Tag: income tax
HMRC alert for Brits earning more than £50,000 – ‘you will need to do this’
HMRC has instructed people who earn over £50,000 to complete one task starting from one upcoming date. It marks the “biggest” change in 30 years. …
Personal tax threshold £12.570 update as ‘1.3m extra’ get HMRC letters
Tax freeze has seen dramatic increase in numbers of people paying more including pensioners and savers, say experts …
Tax-free Personal Allowance increased to £16,320 for HMRC self-assessment households
HMRC will give you a £16,320 allowance tax-free legally if you submit a self-assessment tax return this January, shared with a partner. …
Brits earning £50,000 urged to make ‘overlooked’ pension move – ‘need to claim it’
Hundreds of thousands of higher and additional rate taxpayers miss out every year. …
Martin Lewis issues £100 HMRC fine warning with January deadline
The Money Saving Expert has warned that as many as 5.6 million people could be at risk of the fine. …
Martin Lewis gives HMRC alert highlighting key £10,000 savings threshold
Personal finance expert said anyone getting a letter ‘has to do it even if you think you don’t have to’ …
Tax threshold freeze lands 1.3m with surprise demands from HMRC
Simple assessments are issued when tax cannot be collected automatically through PAYE …
Stealth tax shock for savers as surprise demands jump to £920
Figures released by HMRC show a sharp rise in so-called simple assessments …
Warning tax threshold rules for UK ‘could cost families £500 a year’
The freeze was brought in by the Conservatives in 2021-22 and extended to 2028 …
Martin Lewis warning to anyone with savings over £20,000
Personal finance expert Martin Lewis has warned savers about when their savings interest could be taxed and explained the personal savings allowance thresholds …
