Tag: HMRC
HMRC could owe hidden fortunes worth £2,200 to hundreds of thousands
HM Revenue and Customs has confirmed that many thousand of people aged between 18 and 22 have unclaimed savings accounts …
The £1 trick to save pensioners overpaying £2.8k in tax
Thousands of pensioners have been charged more tax than necessary year on year. …
DWP state pensioners told don’t be caught out by ‘nasty £3,000 surprise’
A state pension warning has been issued to the hundreds of thousands of Brits who could be impacted by a tax bill in the coming year. …
HMRC to send out 6 million unexpected bills to ‘rule break’ UK households
Personal Savings Allowance allows people with savings accounts to avoid paying tax on the first £1,000 of interest. …
The Crusader: Solution for savings interest deadlock brings relief to older customer
If anyone knows the feeling of helpless misery that descends when you’re faced with deadlock it’s Janice Jones who fell into a chasm over taxable interest received on an account that wasn’t hers. …
Brits hit with up to £98,000 tax bills for cashing in pensions – how to avoid
Retirement expert Mike Ambery shared five strategies to help retirees avoid becoming “big pension taxpayers”. …
HMRC could soon send tax letter to anyone with this type of savings account
Savers who have their money in a non-ISA savings account may have to pay tax on some of their interest. …
Parents of teens reminded of HMRC child benefit rule
Parents of with 18 and 19-year olds are being told they can extend their child benefit claim to guarantee payments in September. …
HMRC to contact 887,000 savers with over £3,500 in the bank
Many savers may be unaware they’re at risk of a tax charge. …
People working from home could face surprise repayment bill from HMRC
HMRC is getting stricter after rules for tax relief changed …
