March is bringing more than just spring weather—it’s also packed with important financial updates. From tax shifts to new benefit rates and bill changes, there are seven major money moves happening this month that could impact your wallet. Whether you’re budgeting, investing, or just trying to stay ahead, here’s what you need to know.
Seven Major Money Changes Coming This March (And How to Prepare)
Spring isn’t the only thing arriving in March—your finances are about to feel it too.
This month brings seven big money changes that could affect everything from your energy bills to your tax return. Some are seasonal, some are scheduled, and a few might just catch you by surprise if you’re not paying attention.
Here’s your friendly financial heads-up so you can plan, budget, and maybe even save a bit more in March 2025.
1. 🧾 Final Weeks for Tax Filing in the UK
If you’re in the UK and haven’t filed your Self Assessment tax return for the 2023–24 tax year yet (and you missed the January deadline), March is your final chance to do it before penalties escalate.
What to do:
File immediately to avoid extra fines
Pay any outstanding tax owed to avoid added interest
Use HMRC’s online tools for quick filing
2. 📈 State Pension and Benefit Increase Confirmations (UK)
While the new state pension rate kicks in April, March is when the Department for Work and Pensions (DWP) confirms exact amounts for:
Universal Credit
State Pension
Child Benefit
Disability Living Allowance (DLA)
What to do:
Check the updated rates on gov.uk
Adjust your monthly budget accordingly
Make sure you’re receiving everything you’re eligible for
3. 💡 Energy Price Cap Adjustment (UK)
Ofgem announces its April–June 2025 price cap in March, and it’s a big one for millions of households. While prices have been stabilizing, even a small shift affects your monthly energy bills.
What to do:
Compare tariffs to lock in better rates
Apply for any energy support schemes you’re eligible for
Update your direct debit if usage or rates change
4. 💳 US Federal Reserve Interest Rate Decision
The Federal Reserve meets mid-March, and all eyes are on whether it will cut rates for the first time in over a year.
A rate cut would mean:
Cheaper loans and credit cards
Lower mortgage rates over time
More pressure on savings account interest
What to do:
Consider locking in a mortgage or loan if rates drop
Balance borrowing with saving—yields may fall
Watch Fed announcements for timing
5. 🏦 ISA and Roth IRA Deadlines Approaching
It’s your last full month to max out tax-free savings accounts before the end of the tax year (April 5 in the UK, April 15 in the US).
For UK:
Max out your ISA allowance (£20,000 for 2024–25)
For US:
Contribute to your Roth or Traditional IRA ($7,000 limit for under 50s)
What to do:
Check your remaining allowance
Prioritize these over taxable accounts if possible
Don’t wait till the last minute—processing times matter
6. 🛒 Inflation Watch: March CPI Reports
March brings key Consumer Price Index (CPI) releases in both the US and UK. With inflation slowing but still sticky in areas like food, rent, and services, these numbers will shape upcoming interest rate decisions and cost-of-living policies.
What to do:
Follow CPI reports closely (UK: ONS, US: Bureau of Labor Statistics)
Budget for categories still rising in price
Be cautious with big purchases if prices are volatile
7. 💼 Minimum Wage Adjustments (UK and Select US States)
Some UK minimum wage changes take effect in April, but the official confirmation typically drops in March, giving businesses and workers time to adjust.
Several US states also implement mid-cycle minimum wage increases around this time.
What to do:
Check if your pay rate is changing
Employers: prepare payroll adjustments
Workers: understand what it means for your monthly budget
Bonus Tip: Spring Clean Your Finances
With all these updates flying in, March is the perfect time for a financial spring clean.
Review subscriptions
Reassess your savings goals
Automate bill payments
Compare providers for broadband, insurance, and utilities
Final Thoughts: March Money Moves Matter
These seven money changes in March 2025 might sound small on their own—but together, they can have a serious impact on your wallet. Whether it’s a subtle shift in your paycheck, an interest rate tweak, or a benefit bump, staying informed helps you stay ahead.
Take a little time this month to check your financial checklist, and set yourself up for a smoother (and maybe even richer) spring.
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