Tag: fiscal drag
Key details on HMRC personal tax allowance update after Reeves decision
The number of people liable for the higher rate of income tax in the UK has surged by 50% since the start of the decade, according to latest figures from HMRC …
New HMRC personal tax allowance update after Reeves decision ‘means it’ll get worse’
The threshold hasn’t changed since 2021 and isn’t set to for another five years …
Warning over ‘tax trap’ that could lose people £255,000 in pension savings
Experts warned that high earners risk suffering from a hidden tax sting. …
Personal tax threshold £12.570 update as ‘1.3m extra’ get HMRC letters
Tax freeze has seen dramatic increase in numbers of people paying more including pensioners and savers, say experts …
Martin Lewis warning to anyone with savings over £20,000
Personal finance expert Martin Lewis has warned savers about when their savings interest could be taxed and explained the personal savings allowance thresholds …
Increase tax-free Personal Allowance to £13,570 with HMRC side rule
EXCLUSIVE: Tax experts have revealed a tax quirk can add another £1,000 to your tax-free Personal Allowance in any given tax year. …
Update on personal tax £12,570 raise to £20k call as support soars after Treasury response
Pressure is growing on Chancellor Rachel Reeves over tax change described as ‘unfair’ on lowest paid …
Martin Lewis anyone with new state pension tax warning and adds ‘that does feel unjust’
Speaking on his BBC podcast, a listener asked if a £100 private pension would push her over the edge …
Brits urged to make simple change to add £134k to pension
Adding extra earnings such as overtime to a pension can boost your long term savings, new analysis shows. …
Big update on campaign to raise personal tax allowance from £12,750 to £20,000
Growing pressure on Chancellor Rachel Reeves on ‘fiscal drag’ which is making poorest workers pay more …
