Category : Search result: personal tax account


Call to Double State Pensioners' Tax Allowance

A parliamentary petition urges HMRC to double the personal tax allowance for state pensioners to £25,140. With 10,000 signatures, it seeks to protect pensioners from rising tax bills as thresholds remain frozen.

Tax-Free Allowance hits £13,006 with HMRC rule

HMRC is increasing the effective Personal Allowance to over £13,000 for eligible taxpayers. Discover how to claim tax relief on job expenses, maintenance payments, and charitable donations.

HMRC uses AI to target tax evasion and fraud

HMRC is turning to artificial intelligence to tackle a £700m tax gap and improve compliance. The technology will identify risks faster but human caseworkers will make final decisions. Read the latest.

Chancellor's Tax 'Workaround' for State Pensioners

Chancellor Rachel Reeves commits to a tax 'workaround' ensuring state pensioners won't pay income tax on their pensions this parliament. Full details on the new personal allowance plan.

Santander offers £200 to switch current accounts

Santander is offering £200 to customers who switch their current account. To qualify, you must deposit £1,500 and complete the switch within 60 days. Learn the key details and eligibility criteria here.

State pensioners face £800 tax bills from HMRC

Thousands of retirees relying on state pension top-ups are being sent tax demands of around £800, falling outside Labour's new exemption. Discover the impact of frozen thresholds.

Joint Bank Account Warning for UK Couples

UK couples urged to talk finances to prevent strain. Experts reveal pitfalls of joint accounts and key tips, including the missed Marriage Tax Allowance. Read more.

Urgent warning for UK savers ahead of rate cut

Finance experts urge UK savers to move their money as the Bank of England is tipped to cut the base rate from 4% to 3.75% this week. Find out how to protect your savings.

Switch banks for up to £200 in free cash

UK households can claim up to £200 by switching bank accounts. Experts reveal it's a simple, legal way to earn free money with offers from Lloyds, Santander, Barclays, Nationwide and NatWest.

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.

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.

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