2 Million Face 60% Tax Trap as Thresholds Freeze
A record 2.06 million UK taxpayers will be hit by a 60% effective tax rate in 2026/27 due to frozen allowances. Discover the impact and strategies to mitigate the 'stealth tax'.
A record 2.06 million UK taxpayers will be hit by a 60% effective tax rate in 2026/27 due to frozen allowances. Discover the impact and strategies to mitigate the 'stealth tax'.
Chancellor Rachel Reeves faces calls to avoid taxing cash held in stocks and shares ISAs after confirming the cash ISA limit will be slashed from £20,000 to £12,000. Industry warns of complexity.
HMRC issues urgent warning to UK workers: you are responsible for checking your tax code, not your employer. Learn how to spot emergency codes and avoid overpaying.
A tech sector couple earning over £200k reveal how the UK's 62% marginal tax rate and loss of childcare support is forcing drastic financial decisions. Discover the 'brutal' reality of the £100k cliff-edge.
UK households scrambled to deposit £5.1bn into cash ISAs in November 2025 ahead of a Budget cut to the annual allowance. Experts analyse the surge and what it means for your savings.
New HMRC rules implementing the EU's DAC7 directive are causing uproar. Millions selling online or renting property could face tax reporting burdens, with critics calling the rules 'farfetched' and an 'abomination'.
Frozen income tax thresholds have triggered over 1.3 million unexpected tax demands. Experts warn the number will exceed 2 million. Find out who is affected and what the government plans.
UK households face higher bills as 11 tax changes take effect in 2026, from alcohol duty to council tax hikes. Discover the key dates and costs.
Chancellor Rachel Reeves confirms the cash ISA allowance will be cut from £20,000 to £12,000 in April 2027. Find out how this impacts your savings and who is exempt.
Money Saving Expert Martin Lewis warns anyone earning over £12,570 to check their tax code immediately, as millions are wrong each year. Avoid overpaying or a shock bill.
HMRC warns of 'punitive' charges for Lifetime ISA withdrawals as the annual allowance is cut to £12,000. Learn how the new rules and a proposed replacement product affect your savings.
Chancellor Rachel Reeves faces criticism as MPs warn her plan to slash the ISA allowance to £12,000 may fail to boost stock market investment and penalise cautious savers. Read the full analysis.
A public petition urges HMRC to raise the personal tax allowance to £15,597 and the higher-rate threshold to £62,379 to combat 'stealth tax' fiscal drag. The government must respond if it reaches 10,000 signatures.
Self-employed and small businesses face soaring tax bills as double-cab pick-ups are reclassified as cars. Find out how this HMRC rule change impacts you.
UK landlords earning over £50,000 must file quarterly digital tax summaries from April under HMRC's Making Tax Digital. Learn key deadlines and expert advice to avoid confusion.
Nationwide Building Society is offering a 4% fixed-rate cash ISA, paying £400 interest on a £10,000 deposit. Experts urge savers to act fast as banks cut rates.
HMRC has issued over 300,000 letters chasing tax bills of £100 or less, with critics calling the process a waste of time and money. Discover the impact of frozen tax thresholds.
HMRC announces a major crackdown on unpaid taxes, targeting individuals and companies. Learn about the new enforcement measures and the billions in revenue being pursued.
HMRC plans to close a Cash ISA loophole, potentially hitting Birmingham households with a £162 tax charge. Learn how the 2027 reforms affect your savings.
UK savers deposited a record £5.1bn into Cash ISAs fearing a Budget cut. The new £12,000 cap from 2027 impacts affluent savers. Learn how to protect your savings.
Millions of UK households will get a two-month council tax break in 2026 ahead of new property bands. Find out if you're eligible and how the new high-value surcharge will work.
Chancellor Rachel Reeves's Autumn Budget changes will force savers to invest £8,000 of their ISA allowance. Experts warn it penalises low-risk savers and complicates retirement planning. Read the full analysis.
Chancellor Rachel Reeves confirms the cash ISA annual limit will be cut from £20,000 to £12,000 from April 2027. However, state pensioners aged 65+ will retain the higher £20,000 allowance. Read the full details.
HMRC tells savers to 'wait' for a letter if they overpaid into an ISA. Find out the tax implications and the crucial steps you must take now to avoid penalties.
UK households could be hit with a £162 tax penalty under new HMRC rules targeting cash held in Stocks & Shares ISAs. Learn how the 2027 changes affect your savings.
Experts warn of 'unnecessary tax' as the cash ISA limit drops to £12,000 in 2027. Learn how to protect your savings and maximise your personal savings allowance.
Chancellor Rachel Reeves's tax changes for 2026 will impact millions. From frozen thresholds to new levies, discover the seven key ways your finances will be affected. Read the full analysis.
Millions of newly self-employed face paying 150% of their tax bill upfront due to HMRC's 'payments on account' rule. Learn how it works and what you can do if you can't pay.
Chancellor Rachel Reeves faces criticism over frozen tax bands, a 'stealth tax' pulling thousands into higher rates. Learn how it impacts wages and pensions.
Millions face higher tax bills as Labour cuts Cash ISA allowance to £12,000, freezes savings allowance & hikes rates. See how it impacts you.