Tag: taxes
State pensioners facing ‘retirement tax’ over rise coming in days
Some pensioners already pay tax on their state pension, especially if they have delayed their claim or are eligible for the Additional State Pension. …
HMRC to seize cash directly from bank accounts in new £1 billion tax crackdown
HMRC will also seek more personal financial data from banks and building societies …
Rachel Reeves ‘raid on pensions’ fears as £5 billion ‘disappears’
Fears are mounting that Rachel Reeves will target retirement pots …
Urgent advice on ISA and Junior ISA as 11-day deadline looms
Tax experts have issued guidance as the deadline looms. …
Fears Rachel Reeves could extend stealth tax raid on incomes in new threshold freeze
The Chancellor has already confirmed that the freeze on inheritance tax allowances will remain in place until 2030 …
Personal Tax Allowance update as demands made for £1,000 HMRC change
The Personal Tax Allowance has been set at £12,570 since 2021, while the state pension has risen annually under the Triple Lock …
The new ruling that could save families £100k on inheritance tax
A landmark ruling allowed a family to escape inheritance tax after property was given to them as a gift. …
Millions of Brits risk missing out on key tax-saving opportunities as deadline approaches
There is a growing sense of stress and uncertainty surrounding investments …
Rachel Reeves’ ‘risky strategy’ could lead to £10bn income tax raid, warns IFS
The Institute for Fiscal Studies has issued a stark warning, claiming that the Chancellor has dangerously little room to manoeuvre …
Cash ISA tax free allowance update as BBC money expert shares verdict
There has been intense speculation that the existing £20,000 annual tax-free allowance on cash ISAs will be lowered – possibly to £4,000. …
