All the key money dates in 2025 and how they will affect YOUR finances
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MANY financial changes are coming in 2025 which could affect how much money you have in your pocket. Bus and rail fares will rise, the minimum wage will increase and stamp duty thresholds will be updated. Plus, it’s important to remember yearly money dates including the deadline to submit a tax return or when the new financial year begins.
![[We explain all the key money dates that could impact your finances next year]](https://www.thesun.co.uk/wp-content/uploads/2024/12/JB_07_12_KEY-FINANCE-DATES_COMP.jpg?strip=all&w=960)
Here we explain all the key dates you need in your diary for the New Year. On January 1 the new energy price cap comes into effect. Households will now pay an average of £1,738 per year for their energy, up from £1,717. The price cap is used to show how much a typical family with a dual fuel tariff who pays via direct debit could expect to spend on their energy bill each year.
But the exact amount you will pay each month will depend on your usage and can be higher or lower than the cap. What to do: There are several things you can do to ease the pain of a price cap rise. The first is to look around for a fixed rate that might be cheaper than the standard variable tariffs based on the cap.
The second is to look for ways to minimise your energy usage, which can bring down your overall bills. This could be things like turning the thermostat down a degree, keeping your curtains drawn, and even blocking drafts from chimneys. Longer term, insulation is expensive but can save you thousands of pounds on your bills.
