Tag: taxes
Key details on HMRC personal tax allowance update after Reeves decision
The number of people liable for the higher rate of income tax in the UK has surged by 50% since the start of the decade, according to latest figures from HMRC …
HMRC sends demand letters to those with £3,500 or over in savings account
HMRC could send you a tax bill letter if you have as little as £3,500 in your savings account in this new tax year. …
Tax freeze sees 1m extra pensioners hit by income tax – as £20 a month alert issued
HMRC figures show 8.16 million pensioners paid income tax in 2023-24, over a million more than the previous year …
Triple Lock State Pension rise narrows gap to frozen tax threshold for pensioners
The increase to the State Pension under the Triple Lock has been welcomed by many pensioners …
New HMRC personal tax allowance update after Reeves decision ‘means it’ll get worse’
The threshold hasn’t changed since 2021 and isn’t set to for another five years …
Tax threshold £12,570 freeze update as £220 alert issued and £18k plan gets backing
Labour’s decision to freeze income tax thresholds is set to wipe out a £117 reduction in household energy bills says study …
HMRC explains pension ‘up to 100%’ rule
A taxpayer asked a question as they were looking to retire soon …
Older drivers hit with car tax change from April
Britain’s oldest motorists face new Vehicle Excise Duty car tax fees as price rises come into effect. …
Key ISA move to boost your pot by £25,000 – makes ‘striking’ difference
Early ISA investing could leave you £25,000 better off, new research has revealed. …
Major HMRC change will ‘improve transparency’ as Brits’ benefits checked
Officials want to recoup cash from benefit claimants as it aims to make Government departments more efficient. …
