Tag: income tax
DWP state pensioners told don’t be caught out by ‘nasty £3,000 surprise’
A state pension warning has been issued to the hundreds of thousands of Brits who could be impacted by a tax bill in the coming year. …
State Pension £12.5k to £20k tax free threshold update
Petitions are calling for the UK Government to raise the income tax threshold and to stop state pensioners from paying income tax altogether. …
Personal allowance freeze sees pensioners in 40% or 45% tax double
It’s not just income tax that retirees may need to look out for. …
More than 1m pensioners hit by highest tax rates in ‘triple whammy’
The freeze on tax thresholds was first introduced by the Conservative government in 2021 and extended through to 2028 before the last General Election …
Hundreds of thousands of pensioners hit with surprise HMRC tax bill
Over 750,000 more pensioners will pay income tax, according to reports. …
Brits hit with up to £98,000 tax bills for cashing in pensions – how to avoid
Retirement expert Mike Ambery shared five strategies to help retirees avoid becoming “big pension taxpayers”. …
£20,000 income tax ruling as Parliament debates call for allowance hike
Chancellor Rachel Reeves has been urged to raise the amount people begin to pay tax from £12,570 to £20,000 …
Rachel Reeves nightmare as ‘wealthy workers abandon UK’ over tax hikes
The warnings come as projections suggest the Government’s non-dom policy could cost the Treasury up to £12.2billion by 2030. …
HMRC to contact 887,000 savers with over £3,500 in the bank
Many savers may be unaware they’re at risk of a tax charge. …
Personal tax allowance increase to £20,000 update ‘in days’ in Commons showdown
Rachel Reeves’ Treasury will have to explain why it refuses to raise the controversial ‘fiscal drag’ threshold, which ‘targets the poor’ in the House of Commons …
