- US Department of Labor announces availability of $145M in funding to support performance-based Registered Apprenticeship expansion U.S. Department of Labor (.gov)
- DOL Offers $98 Million to Expand Youth Pre-Apprenticeship Programs ohsonline.com
- U.S. Labor Department opens $98m fund for youth pre-apprenticeships with AI literacy requirement EdTech Innovation Hub
- U.S. Labor Department Announces $98M YouthBuild Funding for Workforce Training Construction Owners Club
- U.S. Labor Department Launches $35.8M Manufacturing Apprenticeship Fund Thomasnet
Category: 3. Business
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US Department of Labor announces availability of $145M in funding to support performance-based Registered Apprenticeship expansion – U.S. Department of Labor (.gov)
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Tax revenues robust in 2025 and sustained investment in public services and infrastructure – Tánaiste Simon Harris & Minister Jack Chambers
- Tax revenues in 2025 amounted to €105.7 billion, up by €8.6 billion (8.9 per cent), on 2024.
- Of this:
- Income tax receipts amounted to €36.6 billion, up by €1.5 billion (4.3 per cent);
- Corporation tax receipts of €32.9 billion are up by €4.8 billion (17.2 per cent);
- VAT receipts of €22.9 billion were €1.1 billion (5.1 per cent) higher.
- Total gross voted expenditure amounted to €109.4 billion, €5.7 billion (5.5 per cent) ahead of 2024 and €0.6 billion (0.5 per cent) behind profile.
- An (underlying) Exchequer surplus of €3.8 billion was recorded last year.
An underlying Exchequer surplus of €3.8 billion was recorded last year.
On the revenue side total underlying tax receipts amounted to €105.7 billion in 2025, an €8.6 billion (8.9 per cent) increase on 2024.
In terms of direct taxes income tax receipts of €36.6 billion are up on the previous year by €1.5 billion (4.3 per cent) reflecting the strength of labour market. Corporation tax receipts amounted to €32.9 billion last year, €4.8 billion (17.2 per cent) ahead of 2024.
In terms of indirect taxes, VAT receipts for the year amounted to €22.9 billion, €1.1 billion (5.1 per cent) higher than 2024, demonstrating the resilience in consumption. Excise receipts were €6.5 billion, up by €0.2 billion (3.0 per cent).
Non-tax revenue in 2025 was €3.5 billion, up by €1.9 billion on 2024, largely driven by transfers to the Exchequer arising from the CJEU judgement (mainly interest payments).
Total gross voted expenditure amounted to €109.4 billion, €5.7 billion (5.5 per cent) ahead of 2024 and €0.6 billion (0.5 per cent) behind profile.
In terms of the bottom line, an underlying Exchequer surplus of €3.8 billion was recorded in the year, an improvement of €2.0 billion on the previous year (the headline surplus was €7.1 billion).
Tánaiste and Minister for Finance, Simon Harris T.D. said:
The Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation, Jack Chambers T.D. said:
ENDS
Notes to editors:
Unless stated, all figures in this press release exclude the impact of the Court of Justice of the European Union (CJEU) ruling of September last year.
In 2025 €3.3 billion was received (€1.7 billion in corporation tax receipts and €1.6 billion in non-tax revenues) in the first half of the year.
Fiscal Monitor December 2025
Analytical Exchequer Statement December 2025
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New York Stock Exchange Partners with America250 to Mark America’s 250th Anniversary
WASHINGTON, D.C. (January 5, 2026) — America250, the nonpartisan organization charged by Congress to lead the commemoration of the signing of the Declaration of Independence, today announced a partnership with the New York Stock Exchange (NYSE) to support nationwide programs and initiatives that reflect on America’s economic history, civic values, and future aspirations ahead of the nation’s 250th anniversary on July 4, 2026.
For more than two centuries, the New York Stock Exchange — the world’s largest stock exchange — has grown up alongside our nation, with our markets and country evolving together since George Washington was sworn in as our first President at Federal Hall on Wall Street, the site of America’s first capital.
