Category : Search result: Income Tax freeze


Call to Double State Pensioners' Tax Allowance

A parliamentary petition urges HMRC to double the personal tax allowance for state pensioners to £25,140. With 10,000 signatures, it seeks to protect pensioners from rising tax bills as thresholds remain frozen.

UK households face 'double tax raid' on savings

Chancellor Rachel Reeves's Autumn Budget sparks a 'double tax raid' on UK savings via ISA reforms and frozen tax thresholds. Discover the impact on your money and what you can do.

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.

IHT Freeze Extended: 63,000 Estates to be Hit

Chancellor Rachel Reeves confirms the inheritance tax freeze until 2031, doubling the number of families paying the 40% levy. Experts warn of a stealth raid on modest estates.

Chancellor's Tax 'Workaround' for State Pensioners

Chancellor Rachel Reeves commits to a tax 'workaround' ensuring state pensioners won't pay income tax on their pensions this parliament. Full details on the new personal allowance plan.

Fuel duty freeze extended, new EV charge from 2028

Chancellor Rachel Reeves announces a five-month fuel duty freeze until September 2026, but confirms a new pay-per-mile tax for electric vehicles starting in 2028. Read the full details.

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.

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.

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.

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