HMRC Excludes 7M State Pensioners from Tax Exemption
HMRC is excluding seven million state pensioners from a planned tax exemption, despite Labour promises. Only 700,000 will benefit, leaving millions facing tax bills from 2027.
HMRC is excluding seven million state pensioners from a planned tax exemption, despite Labour promises. Only 700,000 will benefit, leaving millions facing tax bills from 2027.
A Labour government inheritance tax rule change from April 2027 could increase bills by £34,000 on average, causing chaos for grieving families as pensions become part of estates.
Deputy PM David Lammy will meet Joan Morris, mother of Dea-John Reid, who was murdered in 2021. A vigil marks five years since his death.
New ONS figures show the number of people aged 85+ could double in 25 years, putting strain on the state pension system with fewer workers supporting more retirees.
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HMRC is contacting households whose income exceeded £35,000 after receiving Winter Fuel Payments. Repayments of £100 to £300 will be collected via tax code changes, averaging £33 a month.
Tamworth MP Sarah Edwards slams HS2 delays as 'deeply unwelcome news' after costs soar to £102.7bn and trains won't run until 2036, causing disruption in the Midlands.
Over 7 million pensioners may miss out on a planned tax exemption due to flaws in the policy, leaving only 700,000 beneficiaries, analysis shows.
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RecommendedMillions of savers born between 6 April 1971 and 5 April 1973 face a potential two-year delay in accessing pensions if they don't act before April 2028, warns PensionBee.
HMRC issued an inheritance tax update ahead of a 'nightmare' raid on pension savings from April 2027. Labour's Chancellor Reeves confirmed pension pots become liable for IHT.
HMRC confirms a £200 tax charge for state pensioners born after 1946, clawing back Winter Fuel Allowance for those with income over £35,000.
HMRC is issuing new tax codes to state pensioners who received £300 Winter Fuel Allowances, recovering payments from those with total income over £35,000.
HMRC's dividend tax increase from April 2026 raises basic rate to 10.75% and higher rate to 35.75%, costing UK households an average £600 yearly, impacting freelancers and small business owners.
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RecommendedHMRC is updating tax codes for two million state pensioners to reclaim Winter Fuel Payments automatically, with typical repayments of £17 per month.
DWP announces £300 Winter Fuel Payment for state pensioners born before September 28, 1946. Eligibility details and means-testing explained.
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Chancellor Rachel Reeves faces backlash as 600,000 more over-65s are pushed into tax bands due to frozen allowances and rising state pensions.
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Drivers are warned to avoid one button that can increase fuel consumption by up to 20%. Learn when to use air conditioning or open windows to save fuel.
A Power of Attorney alert has been issued ahead of HMRC rule changes in 2027. Pensions will become part of estates for IHT purposes, making planning crucial.
DWP gains controversial powers to check bank accounts of Universal Credit, ESA, and Pension Credit claimants to crack down on benefit fraud, sparking privacy concerns.
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RecommendedChancellor Rachel Reeves confirms HMRC will reclaim Winter Fuel Payments from wealthier pensioners, reducing state pensions by £17 per month for over-65s with incomes above £35,000.