Tag: income tax
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. …
650,000 pensioners risk paying more tax this week after HMRC rules change
The state pension payments from the DWP leapt to £11,973 a year from April. …
Millions of State Pensioners to pay tax after freeze
The UK Government has pledged to maintain the Triple Lock, however, many will instead be thrown into paying more tax due to allowance freezes still in place …
Cash ISA limit rules from April as savers urged ‘open one now’
A Cash ISA allows you to earn interest on your savings that is exempt from income tax. …
State pension warning as 650,000 hammered by ‘retirement tax’ from Sunday
Thousands more pensioners will be forced to pay income tax as new measures come into force this month. …
State pensioners facing ‘retirement tax’ over rise coming in days
Some pensioners already pay tax on their state pension, especially if they have delayed their claim or are eligible for the Additional State Pension. …