As the nation stands on the cusp of its 250th anniversary, this partnership will highlight the role of entrepreneurship, free markets, and innovation in shaping the American story — while inspiring future generations to participate in the nation’s economic and civic life.
“America250 is honored to partner with the New York Stock Exchange, an institution that reflects the dynamism and enduring strength of the American economy,” said Rosie Rios, Chair of America250. “This partnership will help us tell a more complete story of our nation — one that recognizes how economic participation and innovation have empowered generations of Americans and will continue to shape the next 250 years.”
As part of the collaboration, NYSE will support America250 initiatives that elevate financial literacy, spotlight American companies and workers, and connect historical reflection with forward-looking conversations about economic opportunity.
“For nearly two and a half centuries, the New York Stock Exchange has played a central role in America’s growth, prosperity and evolution,” said Lynn Martin, President, NYSE Group. “As we approach this historic milestone, we are proud to partner with America250 to celebrate the principles that have powered the world’s most dynamic economy — opportunity, resilience and a commitment to innovation — and continue to define our nation.”
The partnership will culminate in NYSE’s participation in major America250 milestones and events throughout 2026, offering Americans meaningful opportunities to reflect on the nation’s past and envision its future.
About America250 America250’s mission is to celebrate and commemorate the 250th anniversary of the signing of the Declaration of Independence, marking America’s Semiquincentennial. We aim to inspire our fellow Americans to reflect on our past, strengthen our love of country, and renew our commitment to the ideals of democracy through programs that educate, engage, and unite us as a nation. America250 will foster shared experiences that spark imagination, showcase the rich tapestry of our American stories, inspire service in our communities, honor the enduring strength, and celebrate the resilience of the United States of America.
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Kensington Palace declines to comment as Princess Kate caught in AI scandal
Prince William and Princess Kate’s office refuses to comment on the latest scandal Prince William and Princess Kate’s office is keeping mum about a new AI scandal.
According to reports, images falsely depicting the Princess of Wales in minimal clothing were generated using Grok, an artificial intelligence chatbot connected to Elon Musk’s social media platform X, prompting regulatory scrutiny in the UK.
The controversy erupted after users discovered the AI tool could be prompted to manipulate real, publicly available photographs to produce realistic-looking images of women appearing undressed or placed in sexualised scenarios. Catherine is reportedly among thousands of women and children affected, intensifying concerns about the growing misuse of artificial intelligence.
UK media regulator Ofcom has since confirmed it is assessing whether the platform is complying with online safety laws. An Ofcom spokesperson said the watchdog had made “urgent contact” with X and its AI arm, xAI.
“Tackling illegal online harm and protecting children remain urgent priorities for Ofcom,” the spokesperson said. “We are aware of serious concerns raised about a feature on Grok on X that produces undressed images of people and sexualised images of children.”
“Based on their response, we will undertake a swift assessment to determine whether there are potential compliance issues that warrant investigation,” the statement added.
Kensington Palace declined to comment when approached, per Express UK.
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EY renews lease on London headquarters | EY
EY has renewed the lease of its One More London Place headquarters until 2040, marking the firm’s continued investment in London as a place to do business.
One More London Place (1MLP) is the UK and Global headquarters of EY and home to more than 8,000 people. The lease on the building was due to expire in 2028 and has been renewed due to its unique proposition, with a prime location and excellent transport links.
EY has 20 offices across the UK, with a second London-based office in 25 Churchill Place in Canary Wharf, where its UK Financial Services business is predominantly based.
Anna Anthony, EY UK & Ireland Regional Managing Partner, said: “Extending the lease on this iconic building marks our continued investment in London and confidence in the capital as a place to do business. We are retaining a fantastic building, in a prime location, which will continue to provide a great place to work for our people.”
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Delta CIO Rahul Samant to retire after leading technology transformation
Amala Duggirala will join Delta as Chief Digital & Technology Officer, taking responsibility for a combined technology and digital function.
Delta CEO Ed Bastian sent the following memo to employees, announcing the retirement of Rahul Samant, E.V.P. and Chief Information Officer, after 10 years of service. He also announced Amala Duggirala will join the airline as its new Chief Digital & Technology Officer.
