Turning 66 changes how UK benefits work: most can't be combined with State Pension. Carers may lose Carer's Allowance payments, while working-age benefits like Universal Credit also stop. However, underlying entitlements can boost Pension Credit, and smart planning is needed for anyone thinking of deferring their State Pension.
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Britain’s government borrowing soared to £20.7 billion in June 2025, marking the second-highest June since 1993. This jump, driven largely by rising debt interest and a growing deficit, has intensified scrutiny of Chancellor Rachel Reeves’ promise to tackle national debt by 2030.
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An eye-watering £103 million in Premium Bonds prizes is unclaimed, with millions missing out due to outdated or missing contact details, especially from older, pre-digital bonds. Many have no idea they've won, including 11 who haven't claimed £100,000 jackpots. NS&I urges everyone to check and update their details.
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Six of the UK's main DWP benefits are set for big changes, including stricter Personal Independence Payment (PIP) criteria, cuts in Universal Credit health support, and shifts in state pension payment dates. While childcare support is set to expand, many vulnerable people risk losing hundreds or even thousands of pounds annually under the new government overhaul.
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HMRC warns UK savers with more than £3,500 in savings about potential tax liabilities on interest exceeding Personal Savings Allowances. Basic-rate taxpayers get £1,000 tax-free interest, while higher-rate payers have £500. Exceeding limits triggers taxation. Savers should track accounts, consider tax-free options, and report accurately to avoid unexpected tax bills.
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A massive heist has hit the cryptocurrency world as Bybit, a major exchange, reports a record-breaking $1.4 billion to $1.5 billion theft, allegedly orchestrated by North Korean hackers known as the Lazarus Group. This theft has surpassed all previous crypto heists. Bybit quickly restored its reserves, ensuring the safety of customer assets despite significant vulnerabilities exposed.
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