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.
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 increases the effective Personal Allowance to £13,830 for qualifying couples via the Marriage Allowance. Learn how to claim and potentially backdate your claim for four years.
A key HMRC rule means anyone can increase their Personal Allowance by £1,000 through side hustles. Learn how to earn tax-free and use other savings allowances.
A frozen HMRC trading allowance is eroding the tax-free earnings of UK side hustlers on Vinted, eBay & Airbnb. See how inflation impacts your income.
The DWP has confirmed a 3.8% increase in weekly payments for PIP, DLA, Attendance Allowance, and Carer's Allowance, effective April 2026. See the new rates and how they affect you.
Martin Lewis warns ISA savings face a 40% Inheritance Tax hit. Key details on spousal transfers, allowance changes from 2027, and how to protect your money.
Money expert Martin Lewis clarifies ISA inheritance rules. Your tax-free savings could be subject to a 40% HMRC charge upon death. Learn how to protect your assets.
Money expert Martin Lewis details how surviving spouses can inherit an ISA allowance, keeping savings tax-free. He also warns of a crucial 40% Inheritance Tax risk.
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.
Chancellor Rachel Reeves confirms low-income pensioners won't pay income tax from 2027. Get the full details on the tax perk and what it means for you.
Chancellor Rachel Reeves confirms state pensioners with no other income will not pay income tax in this Parliament, addressing concerns over frozen tax bands. Read the full details.
UK drivers of electric and plug-in hybrid cars will face a new pay-per-mile tax from April 2028. Find out the rates and how it could affect your motoring costs.
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.
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.
Chancellor Rachel Reeves confirms retirees whose sole income is the state pension will not pay tax or file returns, even if the pension exceeds the personal allowance. A major administrative win for pensioners.
A public petition urging the government to raise the personal tax allowance to £20,000 has passed 30,000 signatures, piling pressure on Labour. Find out what happens next.
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.
A major building society warns millions could face unexpected tax bills due to a planned hike on savings interest and frozen allowances. Discover how to protect your savings now.
Rising State Pension values, driven by the Triple Lock, could soon push retirees over the frozen tax threshold. Martin Lewis's Cash ISA tip may offer a solution. Learn how to protect your income.
UK state pensioners with small private incomes face HMRC tax demands. The Triple Lock pushes pensions close to the frozen tax-free allowance, creating a political dilemma. Read the key facts.
HMRC issues a warning to UK workers about emergency tax codes like W1, M1, and X. Learn what your tax code means and how to check you're not overpaying.
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.
UK couples can claim a tax break worth up to £1,260. Learn how the Marriage Allowance works, who qualifies, and how to backdate your claim for four years.
Nearly 900,000 UK households with £3,500 or more in savings may receive HMRC letters about tax on interest. Check your Personal Savings Allowance now to avoid surprises.
State pensioners with a two-digit 'M1' tax code may be owed thousands in emergency tax refunds from HMRC. Learn how to check your code and claim back an average of £3,539.
Chancellor Rachel Reeves confirms state pensioners with no other income will not pay income tax. Key update on frozen tax bands and fiscal drag explained.
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.
A pensions expert condemns the government's tax threshold freeze as unfair 'means-testing by proxy', creating a two-tier system for retirees. Read the full analysis.
Chancellor Rachel Reeves announces the cash ISA allowance will be reduced from £20,000 to £12,000 in April 2027. Find out how this tax-free savings rule change affects you.
Martin Lewis analyses the 2027 cash ISA allowance cut to £12,000 for under-65s, revealing a key 'win' for older savers. Discover what the Budget means for your tax-free savings.