Hidden Tax Trap: Why Your Savings Interest Could Be Costing You More Than You Think
Martin Lewis, the founder of MoneySavingExpert, has issued a warning to UK savers, suggesting that many could be paying more tax than necessary on their interest earnings. The tax treatment…
Missed Out on Personal Allowance Savings? You Can Still Claim Up to £1,258
The UK’s tax system can be a maze, but for some married couples, a little-known scheme could offer significant savings. A method known as "backdating" allows couples to increase their…
Why 300,000 Remote Workers Are Facing a Tax Relief Cut in 2026
In a move that will affect hundreds of thousands of remote workers across the UK, the government has announced the cancellation of the £6-a-week working from home tax relief starting…
Council Tax Increases: Labour’s New Rule Shakes Up the System!
Labour's plans for a shake-up of the council tax system could significantly affect millions of homeowners across the UK. As the government prepares to unveil reforms, critics warn of potential…
Brits Face 27% Tax on Holidays as Government Plans Massive Levy
The Treasury is reportedly considering a new overnight stay levy for tourists, potentially raising £500 million a year. Industry leaders warn it could harm domestic travel, inflate costs, and threaten…
New Update on Income Tax: Rachel Reeves Confirms Last-Minute Policy Shift
With just days before the autumn Budget, Chancellor Rachel Reeves and Prime Minister Keir Starmer have reversed course on a controversial proposal to raise income tax, scrapping the plan after…
New Tax Code Changes from HMRC Could Hit Savers—What’s the Real Impact?
As HMRC works to catch up with the latest changes in personal circumstances, many individuals are receiving new tax codes, particularly those with savings interest. These updates come as the…
Income Tax Surge Incoming: The Silent Hit to Your Wallet
As the UK government prepares for its upcoming Budget, fears are growing that tax rises may be on the horizon. Among the most discussed proposals is a potential 2p rise…
Britons Warned to Act as Pensions Face 40% Inheritance Tax Charge
A proposal to include unused pension pots in inheritance tax (IHT) calculations is drawing growing concern from economists and pension experts. Rachel Reeves, Chancellor of the Exchequer, has indicated that…
Sweeping Tax Reform Could Shock Pensioners by Slashing 25 Percent Tax Free Perk
A potential overhaul of pension rules is raising concern among experts as changes to tax-free benefits for pensioners are being considered.
Stealth Tax Could Force Pensioners to Pay Tax for the First Time
The Stealth Tax is quietly affecting more pensioners as tax bands remain frozen. Find out how this could impact your finances in the years ahead.
How the State Pension Rise Could Drag Millions Into Paying Income Tax by 2027
Millions of Brits who rely on the state pension may soon find themselves facing income tax. As the state pension rises by 4.7% next year, many pensioners are just £35…
Tax Relief from HMRC: How to Claim £60 Back for Your Work Uniform
HMRC offers a way for workers to reclaim money on certain work-related expenses, including uniforms. Find out how you could benefit from this little-known tax relief.
How to Save Money on Your Council Tax Bill
Struggling with Council Tax payments? There are several ways to reduce your bill, including the Council Tax Reduction scheme. Find out how you could benefit.
New HMRC Limits Could Affect Your Child Benefit and Tax-Free Childcare
A small increase in income could trigger a chain reaction of hidden losses for UK parents—HMRC rules mean the impact goes far beyond income tax alone.
Labour’s Bold Council Tax Overhaul Could Lead to 410% Bill Hikes
The Labour Party is proposing a major overhaul of council tax, with some areas facing bill hikes as high as 410%. A new report by the Institute for Fiscal Studies…
Rachel Reeves Reveals 2025 Budget Date Amid Fears of Tax Increases
Rachel Reeves has confirmed that the 2025 Budget will be unveiled on November 26, setting the stage for major fiscal decisions. As concerns about a £41 billion shortfall in government…
DWP Under Pressure as Inflation-Linked Benefits Spark Cost Warning for UK Taxpayers
A new analysis warns that inflation-linked rises to DWP benefits like Universal Credit and PIP may push the welfare bill to unsustainable levels by 2030.
