420,000 drivers pay luxury car tax after threshold freeze
Frozen tax thresholds have dragged 420,000 motorists into paying the luxury vehicle levy, a 42% rise in two years. Discover how family cars are being caught in the tax net.
Category : Search result: pension tax reform
HMRC warns over 55% tax on early pension access
HMRC warns UK households that accessing pensions early, even for 'trivial sums' over £30,000, is tax avoidance. You could face a 55% charge. Read the official advice now.
State pension age changes: What you need to know
The UK state pension age is set to increase from 66 to 67 between 2026-2028. Learn how this affects retirement plans and why further rises are being considered.
Pension rule costing families £720 a year
Millions of UK families miss out on a 25% pension top-up during parental leave. Experts urge action to close the 'Parenthood Pension Gap'. Check your eligibility now.
Pensioners over 80 get 25p weekly age top-up
State pensioners aged 80+ receive a 25p weekly 'age addition', unchanged since 1971. Critics call it 'insulting' as its value has plummeted. Discover the future of this payment.
State pension tax plans 'rushed and incoherent'
Chancellor Rachel Reeves pledges no tax on state pension alone, but experts warn new DWP rules are 'rushed', creating unfairness and penalising those who saved.
Means-Tested State Pension Call for UK from Australian
An Australian with a means-tested pension urges the DWP to adopt the model. Times specialist says the unpopular idea persists because it addresses fiscal pressures.
State Pension payment changes for Christmas confirmed
The DWP confirms earlier State Pension payments over the festive period. Some pensioners could receive £705 next Wednesday. Check if you're affected.
State pension age rises from 2026: Key facts
The UK state pension age is set to increase from 66 to 67 starting in 2026. Find out exactly when you can claim and how to plan for the changes.
New Council Tax surcharge rules for £2m+ homes explained
The Valuation Office clarifies how the new High Value Council Tax Surcharge will work for properties over £2 million from 2028. Learn about the targeted valuations and how it aims to create a fairer system.
Labour's Mansion Tax Spares £2m+ Social Housing
Labour's new property surcharge will hit owners of high-value homes from 2028, but exempts over 110 social housing properties worth over £2 million. Get the full details.
DWP: Couples' State Pension to Rise by £865 in 2026
The DWP announces a significant £865 annual increase for couples on State Pension from April 2026. Discover the new rates and what it means for your income.
Coal pensioners receive £100 weekly boost and £5,500 lump sum
Thousands of former coal industry staff see pensions rise by 41% as a £2.3bn government reserve is handed over. Find out who qualifies and why.
Former miners receive £5,500 lump sum in pension overhaul
Thousands of ex-miners to receive a £100 weekly pension increase and a £5,500 average lump sum just before Christmas. The move follows the release of a £2.3bn government reserve fund. Read the full story.
£350k Pension Blocked Over Minor HMRC Error
A 70-year-old's pension transfer was blocked for months due to a minor HMRC listing error. Discover how bureaucratic mistakes can impact your retirement savings.
State pension increase: £575 boost confirmed
Chancellor Rachel Reeves announces a 4.8% rise in state pensions. Those on the new state pension will receive an extra £575 annually. Find out if you're affected.
Pensioners warned over tax threshold freeze extension
Chancellor Rachel Reeves extends tax threshold freeze to 2031, dragging more pensioners into tax. Experts warn of unfairness and hardship for those on low incomes. Read the full analysis.
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.
Pensioners face tax hit as thresholds frozen under Labour
Chancellor Rachel Reeves's Budget reforms, with frozen income tax thresholds, are set to push retirees with modest savings into paying tax. Experts warn of fiscal drag and inheritance tax implications.
State pensioners to get £921 early payment next week
Thousands of UK state pensioners will receive an early £921 payment next week due to the Christmas holidays. Find out if you are affected and what the new weekly rate will be.
Reeves' frozen tax bands to hit pensioners with private pots
Chancellor Rachel Reeves faces criticism as frozen tax thresholds will push state pensioners with small private savings into paying income tax from 2027. Experts warn of financial strain.
Pensioners face 24-day wait for payments until January
Pension savers initiating transfers in December face a 24-day wait, with funds not moving until January. Experts warn of 'real frustration' and call for urgent industry reforms.
New State Pension Age Dates for Those Born After 1959
The UK state pension age will start rising from 2026, impacting millions. Find out the exact dates you can claim under the new rules and how it affects your retirement plans.
State pensioners to get £572 extra from DWP in 2026
Over 12 million UK pensioners will gain up to £575 each as the DWP confirms a 4.8% state pension rise from April 2026. Learn about the Pension Credit increases and new tax rules.
Labour's 'Two-Tier' Pension Tax Sparks Outrage
Chancellor Rachel Reeves freezes income tax thresholds for 3 years, creating a 'two-tier' pension tax system. Critics warn it penalises savers. Read the full analysis.
Over-80s can claim extra £422 monthly from DWP
Pensioners aged 80+ receiving a low basic State Pension may qualify for a monthly top-up of up to £422.80 from the DWP. Check your eligibility now.
DWP may be forced to raise state pension age to 80
The state pension age could be hiked to 80 by the 2070s to keep the system sustainable, new analysis reveals. Discover the pressures and potential reforms facing UK pensions.
Older state pensioners get £440 boost from triple lock
Pensioners on the old basic state pension will see a £440 annual rise from April 2026, while those on the new system get £575. Find out if you're eligible and how the triple lock works.
Older pensioners to get £440 extra in 2026 state pension rise
Pensioners born before 1951 will see a £440 annual increase from April 2026 under the triple lock. Discover how the two-tier system affects payments and the future of the policy.
State pension age rising to 67 from 2026
Major changes to the UK state pension age will start in 2026, affecting millions. Find out if you'll have to work longer and how to plan your finances.
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