More than 56% of people say they weren’t prepared for life’s financial milestones with one in four admitting they lack basic knowledge about money matters but are too embarrassed to ask, according to new research.
One in three new parents are missing out on Child Benefit payments in their baby’s first year, new figures reveal.
Pensioners are being warned to be on high alert for scams as the recovery of Winter Fuel Payments begins this month. Almost two million people are expected to repay their winter 2025 payment due to their annual income being more than £35,000 – for most, an automatic process. HMRC saw more than 25,000 Winter Fuel Payment scam referrals over the last 12 months.
Workers are set to take control of their tax affairs as the government today (21 July 2025) announces a new online Pay As You Earn (PAYE) service for around 35 million UK taxpayers as HM Revenue and Customs (HMRC) sets out more than 50 measures to transform the UK’s tax and customs system.
Parents of 16-19 year olds will receive reminders from HM Revenue and Customs (HMRC) to extend their Child Benefit claim by 31 August if their child is staying in education or training or payments will automatically stop.
