Savings Tax Hike Warning for Millions of UK Households
A major building society warns millions could face unexpected tax bills due to a planned hike on savings interest and frozen allowances. Discover how to protect your savings now.
Category : Search result: tax allowance
Pensioners Face Tax on State Pension Due to Triple Lock
Rising State Pension values, driven by the Triple Lock, could soon push retirees over the frozen tax threshold. Martin Lewis's Cash ISA tip may offer a solution. Learn how to protect your income.
Pensioners face tax on state pension as Triple Lock rises
UK state pensioners with small private incomes face HMRC tax demands. The Triple Lock pushes pensions close to the frozen tax-free allowance, creating a political dilemma. Read the key facts.
HMRC warning for thousands on three tax codes
HMRC issues a warning to UK workers about emergency tax codes like W1, M1, and X. Learn what your tax code means and how to check you're not overpaying.
Pensioners face tax demands due to Triple Lock
Due to the Triple Lock, state pensioners with modest private pensions could soon receive tax demands from HMRC as incomes near the personal allowance threshold. Discover the implications.
HMRC raises tax-free allowance by £1,260 for couples
UK couples can claim a tax break worth up to £1,260. Learn how the Marriage Allowance works, who qualifies, and how to backdate your claim for four years.
HMRC Letters for Savers with £3,500+ in Accounts
Nearly 900,000 UK households with £3,500 or more in savings may receive HMRC letters about tax on interest. Check your Personal Savings Allowance now to avoid surprises.
Two-digit tax code could mean £3,539 HMRC refund
State pensioners with a two-digit 'M1' tax code may be owed thousands in emergency tax refunds from HMRC. Learn how to check your code and claim back an average of £3,539.
Reeves' stealth tax warning for earners over £40,000
Chancellor Rachel Reeves confirms frozen tax bands, dragging millions into higher rates. Discover how fiscal drag impacts your income and pension. Sign up for our money-saving newsletter.
HMRC's mandatory tax adviser register starts May 2026
HMRC will launch a mandatory register for all tax advisers in May 2026. Learn about the new rules, penalties, and the £36m investment to modernise services.
Chancellor's Tax Promise for State Pensioners
Chancellor Rachel Reeves pledges state pension-only retirees won't pay income tax this Parliament, addressing the frozen allowance issue. Read the full details and implications.
HMRC's online selling crackdown is not a scare tactic
HMRC can now track your online sales on platforms like Vinted and eBay. Exceeding thresholds could lead to fines or criminal investigation. Declare your side hustle now.
Pensioners urged to claim £252 HMRC tax perk
Retirees with income under £50,270 can reduce their tax bill by £252 using Marriage Allowance. Claim this often-overlooked HMRC perk today.
Council Tax Band D: £0 Bills Before £2,394 Rise
UK households in council tax band D can get 100% discounts, leading to £0 bills before a 5% rise to £2,394. Learn how to apply for Council Tax Support.
Autumn Budget: Tax Break Boost for Married Couples
Chancellor Rachel Reeves announces 3.8% increase to Married Couple's and Blind Person's Allowances in Autumn Budget. Find out how this affects your tax bill from April 2026.
500,000 face £1,080 tax bill after ISA change
A cut to the Cash ISA allowance could cost higher-rate taxpayers £1,080. Discover how the rule change impacts your savings and what you can do.
State pensioners with no other income won't pay tax
Chancellor Rachel Reeves tells Martin Lewis state pensioners with no other income will not pay tax or fill in returns. A major clarification following the Budget.
HMRC sets 8-week deadline for UK tax refund payments
HMRC has clarified its tax refund process, confirming payments will reach UK households within eight weeks. Learn how to claim your money and avoid common pitfalls.
Petition for £20,000 Tax Allowance Hits 10k Signatures
A public petition urging HMRC to raise the Personal Tax Allowance to £20,000 has gained significant traction. Read the government's response and what happens next.
HMRC warns social media earners over £1k tax limit
HMRC issues a £1,000 fine warning for UK content creators. Learn how to avoid penalties for exceeding the trading allowance and file your tax return correctly.
How to protect savings from Budget bombshell
Savings expert Alex Sitaras reveals smart strategies to shield your money from Rachel Reeves' planned ISA allowance cuts. Act now to maximise tax-free savings.
HMRC Demands £8,165 from UK Households
UK households earning over £50,000 face £8,165 tax demands due to frozen thresholds. Discover the impact on savings and capital gains and how to protect your finances.
Tax Threshold Freeze Extended to 2031
The UK government extends the income tax threshold freeze to 2031, a move set to raise £7.6bn and pull millions into higher tax brackets. Discover the full impact.
Frozen Tax Bands to Cost UK Households £7,077
Frozen income tax thresholds are creating a stealth tax rise, dragging millions into higher bands. Discover how to protect your finances from fiscal drag.
Carer loses home after ticking wrong DWP box
A 64-year-old carer was convicted of fraud and lost his home after a simple form error. Discover the systemic failures behind the Carer's Allowance scandal.
UK Households Lose £2,980 in Tax Allowance Freeze
UK households are effectively losing £2,980 due to the frozen HMRC Personal Tax Allowance. Discover how this hidden tax rise impacts your income and who is affected most.
DWP to review Carer's Allowance overpayments
The DWP will reassess Carer's Allowance overpayment cases and issue refunds after admitting its guidance was unclear. Find out if you're affected.
HMRC to write off small tax bills for pensioners
HMRC announces it will not pursue hundreds of thousands of state pensioners for minor tax debts as pensions outgrow the frozen Personal Allowance. Discover the full story.
HMRC to tax pensioners with average savings
State pensioners with average savings face HMRC tax bills as the Personal Savings Allowance remains frozen. Discover how the Autumn Budget impacts your savings.
5 million face HMRC bills as savings become taxable
Over 5 million UK households face unexpected tax bills as rising interest rates push non-ISA savings beyond the £1,000 Personal Savings Allowance. Act now to protect your savings.
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