Tag: Personal allowance
Push to raise income tax threshold from £12,570 to £45,000 – new HMRC update
The government is due to respond to a new petition which says current income tax threshold “has been kept unreasonably low for far too long” after it gained more than 10,000 signatures …
HMRC £5,000 savings account warning as Brits could face bill over ‘limits’
Officials have given advice to savers who are looking to build up a nest egg in their savings account – but many may not be aware of the ‘personal limits’ …
State pensioners get £252 after using little known but legal HMRC loophole
State pensioners can get £252 back with a fully legal HMRC loophole. …
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. …
Pensioners’ tax fears as allowance to remain frozen until 2028
The Government has confirmed that the Personal Allowance threshold is to remain frozen at £12,570 until 2028 – meaning millions could be dragged into tax …
21 HMRC payslip codes that may mean you’re owed money
Here’s everything you need to know about the tax code on your payslip – and why it could mean you can claim cash back from HMRC. …
Workers with this code on payslip set to lose £1,500 each
Workers who have this code on their payslip could be set to lose another £1,500 each. …
State pensioners earning £1,068 warned they owe tax to HMRC
State pensioners who earn £1,068 or more have been warned they will owe money to HMRC this year. …
HMRC issues warning over tax codes as some workers are paying too much
The group told a taxpayer they may need to call number to resolve the issue. …
HMRC warning to state pensioners with £7,500 in savings account
State pensioners with £7,500 in savings could run into tax trouble with HMRC this year. …