Rahul Samant retirement
After a decade leading our technology transformation as E.V.P. and Chief Information Officer, Rahul Samant informed me a few months ago of his plans to retire from Delta, effective March 1.
During his years of service, Rahul focused on delivering secure and reliable IT services across the company, fostering a culture of innovation, and developing the next generation of technology leaders. He has overseen significant improvements in the reliability and resiliency of Delta’s vast technology environment, while delivering new data and analytics capabilities in our customer and front-line employee facing technology.
Rahul’s accomplishments include migrating Delta’s systems and data to the cloud, developing a new Data Center, and establishing a world-class information security team. Rahul also oversaw the launch of Delta’s AI journey, with the beta rollout of Delta Concierge and optimizing AI to support our operation, among other initiatives.
Most importantly, Rahul always strived to elevate and foster Delta’s unique people-focused culture. Thanks to his service, Delta today is a global leader in technology and innovation and is well-positioned for the years ahead.
With Rahul’s departure, Amala Duggirala will be joining Delta as our Chief Digital & Technology Officer, taking responsibility for a combined technology and digital function.
Amala, who most recently served as E.V.P. and Chief Information Officer at USAA, has led digital transformations for major brands including Regions Bank and ACI Worldwide. She is known for her strategic, long-term thinking as well as the depth of her technical expertise.
Amala shares Delta’s core values of always putting people first, understanding that the true value of innovation comes from empowering our people.
Like most of us, Amala is an enthusiastic traveler who loves trekking historic sites. She will be relocating to Atlanta with her husband and mother. Her first day will be Jan. 12.
Amala will report directly to me and will be a member of the Delta Leadership Committee. Eric Phillips, S.V.P. and Chief Digital Officer, will report to Amala as she oversees our technology and digital efforts. Unifying our commercial digital products with our enterprise technology foundation will help us accelerate our journey as a technology-driven consumer brand.
Please join me in thanking Rahul for his decade of service to Delta, and in welcoming Amala to the team. As we begin our next century of flight together, I’m confident that our best years lie ahead, thanks to our deep bench of leadership talent and – most important of all – the skill and dedication of our 100,000 people worldwide.
Ed
© 2026 Delta Air Lines, Inc.
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NRC Greenlights Constellation’s $167 Million Digital Modernization Plan for Limerick Clean Energy Center; State-of-the-Art Technology Upgrades Will Enhance Reliability, Diagnostic Capability and Cyber Resilience
BALTIMORE (Jan. 6, 2026) — Constellation (CEG: Nasdaq) today announced the U.S. Nuclear Regulatory Commission (NRC) has approved a License Amendment Request for the Limerick Clean Energy Center’s Digital Modernization Project, a first‑of‑its‑kind upgrade across major control and protection systems that will enhance reliability, diagnostic capability and cyber resilience at one of the nation’s top-rated nuclear facilities. This approval comes at a critical time as Constellation works to preserve and expand nuclear generation in Pennsylvania.
The Digital Modernization Project replaces select analog instrumentation and control equipment with state‑of‑the‑art digital platforms designed to improve equipment monitoring, provide a broader range of automation and support additional operational flexibility with enhanced reliability. These upgrades will help Limerick deliver around‑the‑clock, carbon‑free electricity to power homes, businesses and new data‑driven industries that are creating jobs in the region. This is the first large-scale demonstration of a digital safety system upgrade at an operating U.S. nuclear plant, supported by the U.S. Department of Energy’s (DOE’s) Light Water Reactor Sustainability Program.
“Every dollar we invest to enhance and modernize the nation’s largest nuclear fleet will pay dividends for American families and businesses by creating jobs, keeping costs down, improving reliability and adding much-needed capacity to fuel economic growth,” said Joe Dominguez, President and CEO of Constellation. “With continued support from the Department of Energy, we are investing in our workforce and new state-of-the-art technologies to power the future.”
