Tag: personal savings allowance
HMRC sends letters for ‘first time in decade’ to people earning more than £1k from savings
Thousands are receiving unexpected tax bills from the HMRC for the ‘first time’ in more than a decade. …
Savers warned over HMRC surprise taxes amid frozen allowances and rising interest rates
Taxpayers aren’t supposed to register for self-assessment unless prompted by HMRC. …
Martin Lewis issues urgent message to everyone with a Cash ISA
Money Saving Expert founder Martin Lewis is urging those with a Cash ISA to max them out before Sunday. …
Experts say savers in for ‘rude awakening’ as ISA rates set to change
A new survey found people unaware of tax raids on their savings – potentially costing them money …
Rachel Reeves springs Cash ISA trap in brutal three-pronged raid on savers
Chancellor Rachel Reeves is assaulting savers on three fronts. Slashing the Cash ISA is just one of them. …
UK savers face up to £360 HMRC tax bill after Cash ISA change
HMRC tax demands could ask savers to pay up to £360 each. …
How much money you will lose if Cash ISAs slashed to £4,000 by Rachel Reeves
Cash ISA limits could be about to be slashed to just £4,000 by Rachel Reeves, landing UK households with fresh tax bills. …
Martin Lewis gives surprising Premium Bonds warning on savings – ‘not first choice’
Financial guru has issued a warning to savers who use Premium Bonds instead of a bank account to keep their savings safe, saying they should consider other options …
Martin Lewis issues warning to people with more than £10,000 in bank account
Money expert Martin Lewis has warned people who have £10,000 in their savings bank account. …
Martin Lewis says avoid paying tax with two fully legal methods
Martin Lewis says you can avoid paying tax with two fully legal methods. …
