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MoneySavingExpert News

October 2021

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
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
Sweeping cuts to alcohol and air passenger duties were announced by Rishi Sunak in today's Autumn Budget 2021, while the Chancellor froze the levy on fuel for the 12th year in a row.
27 October 2021
The Chancellor, Rishi Sunak, has delivered his eagerly-anticipated Autumn Budget to the House of Commons, setting out the Government’s financial strategy. Key measures that have been announced include a cash boost for in-work Universal Credit recipients, a shake-up of the levy on alcohol, and a cut to air duties on flights within the UK. 
27 October 2021
Millions of workers on Universal Credit will get a cash boost by 1 December, Chancellor Rishi Sunak has announced in his Autumn Budget. The taper rate, which is the amount Universal Credit payments are reduced by when you're in work, will fall from 63% to 55%. In addition, the amount households with children or a limited capacity for work can earn before they're hit by the taper rate will rise by £500/yr.
27 October 2021
The Treasury has launched a new Green Savings Bond that will be welcome news for those wanting to support green projects but the bond only pays interest of 0.65% a year, which is far below the top-paying three-year fixed savings deals. MoneySavingExpert.com founder Martin Lewis has branded the rate "pants". 
26 October 2021
MoneySavingExpert.com founder Martin Lewis has reaffirmed his message to consumers to sit tight and avoid switching to a new fixed-price energy deal as more gas and electricity providers go bust. On his weekly The Martin Lewis Money Show on ITV he warned people to "do nothing".
26 October 2021
Phone companies have agreed to block the majority of internet phone calls made from abroad where it looks as though the call is coming from a UK number. 
26 October 2021
The national minimum wage paid to workers aged 23 and over will rise from £8.91/hr to £9.50/hr from 1 April, the Government has announced. This represents an increase of 59p, and an extra £1,000/yr if you work full-time. The national minimum wage for workers aged under 23 and apprentices will also rise. 
25 October 2021
Full-time students studying for an undergraduate degree at a university in England will be charged no more than £9,250/yr in tuition fees in the 2022/23 academic year, the UK Government has confirmed. It means it's the fifth year in a row that fees have been frozen. 
25 October 2021

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