“This project spotlights how important the ongoing operation of our current nuclear reactor fleet is to our country’s energy security” said Assistant Secretary for Nuclear Energy Ted Garrish. “Upgrading nuclear power plants with advanced digital systems will help ensure that Americans continue to have access to affordable and abundant energy today and in the future.”
The Digital Modernization Project installation will be done in phases and carefully managed to ensure safety and operational continuity. Physical installation of the digital control rooms is planned to occur during upcoming refueling outages. During these scheduled outages, Limerick will welcome thousands of additional skilled craft workers to support the work, providing a boost to the local economy through a surge in spending on lodging, dining and services.
Located along the Schuylkill River in Montgomery County, Pennsylvania (about 35 miles northwest of Philadelphia), Limerick’s two nuclear units provide up to 2,317 megawatts of reliable, carbon‑free electricity, enough to power more than 1.7 million homes. The station supports local jobs and economic activity, while contributing to regional clean‑energy goals.
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Top small business ideas for 2026: Start & succeed
What are the best businesses to start in 2026?
Small business owners are heading into a year of nonstop change. New tech, shifting workforce expectations, and evolving customer behavior are rewriting the rules. Supply chain disruptions have exposed real gaps, pushing more businesses toward local sourcing, sustainability, and circular models.
AI is no longer a “big business” advantage; it’s becoming table stakes. Companies of every size are using it to work faster, market smarter, and serve customers better. That shift is opening the door for consultants and service providers who can help businesses get it right.
Customers are changing too. Gen Z and Gen Alpha are gaining buying power, and they expect authenticity, transparency, and shared values. They discover brands on social media, not through traditional ads, and they support businesses that build real communities.
In 2026, the winners won’t be the biggest; they’ll be the most focused. The small businesses that thrive will solve real problems, save people time or money, and serve a clear niche better than others.
With these trends in mind, here are some strong business ideas for starting your own business in 2026.
Wellness business ideas
Wellness is a top priority for today’s consumers, with U.S. spending exceeding $500 billion annually. Younger generations are driving much of this growth, creating strong opportunities for small business owners to enter or expand into the wellness space.
Here are several wellness business ideas well-suited for small businesses:
- Clean beauty products: Growing demand for safe, non-toxic, ingredient-transparent products.
- Health coaching: Personalized diet and lifestyle guidance offered in person or online.
- Mobile pet grooming: A convenient, in-home service that supports pet health and hygiene.
- Personal training: Fitness coaching that goes beyond workouts to include nutrition and lifestyle support.
- Massage therapy: Increasingly popular for stress relief and holistic wellness.
- Sleep consulting: Helping families establish healthy sleep routines for children.
- Yoga and meditation: Classes focused on stress reduction, mental health, and balance.
- Medical supply business: Rising demand driven by an aging population.
Each of these ideas meets real consumer needs while offering flexible, scalable options for small business owners.
Digital technology-focused businesses
Digital and technology services remain in high demand as businesses work to stay competitive. Customers now expect smooth online experiences, personalized communication, and seamless transitions between digital and in-person interactions. To meet these expectations, many businesses need help integrating systems and managing technology effectively.
Spending on AI, cybersecurity, and cloud services is expected to grow in 2026, as these tools are increasingly seen as essential, not optional, for security, efficiency, and growth. This creates strong opportunities for skilled service providers.
Here are several digital and technology business ideas well-suited for small businesses:
- AI consulting: Helping businesses adopt AI to improve efficiency, decision-making, and customer experience.
- Cloud modernization services: Updating and optimizing existing cloud systems to better support business needs.
- Digital marketing consultant: Using digital channels to attract, engage, and retain customers.
- Managed IT and cybersecurity services: Providing ongoing IT support, security monitoring, and scalable solutions.
- Web and software development: Building custom websites, apps, and tools tailored to specific business processes.
These service-based businesses offer high demand, recurring revenue potential, and strong growth opportunities for small business owners.
Sustainable business ideas
Sustainability is no longer optional; it’s an expectation. Businesses that prioritize transparency, ethical practices, and sustainability are better positioned to attract both customers and employees who share those values.
