Tag: income tax
Brits could end up paying up to £21k more tax in 2025 – 5 ways you can slash your bill
If you plan on buying a house next year, and/or stand to inherit some money, you could end up paying an estimated £21,071 extra in tax. …
Pensioners hit by ‘retirement tax’ bills swamp HMRC call centre
A decision to freeze the threshold at which people start paying tax at £12,570 means more retired people are being hit by a tax demand …
Martin Lewis issues warning to anyone giving money to their kids this Christmas
Parents could find themselves stung with an unexpected tax bill from HMRC, Martin Lewis has warned. …
State pensioners get £252 after using little known but legal HMRC loophole
State pensioners can get £252 back with a fully legal HMRC loophole. …
HMRC issues ’30-day’ deadline as it sends out letters to taxpayers
The letter includes a warning to provide information on any income received through rent from letting out a property …
Labour claims it’s ‘protecting’ workers but you’ll have to wait four years for tax break
An MP asked the Government about how many people would be dragged into paying tax when changes come in next year …
Exact date state pensioners will start paying tax on £12,578 after Triple Lock rise
State pensioners will begin to owe tax on their pension income alone. …
Finance expert warns pensioners face eyewatering 70% tax on pensions after Budget
State pensioners and their families will be forced to pay an eyewatering 70.5 percent tax rate on their pensions, a financial expert has warned. …
Income tax cut, NI slashed and VAT down – What Rachel Reeves’ Budget didn’t do
This Budget marks the highest tax increase we’ve seen in decades despite income tax, NI and VAT remaining unchanged for “working people”. …
Parents set to lose £20,000 after Wednesday Labour Budget due to tax loophole
Labour’s Budget is set to maintain £20,000 losses for working parents on a certain income level. …
