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Be sure to write down these key monetary dates in your new diary to avoid any unpleasant financial surprises…
January 31: File your tax return
You have weeks to file a return online and pay what you owe.
There is a £100 fine if you apply up to three months late. For late payments, you are charged interest of 7.25 percent.
March 2: train price increase
Travelers beware: train fares in England will rise by 4.6 percent.
January 2025: You have weeks to file your taxes online and pay what you owe. There is a £100 fine if you arrive up to three months late. After this, 7.25% interest is charged.
April 1: Stamp duty exemption ends
No stamp duty is payable on the first £250,000 of a house, but this is expected to be reduced to £125,000.
First-time buyers do not pay stamp duty until a house is worth £425,000, but this will drop to £300,000.
April 1: Household bills increase
Households will be hit by a range of bill increases, particularly council tax and water bills in England and Wales.
The latter will increase by an average of £86 a year, while the TV license fee will rise by £5 to £174.50.
April 5: Change in pension top-ups
It takes around 35 years of National Insurance contributions to get the full new state pension.
But after April 5, you will only be able to make up gaps in your record from six previous tax years, rather than going back to 2006, as you can currently.
April 5: Isa deadline
Savers and investors have until April 5 to use this financial year’s £20,000 tax-free Isa allowance – or lose it.
April 6: increase in state pensions
Pensioners receiving the new full state pension will receive a rise of £472 a year.
Weekly payments to those who retired after April 2016 will increase to £230.25, while those who retired earlier will receive £176.45.
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