MoneySavingExpert News

October

Get tax credits or child benefit paid into a Post Office card account? Set up an alternative account now or your payments will stop

Around 6,600 people who get tax credits, child benefit or guardian's allowance paid into a Post Office card account need to take action urgently as HMRC will stop making payments into these accounts after 5 April.

28 March 2022

State pension to increase by 3.1% next April giving some retirees an extra £5.55/wk

More than 10 million pensioners could see their state pension rise by £5.55/wk from April 2022 after the Office for National Statistics (ONS) confirmed that inflation stood at 3.1% in the year to September - a figure that is typically used to calculate the following year's state pension increase.

25 November 2021

Eight mortgage cost-cutting need-to-knows with interest rate rises on the cards

A UK rate rise is on the cards, so can you lock-in cheaply now to save £1,000s?. Here's Martin's mortgage heads up.

16 November 2021

Switch now: Martin's car and home insurance warning ahead of groundreaking rule changes

Important changes to the way insurers charge new and existing customers are on their way, which will put an end to the 'loyalty premium' borne by consumers, says MoneySavingExpert.com founder Martin Lewis.

16 November 2021

Book your Xmas supermarket delivery slots now with spots at Asda, Sainsbury's and Waitrose all still available - here's when and how to do it

Ocado and Waitrose have begun taking bookings for food deliveries over the Christmas period and so we have compiled a full breakdown of what the other leading supermarkets are doing - but you may need to act quickly as many slots have already been taken.

16 November 2021

Household energy price cap to be reviewed as gas and electricity prices soar

The energy price cap, which governs the maximum households can be charged per unit of gas and electricity, is to be reviewed as wholesale prices soar. Energy regulator Ofgem has today written an open letter to suppliers saying that it will look at the methodology used to determine the new cap due to take force in April 2022.

29 October 2021

Fears grow of a spike in mortgage rates as the Government battles to curb rising inflation – check if you can lock in now to save £1,000s

Mortgage rates could dramatically rise after new forecasts from the Office for Budget Responsibility (OBR) show the Bank of England's base rate could rise to 3.5%. This could mean an end to record low mortgage rates, so it's worth checking now if you can lock in to save £1,000s.

28 October 2021

Amazon expands trade-in service to include smartphones and consoles - here's how it compares

You can now trade-in used smartphones and consoles on Amazon in return for vouchers to spend at the online retailer. It's an expansion of the scheme, which has until now only been available on Amazon's own brands, such as Echo, Kindle, and Ring.

28 October 2021

Autumn Budget 2021: Concerns raised over potential moves to raise the 0.75% charging cap on pensions

The Government said it is to consult on possible changes to the 0.75% cap on pension fund charges, potentially raising the ceiling so that the funds can be used to invest in more expensive projects, such as renewable energy.

27 October 2021

Autumn Budget 2021: Universal Credit cash boost confirmed for millions of workers but £20 uplift won't return

The taper rate, which is the amount Universal Credit payments are reduced by when you're in work, will fall from 63% to 55%.

27 October 2021