HMRC Issues £100,000+ Refunds to Thousands of Pensioners Over Tax Overcharges
Many pensioners in the UK have been caught off guard by unexpected tax charges on their pension withdrawals, prompting an increase in refund claims. The issue highlights ongoing concerns about…
Inheritance Tax Rule Change Could Leave Families Facing £82,000 Bills: What You Need to Know
In 2027, a new inheritance tax rule will tax pensions, leaving families facing hefty bills. With the changes, cohabiting couples could be hit hardest, as they lack the exemptions that…
HMRC Issues £3,800 Refunds to Thousands of Retirees Hit by Emergency Pension Tax
A significant tax error could mean you're owed thousands. HMRC has refunded nearly £49 million to older Brits who were unknowingly overtaxed when withdrawing pension savings for the first time.…
HMRC Launches Major Crackdown on Personal Expenses in Tax Returns – Millions Warned
HMRC has announced a new enforcement push to curb personal expenses being claimed in self-assessment tax returns. Following a successful trial, the tax authority plans to open more checks and…
£150 Council Tax Relief Now Available Through Household Support Fund in Bromley
Successful applicants can choose to receive the £150 support as a supermarket voucher, energy payment, or a direct Council Tax credit.
HMRC Raises £3,000 Side Hustle Threshold – But Tax Bills for Households Remain
HMRC is changing how tax on extra income is reported, raising the threshold to £3,000. But despite this shift, tax will still apply on smaller side hustle earnings. Thousands may…
How Council Tax Relief Might Apply to You
Many individuals may be unaware of potential discounts on their council tax. Learn more about the criteria that could reduce your bill.
Council Tax Discount: Check if You Belong to These Five Money-Saving Categories
Millions of households pay the full council tax bill each year without realising they may be eligible for a legal discount. A 25% reduction is available to several groups, but…
Nearly One Million Taxpayers in the UK Still Need to Claim Their Tax Refunds From HMRC
HMRC is urging nearly one million taxpayers to claim refunds they may be owed. Many individuals may not be aware of overpaid taxes and can check their eligibility through the…
New PAYE Service Launches as HMRC Unveils 50 Reforms in Major Tax Overhaul
A major transformation is underway for the UK’s PAYE system, as HMRC introduces a streamlined digital platform. With 50 new measures planned, the shift promises easier access for taxpayers and…
Overtime Tax and National Insurance Deductions Could Be Scrapped for Emergency Workers
A petition advocating for the removal of tax and National Insurance deductions on overtime for emergency service workers is gaining traction. The proposal suggests that by making overtime more financially…
Council Tax Bills Could Drop a Band for Eligible Disabled Households
A long-standing tax relief scheme may offer real savings for households with disabled members. But few know how to access it, and even fewer realise they qualify. If your home…
Reeves Hints at Autumn Tax Hikes: 7 Taxes She Might Raise
Chancellor Rachel Reeves has hinted that tax increases may be necessary this autumn following the government’s welfare reform U-turn. With a £5 billion gap in the Treasury’s forecast, Reeves is…
HMRC Warns Seven Million Britons Will Face 40% Income Tax Rate
Over seven million people are now set to pay a 40% income tax rate, with a significant rise in those affected. This sharp increase comes as the government maintains its…
Rachel Reeves Set to Cut ISA Allowance: How Will This Impact Savers?
