Thousands of pensioners across the UK are at risk of missing out on substantial pension entitlements due to a lack of awareness regarding crucial documentation. The Department for Work and Pensions (DWP) has identified multiple cases where deceased individuals were underpaid state pensions, and their beneficiaries remain unaware. If unclaimed, these payments could amount to … Read more
In a landmark decision, HM Revenue & Customs (HMRC) has announced plans to increase the self-assessment tax return threshold from £1,000 to £3,000. This move is expected to relieve nearly 300,000 individuals from the obligation to file tax returns, particularly those with modest additional incomes from side hustles and gig economy jobs. The overhaul is … Read more
The Department for Work and Pensions (DWP) has confirmed that millions of people across the UK will receive increased benefit payments starting in April 2025. The changes, affecting State Pension, Universal Credit, and Disability Living Allowance (DLA), are aimed at helping claimants manage the rising cost of living. Here’s a breakdown of the confirmed increases … Read more
In a bid to reduce the financial burden of energy bills on UK households, the government has introduced a new scheme offering up to £250 in annual discounts for residents living near newly built or upgraded electricity pylons. This initiative is part of a broader effort to expand and modernize the country’s energy transmission network … Read more
The UK is rolling out new AI-powered speed cameras capable of looking inside vehicles to detect road violations, and thousands of motorists have already been fined. These high-tech cameras, developed by Australian firm Acusensus, can automatically identify drivers using mobile phones, not wearing seatbelts, and breaking speed limits. Trials have already been conducted in Manchester, … Read more
The UK government has unveiled a series of sweeping reforms to the Personal Independence Payment (PIP), a benefit that supports people with long-term disabilities and health conditions. As part of a broader cost-cutting effort, the government aims to reduce welfare spending by over £6 billion. These reforms are expected to tighten eligibility, freeze payments, and … Read more
Electric vehicle (EV) owners in the UK are set to face a significant financial change as the government implements new taxation policies starting April 1, 2025. Under the updated Vehicle Excise Duty (VED) system, EVs will no longer be exempt from standard road tax, and those priced over £40,000 will be subject to an additional … Read more
Residents of Cambridgeshire will see changes to their Council Tax bills in the upcoming financial year (2025/26), with some areas freezing rates and others approving small increases. Here’s what you need to know about your new Council Tax rate and how it will impact your household budget. East Cambridgeshire: Council Tax Freeze for the 12th … Read more
UK retirees are set to face a significant financial burden in 2025, with essential expenses increasing by approximately £1,780 annually. Rising costs in energy, water, council tax, broadband, and car taxes are among the key drivers behind this surge, forcing many pensioners to reconsider their financial plans. Financial experts advise that retirees take proactive measures … Read more
The UK government has announced a significant overhaul of the welfare system, introducing £6 billion in benefit cuts that will primarily impact Personal Independence Payment (PIP) recipients and Universal Credit claimants. The reforms, led by Work and Pensions Secretary Liz Kendall, aim to tighten benefit eligibility, reduce payments for certain groups, and encourage more individuals … Read more