Category : Search result: income tax rise


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.

State pension age rising to 67 from 2026

Major changes to the UK state pension age will start in 2026, affecting millions. Find out if you'll have to work longer and how to plan your finances.

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.

Energy bills to rise £100 for grid upgrades

UK households face a £100 rise in energy bills to fund a £28bn national grid infrastructure upgrade. Ofgem says the investment is essential for security and the green transition. Read the full details.

Uber prices to rise 20% after Autumn Budget change

Chancellor Rachel Reeves' Autumn Budget excludes private hire from a VAT scheme, adding 20% to fares from January 2026. Experts warn of a 'taxi tax' hitting young and rural users hardest.

Poorest pensioners miss out on £7,700 in DWP support

New analysis reveals a stark gap in state support, with retirees on under £15,003 income receiving £7,754 less annually than wealthier OAPs. Discover the figures and why checking eligibility is crucial.

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.

Starmer defends Autumn Budget tax rises

PM Sir Keir Starmer defends the £26bn tax hike in Rachel Reeves' Autumn Budget, stating it's needed to improve public services and tackle child poverty. Read his full speech.

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.

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.

Autumn Budget 2024: The Winners and Losers

Rachel Reeves' Autumn Budget targets workers, savers, and high-value property owners with new taxes and freezes. Discover the key financial changes and who benefits.

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.

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