Chancellor Rachel Reeves is preparing to announce a cut to the annual cash ISA allowance, lowering it from the current £20,000 limit. This move is expected to be unveiled in…
Tax Petition Gains Momentum: Calls for £20,000 Personal Allowance Surge
A surge in support for a petition calling for an increase in the personal tax allowance to £20,000 has sparked debate across the UK. With over 280,000 signatures, campaigners argue…
People with These 5 Conditions Could Avoid Paying Council Tax – Full List
If you're living with one of five qualifying medical conditions, you could be entitled to a discount or even full exemption from council tax. Whether you're dealing with multiple sclerosis,…
Income Tax Surge: Over Seven Million Set to Pay Higher Rates by 2025-26
By 2025-26, more than seven million people in the UK are expected to pay higher income taxes. This dramatic rise stems from frozen tax thresholds that have pushed millions into…
Workers to Benefit from £1,000 Tax-Free Annual Payout Under New Reform UK Plan
Reform UK's new policy could provide millions of low-paid workers with a tax-free annual payout of up to £1,000. The proposal, which targets the bottom 10% of earners, aims to…
Tax Freedom Day 2023: When Will Brits Finally Stop Paying HMRC Taxes?
In 2023, Tax Freedom Day in the UK falls on June 12th, a sign of the growing tax burden. With income tax thresholds frozen, more Britons are paying higher taxes.
HMRC Slashes Tax-Free Allowances as Interest Income Triggers New Code Changes
Thousands of savers are seeing sudden changes to their tax codes as HMRC reacts to rising interest payments. With minimal warning, adjustments are being made to reflect unpaid tax on…
Tax Rises Expected in Autumn as UK Government Borrowing Hits £20.2 Billion
Economists are warning that rising public spending and limited fiscal headroom could prompt the UK government to consider new tax measures later this year.
Pensioners Hit by Stealth Tax Surge as Higher-Rate Bills Double in Four Years
The tax net is tightening on UK pensioners as rising pension payments meet unchanging tax thresholds. More retirees are being drawn into higher-rate tax bands, eroding income once thought safe.…
HMRC Confirms MTD Income Tax Changes: What You Need to Know for 2026
Starting in 2026, millions of self-employed individuals and landlords will be required to adopt HMRC’s new MTD system for income tax. The move promises to streamline tax reporting, but businesses…
Pension Tax Burden Rises as Frozen Thresholds Hit Retirees Harder
Pensioners in the UK are facing higher tax bills due to frozen income tax thresholds, with some expected to pay nearly £3,000 more over six years. Critics argue this creates…
New £5,490 Tax Increase Targets Petrol and Diesel Vehicles in UK’s Latest Policy Shift
The UK government’s new tax rates are about to hit drivers hard, with up to £5,490 in additional charges for petrol and diesel vehicles. Announced by Chancellor Rachel Reeves, these…
Unbeatable Road Tax Rates: Vehicles in the UK That Could Cost You Just £20 a Year
If you're looking to save on road tax, there are vehicles in the UK with some of the lowest costs, including options that cost just £20 a year. This list…
HMRC Clarifies Tax-Free Status of Ns&I Premium Bond Winnings
HMRC has reassured UK Premium Bond holders that their winnings are completely tax-free. This clarification aims to address confusion about whether such prizes require tax declaration.
Martin Lewis Issues Cash ISA Alert as Tax Year Begins
Martin Lewis urges savers to act quickly and use their full £20,000 Cash ISA allowance before potential reductions. The Autumn Budget may bring significant changes, with rumours suggesting a cut…
Council Tax Shock as Households in 28 Areas Face £3,221 Annual Bills Under Labour Green Light
Thousands of households across England are set to be hit with council tax bills exceeding £3,000 a year. The increases come as local authorities respond to funding pressures and rising…
Major UK Tax Reform Coming Next Week: What It Means for Thousands
A major UK tax reform will reshape the way foreign residents are taxed starting April 6, 2025. The end of the non-dom tax status is set to impact thousands across…
HMRC’s Interest Rate Increase: What to Expect from April 2025 on Overdue Taxes
From April 2025, HMRC will raise interest rates on overdue tax payments, increasing financial pressure on businesses and individuals alike. This hike, part of a wider crackdown on unpaid tax,…
