Tag: income tax
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. …
Tax codes explained as workers urged check payslips to avoid overpaying HMRC
The start of the new tax year could see new mistakes being made on your payslip …
HMRC issues letters with new tax codes to UK households – what they mean
Britons are urged to be proactive and check if they’re on the right tax code. …
State pensioners to be hit with stealth tax raid as HMRC data shows millions affected
HM Revenue and Customs has revealed the freeze on thresholds will mean 17.9 million Brits being dragged into paying the basic rate of tax. …
HMRC cuts tax-free Personal Allowance for people with letter K on payslip
If you have a letter K on your payslip you could be made to pay more tax to HMRC. …
HMRC cuts tax-free Personal Allowance to £11,000 with one tax code change
HMRC can cut your tax-free Personal Allowance down from £12,570 to £11,000 or even less if you have certain workplace benefits with one tax code change. …
Every UK worker sent letter with code to check if you’re owed cash
Workers are being sent letters with a code you need to check to see if you’re owed money back. …
