Category : Search result: surplus income exemption


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.

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.

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.

Search and Rescue Vehicles Exempt from Car Tax

Chancellor Rachel Reeves announces Vehicle Excise Duty exemption for search and rescue vehicles from April 2027, saving teams thousands in fundraising. Discover the full details.

Classic Car Tax Exemption Confirmed for 2026

Chancellor Rachel Reeves confirms Vehicle Excise Duty exemption for classic cars over 40 years will continue. Discover what this means for owners and the £3bn industry.

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.

All UK State Pensioners to Pay Income Tax by 2027

The Institute for Fiscal Studies warns that every state pensioner will become a taxpayer by 2027 unless the government grants an exemption. Discover the full impact of frozen tax thresholds.

Reeves' Stealth Tax Raid on Millions of Homes

Chancellor Rachel Reeves is set to extend the freeze on income tax bands, dragging millions into higher tax brackets. Discover how this stealth tax will affect your finances.

£150 energy bill support for UK households

Millions of low-income UK households begin receiving £150 Warm Home Discount payments from Monday. Find out if you're eligible and how the support helps with winter energy costs.

State pensioners face income tax from 2027

UK state pension set to exceed tax-free allowance by 2027, forcing retirees to pay income tax. Discover the impact of the triple lock and fiscal challenges.

HMRC warning on state pension and Carer's Allowance

HMRC issues crucial guidance for retirees claiming Carer's Allowance alongside state pension. Learn about payment rules and how to avoid overpayments. Act now to ensure your benefits are correct.

HMRC's 8am-9am rule for Child Benefit queries

HMRC urges UK households to call between 8am and 9am for quicker help with the High Income Child Benefit Charge. Learn about the income thresholds and repayment rules.

Reeves abandons income tax rise for millions

Chancellor Rachel Reeves has abandoned plans to increase income tax, breaking from speculation. Discover the full details of the upcoming Budget and its impact on your finances.

Council Tax Support: Millions Could Be Overpaying

New figures reveal 3.7 million people receive Council Tax Reduction, but many more eligible households are missing out on vital savings. Age UK explains eligibility and how to claim.

DWP's new fraud powers exempt state pension

The DWP gains new powers to deduct money from accounts to combat benefit fraud, with state pensions protected. Learn how these changes affect you and when they begin.

Council Tax Reduction 2025: Are You Eligible?

Millions in England receive Council Tax Reduction, but many eligible households are missing out. Discover if you qualify and how to claim support worth hundreds of pounds.

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