Tag: income tax
Martin Lewis pension ’25 percent’ withdrawal warning as he says avoid costly mistake
Many people mistakenly believe they can simply withdraw 25% without any more implications …
£18,000 personal tax allowance update as new milestone follows Reeves response
Workers have not seen an increase for years …
HMRC confirms £200 tax charge rule for UK households
Current HMRC rules means select households face extra tax charges. …
Urgent warning issued for anyone using AI for investment advice
AI can be a useful tool for investors, but financial experts have warned Brits should never rely on it alone for financial advice …
Big update on £18,000 tax threshold change as Rachel Reeves forced to respond
Today, the Treasury issued a formal response as pressure grows as more of the poorest workers get dragged into paying tax …
HMRC gives new response as ‘£100 penalty set to hit one group’
New data has been published …
Key details on HMRC personal tax allowance update after Reeves decision
The number of people liable for the higher rate of income tax in the UK has surged by 50% since the start of the decade, according to latest figures from HMRC …
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 …
