Tag: HMRC
Pensioners can avoid ‘unexpected’ HMRC bill by spending £1
HMRC will send letters to pensioners with an unexpected bill – but you can avoid it by spending £1. …
Workers could lose £560 each year in HMRC tax loophole change
Workers face losing £560 each under proposals put forward by HMRC to end two legal methods to avoid tax. …
Call to 670,000 people who could be charged up to £420 to access their own money
The alert was issued following a ban on three adverts by a finance firm promising prospective customers they had ‘nothing to lose’ …
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. …
