familiar events: the clocks going back for winter time and Halloween. But there is something far more important than ‘trick or treat’ for many – the critical deadline for self-assessment tax registration. Most employees in the UK pay tax automatically through the PAYE system.

HMRC to resume taking tax owed by debtors directly from their bank accounts; The government has announced plans to introduce a digital ID system across the UK; Starmer denies putting seven-acre field in trust to avoid inheritance tax

One of the main advantages of setting up a limited company in the UK is that shareholders can receive income through dividends. Compared with salary, dividends are taxed at lower rates, which can reduce overall personal tax liabilities. For example, in the 2024/25 tax year, each shareholder benefits from a £500 dividend allowance. Beyond this, dividend income is taxed according to the individual’s income tax band. This means that once income exceeds the personal allowances (£

State pension likely to rise by 4.7% in April! Temu’s UK operation doubles revenues and pre-tax profit! Reeves plots ‘taxi tax’ as borrowing costs soar

HMRC raises small business ‘phoenixing’ tax loss to £836mn！150,000 people join 'Unite the Kingdom' march in London! UK economy saw zero growth in July

UK Deputy Prime Minister admits to underpaying property tax and steps down; UK rents hit a record high with the cheapest regions revealed; Shein faces a UK tax storm as billions in revenue “flow” to Singapore.

On 15 June 2025, the UK government officially launched a landmark reform in the real estate sector — the new Energy Performance Certificate (EPC) assessment standard, RdSAP 10, came into effect. As the most significant upgrade to the EPC system in over a decade, this policy shift will have profound implications for property transactions and the rental market, bringing new compliance requirements, investment considerations, and opportunities for landlords, investors, and in

Number of countries suspending parcel shipments to the US grows to 25! More than £8bn wiped off British banks over Reeves tax raid fears! Electric cars eligible for £3,750 discount announced

Against the backdrop of high taxes and rising living costs in the UK, many people choose to build up their wealth through savings interest or investment products. What some may not realise, however, is that while savings capital itself is not taxed, the interest earned on savings is subject to taxation – this is known as the tax on savings interest. In recent years, the tax burden on British savers has grown heavier.

Britain’s pension system is under mounting pressure, with millions of retirees already struggling to make ends meet and younger generations at risk of even greater hardship in the future. Recent data from the International Longevity Centre (ILC) and the Pensions Policy Institute paints a stark picture of a nation facing a deepening retirement crisis.

Reeves considering new property tax on houses worth more than £500,000; Rail fares in England on path to rise by 5.8% next year on back of inflation data; Record 111,000 UK asylum applications in past year

HMRC has officially announced new rules – from 1 January 2026, tax reporting requirements for crypto assets will tighten significantly, and tax evasion will face severe penalties.

Protests have recently broken out outside migrant hotels across the UK, with public anger over illegal immigration continuing to escalate. In addition to safety concerns and the controversy over hotel costs, the UK faces a worsening housing crisis, which has become a major source of frustration for citizens and legal immigrants alike.

In recent years, an increasing number of workers in the UK have chosen to take on part-time work to earn extra income – for example, delivering food in the evenings, selling handmade crafts online, freelancing, or helping friends with various tasks. Flexible side jobs have become an important way to cope with the rising cost of living and to pursue financial independence.

Rachel Reeves needs to put up taxes to cover £40bn deficit; HMRC could claw back VAT from private school advance fee schemes; Interest rate cut to lowest level in more than two years

According to the latest data from the British Retail Consortium (BRC), annual food inflation in June rose to 3.7%, up from 2.8% in May – the largest monthly increase in nearly a year. The price hike breakdown: ‘climate tax’ and ‘policy tax’ on the dinner table.

UK investors buy gold coins in record numbers to mitigate against tax; UK retailers warn of more price hikes as tax costs bite; Biometrics to replace stamps at EU border from 12 October

New data released through a Freedom of Information request shows that over five years, the number of savers opting to access their pension flexibly ahead of retirement has increased by 18%. Why are so many choosing to dip into their pension pots early rather than waiting until full retirement age?