Business & Technology
Millions of Nationwide customers receive £100 windfall today
The £100 payments started today, June 10, and Nationwide says it has until June 30 to complete all transfers.
Many customers have reported already receiving the payment into their accounts.
Who is eligible for the £100 Fairer Share payment?
To qualify, members must use Nationwide for everyday banking and also hold certain savings or mortgage products.
The Fairer Share payment has been running since 2023 and is designed to reward members when the building society is in a strong financial position.
Nationwide’s retail director, Stephen Noakes, said: “We’ve made strong progress with this year’s Fairer Share payment, surpassing four million payments on the first day.
“We’re pleased to be able to reward eligible members with £100 for the fourth consecutive year.”
Important tax warning for some members
While many customers will receive the payment tax-free, Nationwide has warned that some people could face a tax bill depending on their total savings interest for the year.
The building society says the Fairer Share payment is treated as interest for UK income tax purposes.
That means it could count towards your Personal Savings Allowance (PSA):
- Basic-rate taxpayers: can earn up to £1,000 in savings interest tax-free each tax year.
- Higher-rate taxpayers: can earn up to £500 tax-free.
If your total savings interest goes above your allowance, you may need to pay income tax on the excess.
Nationwide said it will not deduct tax from the £100 payment, but it will report the payment to HMRC.
Recommended reading:
Key dates to know
- Payments began: June 10, 2026
- Most payments are being made now
- Final deadline for payments: June 30, 2026
- Payment amount: £100 per eligible member
What should you do next?
- Check your Nationwide account to see whether the £100 has arrived.
- Review whether you met the eligibility criteria for everyday banking and qualifying savings or mortgage products.
- Keep track of your total savings interest for the tax year if you are close to your Personal Savings Allowance.
The society added that anyone unsure about their position should seek independent tax advice.
For millions of members, the £100 payment will be a welcome boost during a period of rising household costs.
But the tax warning means some savers, particularly higher-rate taxpayers or those with large savings balances, may need to keep a closer eye on their annual interest totals.
Business & Technology
B&Q issues urgent recall for popular heatwave item amid 'electric shock' warning
B&Q has issued an urgent recall for one of its popular heatwave items after warning of ‘electric shock and fire’.
Source link
Business & Technology
Evri approved after Oxford Botley Road shop wins extension appeal
Nisa Local, which first opened in Botley Road in November, can now be extended after a Planning Inspector overturned Oxford City Council’s rejection.
The proposal is for a steel security shutter and a single-storey rear extension, which would provide more space for new services such as an Evri and two more Cook frozen meal freezers.
The Costa Coffee self-service machine is hoped to be on the front of the shop and will provide more floor space for Bake & Bite and the Oxford-based Natural Bread Company.
Oxford City Council refused permission in March arguing the extension would harm the character and appearance of the property.
Aejal Patel, Nisa manager (Image: Ben Hardy)
However, planning inspector Alexander O’Doherty concluded the impact on the wider area would be limited because the extension would be largely hidden at the rear from public view.
In his decision issued on July 23, the inspector acknowledged that the extension would have some harmful effect on the appearance of the building itself, but said the benefits outweighed that harm.
The inspector noted the shop is “clearly lacking in storage space” and said the additional floor area would help it better serve local residents.
The decision also referenced numerous representations from supporters, with the inspector saying these lent “considerable credence” to the benefits of the scheme.
He added that providing these services within a residential area would encourage walking, cycling and the use of public transport by reducing the need for residents to travel elsewhere by car.
Business & Technology
Witney sweet shop announces closure ‘with heavy heart’
Grumpys Sweet Shop in Fettiplace Road, which operated as a cafe and collectibles shop until it became a sweet shop in 2023, has announced it will close by the end of August.
A statement from the team behind the shop said the ‘difficult decision’ was taken with a ‘heavy heart’.
The final day trading would be Friday, August 28.
READ MORE: New Oxford ‘traffic filter’ scheme launch date announced
The statement said: “This hasn’t been a decision we’ve taken lightly.
“Like so many families and small businesses, we’ve felt the impact of the rising cost of living, and the increasing costs of running a business have made things more challenging than ever.
Sweets (stock photo) (Image: Timm Bursch / Unsplash)
“On top of that, our current lease has came to an end.
“Renewing it would mean committing to another seven years, and after a great deal of thought, we’ve decided that this is the right time for us to close this chapter.
“While we’re incredibly sad to say goodbye, we’d love to see as many of you as possible before we close.
READ MORE: Oxfordshire postcode wins big in Postcode Lottery draw
“From the bottom of our hearts, thank you for making Grumpy’s Sweet Shop so much more than just a business.
“You turned it into a place filled with smiles, laughter, and wonderful memories that we’ll treasure forever.”
The owners added that ‘everything you see in the shop’ is now for sale, and offers will be considered for all fittings and displays.
-
Business & Technology3 weeks agoHSBC UK & Visa test AI shopping with live payments
-
Business & Technology4 weeks agoMouser warns against viral hacks to cool overheating phones
-
Business & Technology3 weeks agoValarian lands USD $50 million backing for sovereign AI
-
Business & Technology4 weeks agoKane tops England influencer rankings after Mexico win
-
Business & Technology4 weeks agoSNP & Palantir launch AI tools for SAP transformations
-
Oxford News4 weeks agoDWP now checking bank accounts for Universal Credit and Pension Credit
-
Oxford Events4 weeks agoHenley Festival 2026 highlights: Five nights of unforgettable performances and festival moments
-
Business & Technology4 weeks agoOde launches free AI voice service for poem recommendations
