Money matters can feel like a race – you want the latest info as soon as it drops. Here we break down the biggest finance news that hits your wallet this month, from government benefit dates to a fresh bonus from Nationwide. No jargon, just what matters for you.
Heads up: if you receive Universal Credit or other major benefits, your May 2025 payment will land early. The bank holiday pushes the payment from the usual May 26 to May 23. That means a few extra days of cash to cover rent, bills or groceries.
On top of that, the government is rolling out a one‑off £450 Cost of Living Payment for low‑income households. It’s scheduled for mid‑May, so keep an eye on your bank statement. The boost is meant to help with rising energy costs and everyday expenses.
Nationwide is teasing another round of its Fairer Share Payment. If you hold a current account and either a savings product or a mortgage with the building society, you could snag a £100 bonus in 2025. The final go‑ahead depends on Nationwide’s full‑year results, which will be announced on May 29.
To be safe, check that your accounts meet the eligibility rules now. If you already have a mortgage or a decent savings balance, you’re likely in the mix. When the payment is confirmed, it will be credited straight to your account – no extra paperwork needed.
These two updates are the biggest money moves this month, but there are a few quick tips you can use right away:
Finance can feel like a never‑ending list of dates and amounts, but staying on top of these key events helps you keep control of your cash flow. Got a question about how the benefit payment works or whether you qualify for the Nationwide bonus? Drop a comment below and we’ll try to help.
Remember, the best way to avoid surprises is to check your accounts regularly and plan ahead. Whether you’re counting on a government boost or waiting for a bank bonus, a little foresight goes a long way.
Stay tuned to our finance page for more updates, quick guides, and practical money tips. We’ll keep the info clear, short, and useful – just like a pit stop that gets you back on track fast.
Benefit payments scheduled for May 26, 2025, will arrive early on May 23 due to a bank holiday, impacting Universal Credit and other major benefits. A one-off £450 Cost of Living Payment is also set for eligible low-income households in mid-May. Recent benefit increases and updates on migration to Universal Credit are included.
View moreNationwide is exploring another round of its Fairer Share Payment, potentially giving £100 bonuses to millions of members in 2025. Eligibility hinges on holding both a current account and either savings or a mortgage with the society. The final decision awaits Nationwide’s full-year financial results released on May 29.
View more