Category : Search result: tax allowance


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.

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.

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.

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.

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.

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