In this article we provide a list of the key dates that are likely to impact your finances in 2025. Below you will find a simple summary of the important dates that could impact your money this year, listed in chronological order running from January through to December.
January 2025
1st January
- The Energy Price Cap increases to £1,738 for the average dual-fuel household. Read our article 'Should I fix my energy prices' for more information and for details on whether you should consider fixing your energy tariff.
- Private school tuition fees will become subject to VAT at the standard rate of 20%.
15th January
- The latest inflation figures are announced.
31st January
- Deadline for online self-assessment tax return for the 2023/24 tax year. Read our article '7 tips for your self-assessment tax return' for further guidance.
February 2025
6th February
- The latest Bank of England announcement on the base rate of interest is due.
19th February
- The latest inflation figures are announced.
March 2025
2nd March
- Regulated rail fares across England and Wales are due to increase by 4.6%. Train fares usually increase every January in line with the Retail Prices Index (RPI) figure for the previous July, but they will increase at 1% higher than July's inflation figure of 3.6%. The cost of most railcards will increase by £5 or around 17% as well.
26th March
- The latest inflation figures are announced.
20th March
- The latest Bank of England base rate announcement is due.
26th March
- The 2025 Spring Budget will be delivered as the Spring Forecast - the new Labour government has decided to hold only one budget each year, which will take place in the Autumn of 2025. Read our summary of the Spring Budget 2024. We'll provide a link to the 2025 Spring Forecast summary as soon as it ends.
31st March
- Last day before the first-time buyer stamp duty land tax-free threshold falls from £425,000 to £300,000 on property purchases, and the qualifying property price limit is reduced from £625,000 to £500,000. You can read more about this in our article, "Budget 2024: Extra stamp duty on second homes increased to 5%".
April 2025
1st April
- The national living wage increases. We explain the increase in more detail in our summary of the Autumn Statement.
- Most councils in England and Wales can increase bills by up to 5% (otherwise a referendum would need to be called). The average Band D council tax set by local authorities in England for 2024-25 is £2,171, which is an increase of £106 or 5.1% on the 2023-24 figure of £2,065.
- Colour TV licence increases from £169.50 to £174.50 per year. Scotland's government will allow council authorities to increase council tax by up to 3% after freezing increases the previous year.
- New Energy Price Cap figures for the second quarter of 2025 to come into force. In December 2024, an analysis by independent energy specialist Cornwall Insight predicted that energy prices could increase slightly in April 2025 from £1,738 to £1,761.
- Water bills will increase by 20% which means that the average bill will go up by £86. You can read more about the increase in our article, "Average water bills set to rise by £86 in 2025".
5th April
- Final day of the 2023/24 tax year. Each tax year, adults are entitled to a £20,000 ISA allowance. You will need to ensure you take advantage of your allowance as it cannot be rolled over. Children are also entitled to a £9,000 tax-free allowance via a Junior ISA. Check out our best ISA cashback offers.
6th April
- The rate of National insurance that employers pay is being increased from 13.8% to 15%. You can read about this in our article, "Autumn Budget 2024 – How will it impact my business?"
- The employment allowance, which is the threshold for when National Insurance becomes payable by employers, will be increased from £5,000 to £10,500 and will be open to all employers as the £100,000 eligibility threshold is removed.
- Non-Dom tax status will change so that the previous loophole for non-UK domiciled individuals is closed and a new residence-based regime is adopted.
- The rate of CGT for Business Asset Disposal Relief and Investors’ Relief is increasing to 14% for disposals made on or after 6 April 2025
7th April
- State Pension and Pension Credit payments increase by 4.1%. Read more in our article 'State Pension set to rise by up to £473.20 in April 2025'.
- State benefits such as Universal Credit, Child Benefit and Personal Independence Payments increase by 1.7% (in line with CPI figures for September 2024).
16th April
- The latest inflation figures are announced.
May 2025
8th May
- The latest Bank of England base rate announcement is due.
21st May
- The latest inflation figures are announced.
June 2025
18th June
- The latest inflation figures are announced.
19th June
- The latest Bank of England base rate announcement is due.
July 2025
1st July
- New Energy Price Cap figures for the third quarter to come into force.
16th July
- The latest inflation figures are announced.
August 2025
7th August
- The latest Bank of England base rate announcement is due.
20th August
- The latest inflation figures are announced.
September 2025
17th September
- The latest inflation figures are announced.
18th September
- The latest Bank of England base rate announcement is due.
October 2025
1st October
- New Energy Price Cap figures for the final quarter of 2025 to come into force.
5th October
- Registration deadline for those new to self-assessment.
22nd October
- The latest inflation figures are announced.
31st October
- Deadline for postal self-assessment tax return for the 2024/25 tax year. Those wishing to complete their self-assessment tax return online have until 31st January 2026.
November 2025
6th November
- The latest Bank of England base rate announcement is due.
14th November (Approx)
- The Autumn Statement is usually delivered in mid to late November. In 2024 it was delivered on 30th October. We will update the date once it is confirmed. Read our 2024 Autumn Statement summary. We'll provide a link to our 2025 Autumn Statement Summary straight after it has ended.
19th November
- The latest inflation figures are announced.
December 2025
17th December
- The latest inflation figures are announced.
18th December
- The latest Bank of England base rate announcement is due.
Additional dates to add to your personal finance diary in 2025
Alongside the dates listed above, there are several key dates that are likely to impact your own personal finances this year. Below, we summarise the additional dates you may wish to add to your diary in 2025.
Mortgage renewal date
If you have a fixed-rate mortgage, then dig out your paperwork and make a note of when the fixed-rate deal is set to expire. Most mortgage providers allow you to apply for a new fixed-rate deal up to 6 months before your current deal expires, so make sure you add a note in your diary 6 months prior to your fixed deal ending. Check out our guide on how to remortgage and get the best rate and for the best deals, check out our article 'Best remortgage deals in the UK' to easily find the best remortgage deals.
Car insurance renewal
Check to see whether your car insurance is set for automatic renewal. If it is, contact your provider and request for this option to be removed so that you have full control over the renewal process. Make a note of your renewal date and use a comparison site to find the cheapest car insurance policy. Read our article 'Best car insurance in the UK' to learn more.
Home insurance renewal
As with your car insurance renewal, check to see whether your home insurance is set for automatic renewal. Again, if it is, contact your provider and request for this option to be removed to gain control over the renewal process. Ensure you make a note of your renewal date and then use a comparison site to find the cheapest home insurance policy. Read our article 'Best home insurance in the UK' for more information.
Energy prices
Keep an eye on the latest energy price cap figures, released every quarter (1st January, 1st April, 1st July and 1st October). Depending on the latest figures and how competitive the energy market is, it may be worth fixing your energy tariff. Read our article 'Should I fix my energy prices'.
Savings accounts
Check the rate you are getting on your savings and when any limited-time deal is due to end. Make sure that you compare the best savings rates and look out for when any new rates and bonuses are set to expire.
Subscription renewals
Make a note of all of your subscriptions and when they renew. If you pay monthly, then you may be able to save money by paying annually, if you can afford to. Also, make sure that your subscriptions are not set to auto-renew and keep an eye out for offers. If you are paying monthly, then going through a cancellation process (even if you don't intend to do so) can sometimes trigger a special offer. Read our article 'How to find and cancel unwanted subscriptions'.
