Tag: pension
Pensioners can avoid ‘unexpected’ HMRC bill by spending £1
HMRC will send letters to pensioners with an unexpected bill – but you can avoid it by spending £1. …
Exact amount you need to retire – and it might be good news for many
The Pensions and Lifetime Savings Association sets three different lifestyles to give people a general indication of what they may be on track for in retirement. …
Couples on State Pension given £1,600 warning
The figure, which relates to income after tax is deducted, is up £1,600 from last year …
Pensioners in three council tax bands could get their Winter Fuel Payments reinstated
The Prime Minister has hinted that the means-testing threshold will be lifted so that more pensioners can receive the money. …
State pensioners born in these years urged to get extra £5,496
State pensioners born in these years can claim a maximum of £5,496 extra per year. …
Workers could lose £560 each year in HMRC tax loophole change
Workers face losing £560 each under proposals put forward by HMRC to end two legal methods to avoid tax. …
HMRC could owe hidden fortunes worth £2,200 to hundreds of thousands
HM Revenue and Customs has confirmed that many thousand of people aged between 18 and 22 have unclaimed savings accounts …
The £1 trick to save pensioners overpaying £2.8k in tax
Thousands of pensioners have been charged more tax than necessary year on year. …
Pensions ‘at risk’ under Rachel Reeves’ plan
The move would see current rules relaxed to allow employers to extract ‘surplus’ cash from final salary pension schemes …
Wealthy families exploiting legal loophole to dodge inheritance tax grab
The Chancellor Rachel Reeves has already confirmed plans to bring untouched pension pots into the inheritance tax net from April 2027 …
