Tag: income tax threshold
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 …
State pensioners given £241 payment as new pension rates confirmed
Pensioners will receive a significant payment boost thanks to the triple lock. …
Older state pensioners missing out on £575 triple lock boost
Older state pensioners will not get the full £575 triple lock boost that new state pensioners will in 2026. …
State pension warning as savers on brink of paying tax – ‘triple lock must be scrapped’
Calls for the state pension to be reformed are growing. …
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. …
