Tag: taxes
HMRC to raid Cash ISAs with £5,000 or more and take money ‘directly’ from account
HMRC will use powers to go into people’s bank accounts to take money from Cash ISAs which have £5,000 or more in. …
HMRC issues Income Tax warning to people earning over £20,000
Those earning over £20,000 from certain income sources will have to make a change by the deadline, HMRC says. …
Poorest households hit hardest as damning new data shows income falls in real terms
Income inequality between the richest and the poorest has also widened. …
HMRC ‘to take cash directly from these accounts’ in new crackdown from today
The policy, which was paused during the Covid-19 pandemic, has been restarted in a “test and learn” phase, HMRC said …
Rachel Reeves told to target wealthy pensioners to fix UK finances
The letter insist that Reeves ‘must find additional tax revenue at the coming Budget’ …
Millions of pensioners could cut tax with one account
The State Pension is set to increase by 4.7% next April, but this could also push more older people into paying tax on their pensions …
Universal Credit boost urged as think tank calls for end to pension triple lock
The think tank also dismissed calls for a new wealth tax …
Pensions raid fear as HMRC moves to scale back tax breaks
The tax authority has launched research into salary sacrifice arrangements …
‘Startling’ rise in pension lump sum withdrawals as Budget tax fears ramp up
Britons accessed a staggering £10billion worth of tax-free pension cash in the six months to March, marking a 72% rise in withdrawals. …
Petition to stop Reeves’s inheritance tax on pensions hits major new milestone
Campaigners have branded the policy change “unfair”, arguing that it disincentivises people from funding their pensions. …
