ISA Allowance to Fall to £12,000, Building Society Warns
Coventry Building Society urges savers to act as the ISA tax-free allowance is confirmed to fall from £20,000 to £12,000 in April 2027. Experts advise on protecting savings now.
Category : Search result: personal allowance increase
2m Pensioners to Get HMRC Tax Letters
Over 1.3 million people received unexpected tax bills last year, with figures set to hit 2 million. Find out why pensioners are being targeted.
Record £5.1bn ISA rush before allowance cut
UK savers deposited a record £5.1bn into Cash ISAs fearing a Budget cut. The new £12,000 cap from 2027 impacts affluent savers. Learn how to protect your savings.
HMRC Rule Can Increase Tax-Free Allowance to £13,830
A legitimate HMRC rule allows married couples to transfer part of their Personal Allowance, potentially boosting one partner's tax-free limit to £13,830 and saving up to £1,258. Act before the April 5 deadline.
ISA rule change to penalise 'sensible' cash savers
Chancellor Rachel Reeves's Autumn Budget changes will force savers to invest £8,000 of their ISA allowance. Experts warn it penalises low-risk savers and complicates retirement planning. Read the full analysis.
HMRC update on tax discrepancies for state pensioners
HMRC has issued guidance after a state pensioner raised concerns over tax 'discrepancies' on savings interest. Learn about your Personal Savings Allowance and how to resolve issues.
HMRC letters for savers with over £3,500
Nearly 900,000 UK savers may receive letters from HMRC to check tax on savings interest. Experts explain your obligations and what to do if contacted.
Pensioners issued £1,000 tax warning over frozen allowance
Exclusive: Pensioners relying solely on the state pension could be hit with a £1,000 tax bill by 2029. Chancellor's new policy offers a lifeline, but the frozen personal allowance creates a looming threshold. Read the full analysis.
HMRC rejects £20k tax-free allowance call
HMRC has formally rejected a public petition to raise the Personal Tax-Free Allowance to £20,000, citing a £50 billion annual cost. The petition argues it would help with living costs.
How Gift Aid Can Increase Your Tax-Free Personal Allowance
UK taxpayers can use Gift Aid donations to extend their basic rate tax band and restore their personal allowance, offering effective tax relief of up to 60%. Learn how to claim.
HMRC Tax-Free Allowance Hiked to £20,070 for Some
HMRC increases the tax-free personal allowance for some households to £20,070. Learn how the Rent a Room scheme lets you earn £7,500 tax-free from lodgers.
Tax-Free Allowance to Hit £27,070 with Three Hacks
HMRC is set to increase your effective Personal Allowance to £27,070. Discover three legitimate 'hacks' including Rent a Room and Tax-Free Childcare that could save you thousands.
Savers warned of £8,000 ISA allowance cut
Experts warn of 'unnecessary tax' as the cash ISA limit drops to £12,000 in 2027. Learn how to protect your savings and maximise your personal savings allowance.
1 Million Missing Out on £5,741 DWP Benefit
Around one million people are failing to claim a vital DWP benefit worth up to £5,741 a year. Attendance Allowance is not means-tested. Check your eligibility now.
Treasury minister issues tax update for £25k-£50k earners
Treasury minister Dan Tomlinson responds to MP's query on tax rises for middle earners. The 'Reeves Freeze' extension will cost individuals up to £1,292 in extra tax. Read the full analysis.
State Pensioners to Get £218 Extra from DWP in 2026
The DWP has announced benefit upratings for 2026/27, including a £218 yearly rise for Attendance Allowance and a key increase for Carer's Allowance. Read the full details.
DWP updates benefits after brain tumour report warning
The DWP has issued an update on Attendance Allowance, DLA, and PIP following a 'serious' warning from a charity report on the financial impact of brain tumours. Learn about the findings and the government's response.
Martin Lewis issues tax warning to savers with £20,000
Money expert Martin Lewis warns households with over £20,000 in savings could be taxed on interest due to frozen tax bands. Learn how to protect your savings legally.
ISA Rule Changes: Act Now if You Have Under £12,000
UK households with savings under £12,000 are urged to review their accounts ahead of major ISA rule changes in 2027. Experts advise using your tax-free allowance now to maximise long-term growth.
State pensioners to avoid income tax, Chancellor confirms
Chancellor Rachel Reeves announces those living solely on the state pension will not pay income tax, despite future rises breaching the personal allowance. Key details explained.
Triple Tax Whammy to Cost UK Savers £2,380
Millions face higher tax bills as Labour cuts Cash ISA allowance to £12,000, freezes savings allowance & hikes rates. See how it impacts you.
Call for Double Tax Code for State Pensioners
Over 25,000 back a petition for a new tax code, doubling the personal allowance for state pensioners to combat unfair taxation on small pensions. Will Parliament debate it?
ISA cap cut to £12,000 may leave savers £300k richer
Chancellor Rachel Reeves slashes cash ISA allowance to £12,000 from 2027. Experts reveal how using the new £8,000 stocks & shares allowance could leave you £300,000 better off.
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.
Tax-Free Allowance hits £13,006 with HMRC rule
HMRC is increasing the effective Personal Allowance to over £13,000 for eligible taxpayers. Discover how to claim tax relief on job expenses, maintenance payments, and charitable donations.
HMRC's 0% tax band on £5,000 savings income explained
HMRC has clarified the 'starting rate for savings', a 0% tax band on up to £5,000 of savings income for eligible UK households. Find out if you qualify and how it works.
ISA rule change hits 2 million with higher tax
A new ISA limit of £12,000 from April 2027 means millions could pay tax on savings interest. See how basic and higher-rate taxpayers are affected.
ISA rule change to cost UK households over £1,200 in tax
Millions face a tax bill after the cash ISA allowance was cut from £20,000 to £12,000. Analysis reveals higher-rate taxpayers could lose £1,216. Explore tax-free alternatives now.
UK Savings Tax Rates to Increase from April 2027
UK households face higher tax on savings interest from 2027. Learn how the personal savings allowance and new ISA caps will affect your money. Act now to protect your savings.
Claim HMRC's £1,258 Marriage Tax Allowance Now
HMRC urges eligible married couples and civil partners to claim Marriage Tax Allowance, worth up to £1,258. See if you qualify for this valuable tax break.
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