Tag: fiscal drag
£18,000 personal tax allowance update as new milestone follows Reeves response
Workers have not seen an increase for years …
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. …
