Tag: income tax
HMRC £10 a day penalties to be charged to thousands of people
The penalties and fees are piling up for some people …
Wealthy over-85s hit hardest by pension tax trap
Analysis reveals that 46% of people aged 85 to 89 now exceed the personal tax-free allowance of £12,570 …
Rachel Reeves pledged no new taxes – in six months time she’ll break that promise too
Chancellor Rachel Reeves would like us to believe that she won’t have to hike taxes in her autumn Budget. …
Millions of state pensioners issued HMRC warning
Many more state pensioners could soon be hit with a tax “they won’t see coming”. …
New HMRC rule is ‘biggest change to personal tax’ in 30 years
Making Tax Digital for Income Tax is set to affect millions of self-employed individuals and landlords – and experts warn it will be a ‘significant shift’ …
HMRC warning to state pensioners earning over £597
State pensioners could start losing 20% of their income from this month if they earn over £597. …
HMRC pension tax overpayment update, find out if your tax code means £3k refund
HMRC is overhauling the way pensioners are taxed after over 15,000 overpayment claims totalling £44 million, were processed between January and March 2025. …
Surge in pensioners using £10k ‘recycling loophole’ to avoid tax
One provider is seeing a growing number of retirees apparently paying back into their own pension to save tax. …
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. …
