Category : Search result: Personal Tax Free Allowance


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.

Martin Lewis warns of 40% ISA tax on death

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.

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.

Chancellor Spares Low-Income Pensioners from Tax

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.

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.

Chancellor's Tax Promise for State Pensioners

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.

Cash ISA Allowance Slashed to £12,000 in 2027

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 on 2027 Cash ISA Changes

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.

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