New 2025 tax rules, DWP benefit changes and household bill hikes that will affect your money

manchestereveningnews.co.uk:

New rules on tax, benefits, wages and more will affect the personal finances of everyone living in the UK over the next year.

Over 2025, a raft of changes will come into effect leading to higher bills for some and savings for others. Household bills set to rise over the course of the year include energy bills, water bills and the TV licence fee.

The cost of bus travel will rise when a new fare cap comes into effect and train tickets will increase in price in March. Meanwhile, people who claim benefits from the Department for Work and Pensions (DWP) or HM Revenue and Customs (HMRC) will see their payments increase from April.

Changes to Universal Credit rules and the earnings threshold for Carers Allowance will also impact some claimants. Savers who have Premium Bonds will see a new less generous prize rate come into effect at the start of the year.