Martin Lewis warns of 40% ISA tax on death
Martin Lewis warns ISA savings face a 40% Inheritance Tax hit. Key details on spousal transfers, allowance changes from 2027, and how to protect your money.
Category : Search result: inheritance tax on ISAs
HMRC Tax Freeze to Cost Workers Thousands by 2031
The Autumn Budget's extended income tax threshold freeze until 2031 is a 'stealth tax' costing workers up to £4,420. Discover the generational split and financial impact.
Martin Lewis warns of 40% tax hit on ISA savings
Money expert Martin Lewis clarifies ISA inheritance rules. Your tax-free savings could be subject to a 40% HMRC charge upon death. Learn how to protect your assets.
Martin Lewis explains ISA 'additional allowance' rules
Money expert Martin Lewis details how surviving spouses can inherit an ISA allowance, keeping savings tax-free. He also warns of a crucial 40% Inheritance Tax risk.
Drivers who won't pay car tax in 2026 revealed
Discover the specific circumstances where UK motorists can legally avoid paying Vehicle Excise Duty from 2026, including classic cars and disability vehicles. Learn the new rules.
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.
Labour's 1975-Style Inheritance Law Shake-Up Proposed
Labour is urged to overhaul inheritance rules to protect unmarried couples. Experts warn current laws fail modern families. Could this be the biggest change in 50 years?
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.
DVLA's urgent tax warning to thousands of UK drivers
The DVLA has issued an urgent warning, telling motorists they 'must' tax their vehicle even if no payment is due. Avoid fines by acting now.
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.
Pensioners urged to claim £13,620 in lost savings
Experts warn UK state pensioners to act now to trace lost pension pots and unclaimed bonds worth thousands. Five key steps to safeguard your finances revealed.
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.
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.
HMRC Rule Lets Households Pass On £1M Tax-Free
Money expert Martin Lewis explains how married couples can use HMRC rules to leave up to £1 million to their children without paying Inheritance Tax. Learn the crucial legal steps.
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.
Claim a £3,539 HMRC Pension Tax Refund Now
Thousands overpay tax on pension withdrawals due to emergency codes. Learn how to check your status and claim your refund from HMRC ahead of the festive season.
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.
HMRC Confirms Timetable for Major UK Tax Changes
HMRC has published the phased implementation dates for major tax reforms from the Autumn Budget, affecting savings, property, and pensions. Discover how and when the changes will impact you.
Earn Millions by Reporting Tax Evasion to HMRC
UK households could earn millions by reporting tax evasion under a new HMRC rewards scheme. Find out how to report and what you could earn.
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.
14,000 UK households get IHT bills after gifts fail
HMRC has sent inheritance tax demands to 14,000 households after gifts given before death fell foul of the seven-year rule. Discover the tax rates and expert advice.
New 3p Per Mile EV Tax Could Increase for Drivers
Drivers of electric vehicles could face a higher pay-per-mile tax rate if they under-declare mileage. The new Labour eVED scheme will involve annual checks, sparking industry concerns about fairness and the switch to EVs.
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.
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 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.
£7tn wealth transfer changing UK money control
A massive £7 trillion wealth transfer is underway in the UK, shifting control from older generations to younger ones and significantly empowering women. Discover how this historic change affects families and why professional financial advice is crucial.
Sandy Gall leaves £331k fortune to his children
Beloved ITV newsreader Sandy Gall bequeaths a substantial fortune to his four children. Discover the legacy of the legendary journalist who reported on historic events.
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