248 results for "income"

Reform UK is expected to announce a bold economic strategy on Monday that includes raising income tax and inheritance tax thresholds. The party says these tax cuts can be financed...

Chancellor Jeremy Hunt has unveiled proposals to reform child benefit, allowing any household with an income of up to £120,000 to qualify. Prioritising High Earners and Addressing Tax Cliffs Hunt...

The Conservatives are aiming to secure the support of older voters ahead of the next election by introducing a new ‘triple lock plus’ policy to boost pensioner incomes. The new...

The Housing Benefit is now part of Universal Credit for those of working age, but remains available for those over State Pension age and for specific types of accommodation. Understanding...

The Department for Work and Pensions (DWP) reported recently that some 78% of all new claims for Pension Credit are being processed within the target time of 50 working days....

Thousands of households can receive up to £550 in cost of living payments through the Government's Household Support Fund (HSF) in the coming months. Cost of Living Payments: Government's Household...

UK households' gas bills could be hit by a £1,000 increase if further proposals to transfer eco-taxes from electricity bills to gas bills are implemented. Claire Coutinho, the Energy Secretary,...

Millions of people are finding it increasingly difficult to pay their bills, buy essentials or even maintain a secure home unless they rely on state benefits, as the cost of...

The Department for Work and Pensions (DWP) has recently announced two major changes are to be made to Universal Credit, which could have an impact on the financial situation of...

Following Labour MP Navendu Mishra's question about whether an assessment of the “average financial impact per claimant of the discontinuation of Disability Cost of Living Payments” had been made, the...

According to a Resolution Foundation analysis, a single parent who rents and works 30 hours per week at the national living wage will be roughly £3,800 better off in 2024–25...

Nearly half a million teachers in England and Wales could see a significant boost to their retirement income as a result of a little-known loophole. Often overlooked, this financial trick...

Understanding the changes to Child Benefit and the High Income Threshold is critical for financial planning for a family living in the United Kingdom. HMRC announced on its website that...

According to the Institute for Fiscal Studies, more than half a million of UK pensioners will face paying income tax for the first time this week. Tax Burden on UK...

Middle and high-income households in the UK are heading towards the worst ever era of declining living standards since the 1960s, the Institute of Fiscal Studies has warned. Middle and...

In an audacious move to stimulate international investment, El Salvador has announced the complete removal of income tax on inward investment and remittances. This major step is part of comprehensive...

British pensioners with income tax may be concerned to learn that they stand to lose £1,000 in Chancellor of the Exchequer Jeremy Hunt's new Budget. His proposal to freeze the...

In evaluating Jeremy Hunt's budget, the Resolution Foundation Thinktank reveals a historic downturn in household incomes throughout a parliamentary term, despite the Chancellor's insurance cuts. Thinktank Warns of Falling Household...

Britain's tax burden is set to hit an all-time high regardless of what the Chancellor announces in next week's Budget, according to a new analysis. This is primarily due to...

Recent reports highlight that high housing prices and insecure jobs in Britain are causing UK middle class households to grapple with financial struggles in their journey to maintain decent living...

In 2024, UK household incomes are expected to improve significantly, marking a potential "turning point" for the nation's stable economy. This positive outlook is driven by anticipated interest rate cuts,...

In recent years, Social Security has undergone several changes affecting recipients in different ways. While some alterations have been positively viewed, like the forthcoming 3.2% increase in benefits for 2024,...

The number of people who pay the top rate of income tax in the UK, set at 45%, is expected to surpass 1 million for the first time this year....

The Bank of England is not very optimistic about the French elections. The Bank reckons that the French elections are likely to shake up the world's financial scene and even...

In its latest crackdown on fraud and error, the Department for Work and Pensions (DWP) has affirmed it is issuing urgent messages to Universal Credit claimants. Authorities are conducting  'targeted...

According to the Department for Work and Pensions (DWP) the number of people who have applied for out-of-work sickness benefits has reached unprecedented highs in the first four months of...

July will be a month of major changes in your pocket, with Ofgem lowering its price cap as well as new rules by some of the biggest high street banks....

Nearly 4.5 individuals are being warned they could face a one-month deadline to submit their tax payments. Self-employed workers have only a few weeks to get their taxes in order....

Parents often try to juggle the demands of everyday life while keeping their young ones happy and vigorous. For some, help such as Universal Credit, Income Support and Child Tax...

Are you feeling the pinch from rising cost of living? If so, consider that you are not alone. The government made the Household Support Fund to help with money for...

The UK's general election is right around the corner, with all the major parties unveiling their plans to manage the persistent cost of living crisis. Cost of Living Payments and...

New figures reveal that claims made to the Department for Work and Pensions (DWP) have seen a noticeable rise. The significant demand for the disability benefit arises as new reforms...

Energy company E.ON says people staying at home all day could save around £913 on energy bills. Customers are emailed by the company informing them of the opportunity to save...

Elderly people (Pensioners) in the UK are getting ready for a possible big tax hit if Labour wins the next vote. But even if the Conservatives stay in control, retired...

Seven major money and Department for Work and Pensions (DWP) adjustments will take effect in July. The upcoming month will bring updates to everything from energy bills to benefits, which...

Under the Triple Lock program, around 9.7 million pensioners receiving the Basic State Pension could see their weekly benefits increase by up to £40 per month. If the Conservatives and...

The Woman Against State Pension Inequality (Waspi) campaign has recently issued a scam alert to thousands of people across the country in response to allegations of fraudulent compensation claims. Campaigners are...

A 'cruel' Department for Work and Pensions (DWP) benefits cap will result in hundreds of thousands additional households losing £4,300 per year. The Growing Impact of DWP's Universal Credit Rule...

Thousands of low-income households can receive a £250 free cash gift to help with the cost of living. The government's Household Support Fund provides monetary assistance that can be used...

State pensioners could potentially receive up to £3,200 in extra help from the Department for Work and Pensions (DWP), but many are not claiming what they are entitled to. Essential...

According to the most recent data available from the Department for Work and Pensions (DWP), about 12.7 million seniors nationwide, including over a million retirees residing in Scotland, presently receive...

A detailed report by the Institute for Fiscal Studies (IFS) has highlighted the groups most affected by the transition from traditional benefits to Universal Credit (UC). The Department for Work...

Households facing financial hardship and in receipt of one of the eight specified benefits can receive up to £300 of cost of living assistance. This is part of the Government's...

Following two National Insurance cuts earlier this year— one in February and another in April— totaling an average of £900 altogether, Rishi Sunak has committed to providing an additional average...

People born in certain years are set to see a significant increase in their state pension from the Department of Work and Pensions (DWP), amounting to more than £600 a year. ...

According to the most recent estimates, everyone receiving the State Pension will get an additional £605 each year through the Triple Lock scheme. State Pension Set for £605 Boost as...

One of the largest unions in the country, Unite, is advocating for the reduction of the state pension age to 65 years old to guarantee "a respectable retirement for everyone."...

Millions of Universal Credit claimants are set to benefit from a major change to their payments this week. Eligible claimants can now access extra financial help through the Household Support...

The Labour Party has reversed its decision to bring back the Lifetime Allowance on pensions, a measure originally estimated to generate £800 million in tax revenue. This reversal led to...

The Department for Work and Pensions (DWP) said it has been reviewing thousands of pensioners' bank statements following a significant increase in fraud. Pension Credit Overpayments Surge to £520 Million,...