Category : Search result: HMRC taxfree allowance


Pensioners billed £800 despite tax promise

Thousands of UK state pensioners face surprise £800 tax bills from HMRC, despite government promises to shield them from tax as the Triple Lock rises. Read the full story.

UK Christmas gifts risk 40% inheritance tax charge

Personal finance experts warn UK families about HMRC's £3,000 annual gift allowance. Exceeding it could trigger a 40% inheritance tax bill if the giver dies within seven years. Learn the rules to protect your loved ones.

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.

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.

DWP urged to intervene over state pension tax letters

The DWP faces calls to clarify tax rules as the Triple Lock pushes state pensions near the tax threshold. Chancellor Rachel Reeves has pledged retirees won't be taxed on this income. Read the full analysis.

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.

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