Tag: income tax threshold
State pensioners urged to delay pension due to HMRC tax bills
State pensioners can avoid a HMRC tax bill by delaying their state pension. …
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. …
Martin Lewis issues personal tax allowance alert to state pensioners in new update
Personal finance guru was answering questions on his BBC podcast and highlighted the thresholds which have been frozen since 2021 …
DWP giving people on state pension benefit £1,281 per month from April
State pensioners on the full new DWP benefit will be able to get up to £1,281 per month. …
Income tax threshold raise update as petition passes huge barrier
A surge in support to end the freeze and raise the lowest rate from £12,570 to £20,000 will be considered for a Westminster Hall debate in Parliament …
Plan to raise personal allowance from £12,500 to £20,000 hits major milestone
Campaigners say the move would allow more pensioners a “decent income” as more are dragged into tax brackets. …
Push to raise income tax threshold from £12,570 to £45,000 – new HMRC update
The government is due to respond to a new petition which says current income tax threshold “has been kept unreasonably low for far too long” after it gained more than 10,000 signatures …
State pensioners told why April increase could see some losing income
The state pension will rise by 4.1% in April, however, some pensioners could still see their income fall as a result of the rise …
Brits could face ‘retirement tax’ on state pension in under three years
New forecasts have shown that pensioners are likely to pay a ‘stealth tax’ on their state pension in less than three years. …
