Tag: income tax
Tax freeze sees 1m extra pensioners hit by income tax – as £20 a month alert issued
HMRC figures show 8.16 million pensioners paid income tax in 2023-24, over a million more than the previous year …
Triple Lock State Pension rise narrows gap to frozen tax threshold for pensioners
The increase to the State Pension under the Triple Lock has been welcomed by many pensioners …
New HMRC personal tax allowance update after Reeves decision ‘means it’ll get worse’
The threshold hasn’t changed since 2021 and isn’t set to for another five years …
Tax threshold £12,570 freeze update as £220 alert issued and £18k plan gets backing
Labour’s decision to freeze income tax thresholds is set to wipe out a £117 reduction in household energy bills says study …
People earning £50,270 urged to make key pension check to ‘keep more money’
An expert has offered key advice on how to reduce the impact of moving into the 40% tax band. …
HMRC 11-day tax warning to people earning £50,000 or more
Taxpayers with certain sources of income are urged to check whether they’re subject to new tax rules coming into effect in days. …
State pensioners born before 1960 to receive new DWP letter
State pensioners can await some good news in April. …
UK households urged to act before April or face 60% income tax
A tax trap loophole will see many UK households pay 60% tax – but they have time to fix it before April. …
HMRC warning as taxpayers told ‘don’t get caught out’
HM Revenue and Customs warned that “you may be at risk” of tax avoidance schemes. …
Tax rule changes for nearly one million Brits starting from April
HMRC is offering various free support resources to assist with preparation …
