Tag: fiscal drag
Thousands more state pensioners facing ‘unexpected’ HMRC bill in the next nine months
The annual state pension increase could be pushing pensioners into HMRC’s remit …
Rachel Reeves steps up tax war on poorest pensioners – shock bills land soon
Even more low income pensioners have been dragged into HMRC’s tax net, thanks to chancellor Rachel Reeves. …
Hundreds of thousands of pensioners hit with surprise HMRC tax bill
Over 750,000 more pensioners will pay income tax, according to reports. …
Personal tax allowance increase to £20,000 update ‘in days’ in Commons showdown
Rachel Reeves’ Treasury will have to explain why it refuses to raise the controversial ‘fiscal drag’ threshold, which ‘targets the poor’ in the House of Commons …
State pensioners urged to do one thing now to secure extra £694.43
Brits face a looming ‘stealth tax’ and have been advised to act quickly. …
Rachel Reeves’ stealth tax raid that will cost pensioners £3,000
Rachel Reeves has said the income tax threshold will remain frozen until April 2028, with pensioners forced to pay more in a ‘stealth raid’ many won’t have planned for. …
State pensioners to be hit with stealth tax raid as HMRC data shows millions affected
HM Revenue and Customs has revealed the freeze on thresholds will mean 17.9 million Brits being dragged into paying the basic rate of tax. …
Government confirms 2025 pension rate rise date as Liz Kendall issues triple lock update
State pensioners could see an extra £472 a year, officials from the Department for Work and Pensions said …
Rachel Reeves stealth tax bombshell as Brits slapped with £50bn bill
Chancellor Rachel Reeves has hit households with a £50bn tax bill. …
Personal tax allowance £20,000 call hits major threshold as Keir Starmer questioned
For millions the £12,570 barrier has been frozen since 2021, pulling millions of low-wage earners into the income tax net through ‘fiscal drag’ …
