Category : Search result: HMRC salary sacrifice


3.3m hit by pension tax change from 2029

Chancellor Rachel Reeves confirms a £2,000 cap on salary sacrifice pension contributions, affecting 3.3 million workers. Experts warn it could reduce savings. Read the full analysis.

HMRC warns of fines for late tax returns

HMRC urges self-assessment taxpayers to file by Jan 31 2026 or face initial £100 fines and escalating penalties. Learn the deadlines and how to avoid scams.

Five-point plan to beat Labour's Autumn Budget

UK households are urged to act on a five-point financial plan following Chancellor Rachel Reeves's Autumn Budget. Experts advise using ISA allowances, reviewing salary sacrifices, and strategic gifting to mitigate tax changes.

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.

HMRC cuts late payment interest from 29 December

HMRC announces lower interest rates for late tax payments and repayments following the Bank of England base rate cut. New rates take effect from 29 December 2025. Find out how this affects you.

4.3m pension savers protected from £2,000 NICs cap

Chancellor Rachel Reeves announces a £2,000 NICs exemption cap on salary sacrifice pension contributions from 2029, protecting 4.3 million savers. Discover how this pension rule change affects you.

HMRC Christmas Bonus Tax Warning Issued

HMRC warns a Christmas work bonus could push you into a higher tax bracket. A £10,000 bonus risks 40% tax. Experts recommend 'bonus sacrifice' into your pension.

HMRC's Christmas bonus tax warning for UK workers

HMRC issues a warning to UK employees receiving Christmas bonuses. Experts explain how tax bands can slash your take-home pay and offer smart strategies, like pension sacrifice, to protect your money.

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.

Monzo launches UK-first salary doubling prize

Monzo bank launches Double Payday, a UK-first initiative giving ten customers their salary doubled each month. Find out how to be eligible for the tax-free cash boost.

Used EV leasing surges 166% in the UK

UK drivers are turning to used EV leasing, with a 166% surge. Discover how salary sacrifice makes electric cars affordable and why the used market is struggling.

Pension salary sacrifice cap threatens small businesses

Chancellor Rachel Reeves' £2,000 salary sacrifice cap in the Autumn Budget could force thousands of employers to scrap pension schemes and halt hiring. Experts warn of a £4.7bn raid on retirement savings.

Reeves' Autumn Budget: 3 Key Policies Revealed

Chancellor Rachel Reeves is set to announce major pension reforms and state pension increases in her Autumn Budget. Discover how these changes could impact your finances.

Reeves' pension tax raid on salary sacrifice

Chancellor Rachel Reeves plans a Budget tax raid on pension salary sacrifice, potentially raising £4bn. Critics warn it will hit ordinary workers' retirement savings. Read the full analysis.

Pension Changes That Could Impact Millions

Chancellor Rachel Reeves' Autumn Budget could introduce major pension reforms affecting salary sacrifice schemes and tax-free lump sums. Discover how millions might be impacted.

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