Here are a few sustainability-focused business ideas for small business owners:
- Sustainable clothing boutique: Featuring local designers and curated vintage pieces as an alternative to fast fashion.
- Eco-friendly dry cleaning: Using non-toxic, environmentally safe cleaning methods instead of traditional chemicals.
- Sustainable landscaping: Offering water-efficient, low-maintenance landscaping solutions that support soil health and conservation.
These ideas allow small businesses to meet growing demand while making a positive environmental impact.
Food and drink business ideas
Food and drink trends in 2026 are being shaped by global flavors, hyper-regional cuisine, health-focused menus, and nostalgic comfort foods. At the same time, customers are looking for more than just a meal, they want memorable, shareable experiences.
Successful food businesses are leaning into immersive, social-media-friendly concepts while creating community-focused “third spaces” where people can gather, connect, and return regularly.
- Bakery
- Bookstore café
- Coffee and vinyl shop
- NoLo (no and low alcohol) liquor store or bar
- Personal chef
- Supper club
Business ideas for creatives
Below are some ideas for creative professionals, whether your skill is content creation, design, or photography, there are lots of options for turning your passion into a business:
- Bridal stylist
- Event planner
- Graphic designer
- Hairstylist
- Influencer/Digital creator
- Interior design
- Photography
- Video production
Businesses to start with little or no money
Starting a business doesn’t always require startup funds. For example, service-based businesses can be started with little capital, especially if you work from home. Consider the following:
- Bookkeeper
- Business consultant
- Dropshipping
- Freelance writing
- Online tutoring
- Print on demand
- Senior concierge
- Virtual assistant
Passive income
Passive income is money that can be generated without effort. It can take time to establish this business model successfully; however, once you have passed the startup phase, you can generate recurring revenue with minimal effort. Below are some passive income ideas:
- Airbnb or short-term rental
- Self-storage
- Vending machines
Home services
Homeowners are always on the lookout for trusted contractors who can help them maintain, repair, and upgrade their property. Once established, you can continue to build your business through referrals and repeat customers. Here are some ideas:
- Cleaning company
- Handyman or contractor
- Home automation
- Painting contractor
- Plumbing
Physically active jobs
If you don’t want to be tied to a desk all day, these businesses are some possible options:
- Delivery company
- Pet sitting and walking
- Moving company
Time-tested business ideas
To close out our list, here are some business ideas that have been tested over the years and remain in high demand:
- Auto repair
- Car wash
- Childcare
- Franchise business
- Laundromat
- Property management
- Real estate
- Trucking
What makes a good small business idea?
A strong business idea solves a real problem, offers clear value, can be profitable, and is realistic given your time, budget, and skills. The most successful small businesses focus on everyday needs and challenges people have.
Before moving forward, research your idea. Define your target customer, understand your industry, and study your competitors to identify opportunities and gaps in the market.
Finally, consider the current economy. Pay attention to where consumers are spending, or cutting back, and be ready to adjust your offering or messaging. Even in slower economic periods, adaptable businesses can find new opportunities.
How do you start your own business with no money?
Starting a business with little or no money can be challenging, but it’s possible with the right approach. Many low-cost and free resources – such as online courses, tools, and small business support programs – can help you get started without a large upfront investment.
Focus on business ideas with low startup costs that leverage your existing skills and experience. Do basic market research to understand your target customers, their needs, and the competitive landscape. Create a simple business plan that outlines what you offer, how you’ll operate, and how you plan to grow.
Finally, explore financing options like microloans, crowdfunding, and small business grants, and make sure you understand the legal requirements for starting and running your business.
Read How to start a business with little or no startup money to learn more.
Should I form an LLC for my new business?
There’s no single “right” time to form an LLC or incorporate, but certain situations make it smart to do it sooner rather than later, including:
- Entering into contracts
- Defining ownership or partner roles
- Limiting personal liability
- Hiring employees
- Applying for loans or financing
- Raising capital
- Protecting intellectual property
- Building credibility with customers and partners
Forming a legal business entity can provide structure, protection, and confidence as your business grows.
