Tag: income tax
State pensioners given two-year warning over tax letter
A new tax bill is being issued to some state pensioners and it could be a “shock to many” as the cost of living continues to bite …
Labour’s hidden 60% tax trap that leaves 700k Brits worse off than higher earners
The number of workers “punished” by this tax trap has nearly doubled since 2018. …
HMRC issues one-week deadline to taxpayers – ‘check here’
HM Revenue & Customs has taken to X to announce the deadline for anyone completing a self-assessment tax return for the first time. …
Chancellor Rachel Reeves gives update on income tax threshold £50,270 ahead of Budget
The lowest personal tax allowance has remained frozen at £12,570 since 2021 – a situation which has been branded as ‘ridiculous’ …
HMRC issues Income Tax warning to people earning over £20,000
Those earning over £20,000 from certain income sources will have to make a change by the deadline, HMRC says. …
Poorest households hit hardest as damning new data shows income falls in real terms
Income inequality between the richest and the poorest has also widened. …
Tax increase for pensioners due to Rachel Reeves NI change – experts give verdict
EXCLUSIVE: Financial experts at AJ Bell have given their verdict on proposed changes to National Insurance and Income Tax which would hit pensioners. …
Pensioners urged to do 1 thing if they missed Winter Fuel Payment deadline
Pensioners who wanted to opt out of the Winter Fuel Payment should have done so by September 15. …
Pensions raid fear as HMRC moves to scale back tax breaks
The tax authority has launched research into salary sacrifice arrangements …
Petition to stop Reeves’s inheritance tax on pensions hits major new milestone
Campaigners have branded the policy change “unfair”, arguing that it disincentivises people from funding their pensions. …
