Tag: taxes
Move to cap tax-free pension lump sum to £100,000 could cost retirees more than £70,000
Currently, workers can take out a maximum sum of £268,275 without paying tax, which many people count on to pay off debts, such as mortgages. …
Eight ways to slash your tax bill and save cash – here are the rebates you’re missing
Experts have warned millions of people in the UK could be paying more tax than they need to be. …
HMRC warning as millions could face be hammered by new tax rule change
If you sell your items online using Vinted, Depop or eBay, you may need to submit a self-assessment form to HMRC. …
The vital document being ‘neglected’ by UK households that could slash inheritance tax
Ensuring your estate is in order for when you die could save your heirs thousands in tax, but many UK households are missing this key document. …
Labour warned against private pension raid to fix black hole by Aviva boss
Currently, a basic rate taxpayer gets 20per cent tax relief on pension contributions, which means every £100 they put into a scheme costs them £80. …
State Pension increase to £924.60 a month could mean tax blow, warns expert
New figures revealed that the average regular earnings growth has shot up to 4.5 per cent meaning pensioners could be due a bumper rise …