For more information, see When to incorporate or form an LLC.
Are you ready to start your own business?
BizFilings is dedicated to starting a business easier so you can focus on doing what you love. For more information, check out our Incorporation Wizard or contact us today.
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FTC Issues Biennial Report to Congress on the National Do Not Call Registry
The Federal Trade Commission issued its biennial report to Congress on the National Do Not Call (DNC) Registry that shows consumers placed more than 258 million telephone numbers on the Registry as of the end of fiscal year 2025, an increase of more than 4.8 million from the previous fiscal year.
The report also notes the FTC received more than 2.6 million Do Not Call complaints in fiscal year (FY) 2025 — an increase from the previous fiscal year — with consumers mostly reporting these violations came via robocalls, as opposed to live telemarketing.
Debt reduction schemes, imposters (calls pretending to be government, business, or family and friends), and medical and prescription inquiries led the list of commonly reported unwanted telemarketing calls in FY 2025, followed by calls related to energy, solar, and utilities, as well as home improvement and cleaning services.
The FTC continues to track how technology affects the Registry and the consumers and telemarketers who access it. For many years, telemarketers have used automated dialing technology to make pre-recorded calls, commonly known as robocalls. Such calls can be made in large numbers with little expense, leading to a significant increase in telemarketing robocalls, including illegal robocalls. While the number of consumer complaints about illegal telemarketing robocalls steadily decreased from FY 2017 through FY 2024.
While the number of complaints about robocalls ticked up in FY 2025, reports remain substantially lower than their peak in FY 2017. This is due to a range of FTC law enforcement strategies, including the pursuit of Voice Over Internet Protocol (VoIP) providers that facilitate illegal calls, according to the report. The FTC also sued dialing platforms and soundboard technology providers that helped provide the software used to blast consumers with illegal robocalls.
Since the Registry was established in 2003, the FTC has filed 173 lawsuits against 570 companies and 449 individuals alleged to be responsible for making billions of unwanted telemarketing calls to consumers, collecting nearly $400 million from these violators.
The report also discusses the FTC and FCC’s work to help end caller ID spoofing, the implementation of strategies to combat the technologies that telemarketers use to make illegal calls, and several initiatives designed to spur the development and availability of technology to protect consumers from illegal calls.
Finally, the report discusses the FTC’s support of new technologies, particularly call-blocking and call-filtering products. All major voice service providers now offer call-blocking and call-filtering products to all or some of their consumers. The FTC has taken measures to support analytics companies and voice service providers with their call-blocking and call-filtering technologies by releasing a daily list of Do Not Call and robocall complaints, including caller ID numbers, the dates and times of the unwanted calls, and other relevant information. Several firms have reported that this daily data has improved their ability to identify abusive and fraudulent calls.
The Commission also publishes an annual Do Not Call Registry Data Book that provides substantial detail on registration numbers and other statistical information about the Registry.
The Commission vote approving the report and its submission to Congress was 2-0.
The lead staffer on this matter is Ami Dziekan of the FTC’s Bureau of Consumer Protection.
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Nationwide Fairer Share 2026 – how to max your chances
For the past three years Nationwide has given some existing customers a £100 ‘Fairer Share’ bonus. It’s likely, though not guaranteed, to do the same again this year. In previous years, the scheme has been announced in May and paid in June, though whether you got it depended on if you met the qualifying criteria in the first three months of the year – so now’s the perfect time to maximise your chances.
Last year, a total of £400 million was paid to four million Nationwide members; the year before that it was £385 million to 3.85 million people.
We don’t yet know if Fairer Share payments will definitely happen again in 2026 – Nationwide told us that, as in previous years, the final decision “will be announced as part of [its] full year results in May”.
See below for what you’ll need to do to get the payment if you’re an existing customer. If you’re not an existing customer, we’ve got full details on how to get it by switching.
Nationwide customer? What to do depends on your account
Assuming the building society keeps the same criteria as last year (there are no guarantees, but it’s a decent bet):
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Firstly, don’t close your Nationwide current account. Well, at least not until 31 March 2026.
