Calls for £20,000 Personal Tax-Free Allowance Grow
A public petition urges the Labour government and HMRC to raise the personal allowance from £12,570 to £20,000, offering families potential savings of nearly £3,000. Over 28,000 have signed.
Category : Search result: income tax pensioners
Reeves: State Pension Only Retirees Won't Pay Tax
Chancellor Rachel Reeves confirms low-income pensioners won't pay income tax from 2027. Get the full details on the tax perk and what it means for you.
Warning as thousands of pensioners die with mortgage debt
A stark warning is issued as thousands of state pensioners die with outstanding mortgage debt, leaving families to foot the bill. Discover the scale of the crisis and the call for new lending solutions.
New Pay-Per-Mile Car Tax Announced for EV Drivers
UK drivers of electric and plug-in hybrid cars will face a new pay-per-mile tax from April 2028. Find out the rates and how it could affect your motoring costs.
HMRC Sends New Tax Codes to UK Households
HMRC is issuing revised tax codes midway through the 2025/26 tax year, impacting savers. Check your code now to avoid over or underpaying tax on your savings interest.
UK Tax-Free Income Boost: Rent a Room for £7,500
Discover how HMRC's Rent a Room Scheme lets UK households earn up to £7,500 tax-free annually, potentially raising your total tax-free allowance to £20,070. Learn the rules and see if you qualify.
Labour's tax break for state pensioners with no other income
Chancellor Rachel Reeves confirms retirees whose sole income is the state pension will not pay tax or file returns, even if the pension exceeds the personal allowance. A major administrative win for pensioners.
Petition for £20k Tax Allowance Hits 30k Signatures
A public petition urging the government to raise the personal tax allowance to £20,000 has passed 30,000 signatures, piling pressure on Labour. Find out what happens next.
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.
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.
State pension tax freeze creates 'means-testing by proxy'
A pensions expert condemns the government's tax threshold freeze as unfair 'means-testing by proxy', creating a two-tier system for retirees. Read the full analysis.
OAPs hit with 8% interest on Labour's property levy
Cash-poor pensioners could be charged 8% interest on deferred payments for Labour's new 'high value council tax surcharge'. Experts warn of a debt trap for asset-rich retirees.
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.
1 Million UK Households Now Paying 45% Tax Rate
Frozen tax thresholds have dragged over 720,000 more people into the 45% additional rate band, taking the total beyond one million. Discover how this 'stealth tax' impacts the economy.
State pension weekly increase for pre-1953 retirees
Pensioners born before 1953 will receive a £8.45 weekly state pension increase from April 2026 due to the triple lock. Discover the financial impact.
State pensioners face 87% tax in HMRC shake-up
Pensioners could see 87% of their savings lost to a double tax under new Labour reforms. Learn how this affects you and what you can do to protect your family's future.
Pensioners Warned of Council Tax Hike Under Labour
Chancellor Rachel Reeves considers doubling council tax for top bands, potentially forcing pensioners from homes. Learn the impact and reaction.
HMRC reclaims £300 Winter Fuel Payments from pensioners
HMRC begins reclaiming Winter Fuel Payments from state pensioners who exceed the income threshold. Learn how the new system works and who is affected.
10 Million Pensioners Spared State Pension Tax
Chancellor Rachel Reeves announces 10 million state pensioners will not pay income tax on their pensions this Parliament. Find out how the rule change affects you.
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.
Triple Lock threat for 13 million pensioners
The future of the state pension Triple Lock is in doubt as experts warn it's becoming unsustainable. Discover what this means for 13 million UK retirees.
New HMRC tax bands announced with 47% top rate
Chancellor Rachel Reeves announces new tax bands for property and dividend income, with a top rate of 47% to ensure fairer taxation on assets.
Pensioners face £7,500 council tax bill from 2028
Thousands of UK state pensioners could be forced to sell their homes due to new council tax surcharges of up to £7,500 annually. Learn about the impact and expert warnings.
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.
Reeves' Second Budget Unveils Tax Rises and Support
Chancellor Rachel Reeves delivers her second Budget with tax increases on alcohol, property and income to fill a £7.6bn fiscal gap, while scrapping the two-child benefit cap to lift 450,000 children from poverty.
HMRC clamps down on social media tax evasion
HMRC is intensifying scrutiny of UK social media accounts, targeting influencers and content creators for undeclared income. Tax experts warn of substantial fines for non-compliance. Learn how to stay compliant.
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.
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