AND…
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Secondly, use your current account in the first three months of this year. For this step, what you’ll need to do to qualify depends on which current account you have…
Account
What to do
FlexAccount, FlexBasic or FlexDirect
EITHER… In two of the first three months of this year, pay IN at least £500 (this could be your salary, for example) AND make two payments OUT of your account;
OR… In two of the first three months of the year, make 10+ payments OUT of your account;
OR (if you can’t do the above)… Between 1 January and 31 March 2026, complete a full current account switch from another provider to Nationwide.
FlexOne, FlexGraduate or FlexStudent
EITHER… Make a payment IN or OUT of your account in March 2026;
OR… Complete a full current account switch to Nationwide FlexOne or FlexStudent (not FlexGraduate) between 1 January and 31 March 2026.
FlexPlus packaged account
Just pay the monthly fee.
AND…
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Finally, ensure you have at least £100 in savings OR owe at least £100 on a mortgage with Nationwide in March 2026. If you don’t have either of those, stick £100 (or maybe £200 to be safe in case it changes its terms) into one of its savings accounts.
A good option could be Nationwide’s Flex Regular Saver – this is one of our top picks for regular savings and pays 6.5%, more than standard easy-access accounts. It’s designed for you to pay in up to £200 a month for a year, but you don’t have to – you could just make one deposit and withdraw it later (the account allows up to three penalty-free withdrawals a year).
Not with Nationwide? Get £175 to switch to it
If you’re not already a Nationwide customer, here’s what you can try:
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Firstly, switch your current account to Nationwide by 31 March 2026. Nationwide currently pays new switchers to its FlexDirect account a FREE £175, plus 5% interest on up to £1,500 held in the account and up to £5 a month cashback on debit card spending for a year. Other banks also pay from £175 up to £250 to switch, but Nationwide’s strong combo of perks makes it a good all-rounder.
Plus, if Nationwide keeps the same eligibility criteria as previously, it’s easier to get the Fairer Share payment by switching than it is being an existing customer, as fewer rules apply.
You must use the official Current Account Switch Service (CASS) by requesting the switch through Nationwide. You’ll see the option to do this when applying. For more info, see our bank switching need-to-knows.
(Alternatively, if you have a young person’s or student bank account elsewhere, you could switch using the CASS to a Nationwide FlexOne account (for those aged 11 to 17), or to a Nationwide FlexStudent account – but neither of these currently pay any switch bonuses, and you should check the accounts are suitable for you before making the move.)
AND…
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Secondly, stick £100 (or £200 to be even safer) into a Nationwide savings account OR owe at least £100 on a Nationwide mortgage in March 2026. As set out above, a good option could be its Flex Regular Saver – this is one of our top picks for regular savings and pays 6.5%, more than standard easy-access accounts. It’s designed for you to pay in up to £200 a month for a year, but you don’t have to – you could just make one deposit and withdraw it later (the account allows up to three penalty-free withdrawals a year).
For alternative bank switches, including a free £250 plus fee-free spending overseas from Lloyds, see our Best bank accounts guide.
Any payment will likely be treated as savings income for tax purposes
In 2023, 2024 and 2025, the £100 Fairer Share payment was taxable savings income, so it was treated in the same way as any interest you earned on your savings account or current account.
If this happens again, most people won’t have to pay tax on the reward, thanks to the personal savings allowance that allows basic-rate taxpayers to earn up to £1,000 a year from savings tax-free. But if you’re a higher-rate taxpayer and/or you have a substantial amount in non-ISA savings, you may have to pay tax on the £100 bonus.
For those who don’t file self-assessment returns to pay their taxes each year (which is most people), then you won’t need to do anything as Nationwide will report the bonus to HMRC automatically for you. However, if you’re in the self-assessment system, you will need to include any payment in your tax return.
Watch Martin’s savings interest video for full details on who pays savings tax, how you pay it if you owe it and, crucially, how to (legally) reduce the amount of tax you pay.
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