HMRC Refunds £188 Million to Pension Savers As Thousands Receive £3,470 on Average
Thousands of pension savers have received unexpected refunds from HMRC after paying too much tax on withdrawals. With £188 million returned in just one financial year, the figures expose a…
Millions Could Face Extra Income Tax Under £3.5 Billion Social Care Plan
Millions of people could face changes to the way social care is funded under a proposal now attracting attention in Westminster. The plan would affect taxpayers and pensioners, while raising…
Council Tax Rules Could Mean a 100% Discount for Students, but It’s Not Automatic
Some students could see their council tax bills reduced to zero under existing government rules. Yet the exemption is not automatic, and eligibility depends on specific conditions that many households…
Millions of State Pensioners Face Changing Tax Deductions Under New HMRC Payment Arrangements
Millions of state pensioners receiving Winter Fuel Payments face two different levels of monthly tax deductions as HM Revenue and Customs (HMRC) prepares to recover payments from those earning more…
Capital Gains Tax Shock: Treasury Considers Major Break for Entrepreneurs
The UK Treasury is considering changes to capital gains tax relief for entrepreneurs, potentially changing how business owners are taxed when selling their companies. The review could have major consequences…
UK Households Could Increase Their Tax-Free Allowance to £13,830 With One Simple Claim
Millions of UK households could benefit from a little-known HMRC scheme that allows eligible married couples to increase their tax-free Personal Allowance to £13,830, save £252 annually, and claim up…
Your Council Tax Bill Could Be Wrong: Here’s How to Check
Thousands of UK homeowners could be paying more council tax than they should. A simple check of your property’s band could reveal whether you have grounds for a challenge —…
Inheritance Tax Could Face Major Overhaul As 40% Rate and Threshold Come Under Review
Kemi Badenoch is expected to set out plans to reduce inheritance tax as she addresses the Conservative Party conference in Birmingham, with changes potentially taking effect from 2029 if the…
Millions Aged 21 to 24 Could Be Affected by Major Insurance Tax Shake-Up
A major insurance change has been proposed for workers aged 21 to 24, potentially reshaping what employers pay to hire younger staff. The plan comes amid growing political focus on…
HMRC Tax Warning: Millions Could Get a Letter With a Surprise Bill or Refund
HMRC is sending tax letters to households as it checks millions of PAYE records. Some recipients could be due money back, while others may face an unexpected bill. Here’s what…
Residents Could Face a 150% Tax Hike As London Council Weighs Options
A London borough is considering a tax increase of up to 150% after a steep reduction in government funding. The proposal is one of several options now being examined as…
Pensioners Given Income Tax Reassurance As State Pension Rises Past Key Threshold
State pensioners relying only on the state pension will be protected from being drawn into income tax during the current Parliament, according to the Birmingham Mail. The measure is expected…
1.4 Million Pensioners May Be Missing This Council Tax Support
Thousands of older households could be paying more than necessary toward their council tax without realising they may qualify for support. A check of your circumstances and local council rules…
HMRC £30 Monthly Charge Warning as State Pensioners Face January Tax Change
Some state pensioners with higher incomes are set to face additional tax deductions from January 2027 as HMRC begins recovering Winter Fuel Payments. The charges apply to pensioners whose individual…
HMRC Rule Means Workers Could Pay Less Tax With One Simple Claim
UK employees who pay certain costs associated with uniforms, specialist work clothing or tools may be able to claim tax relief under HM Revenue & Customs rules. For workers whose…
Millions Of State Pensioners Face Unexpected Tax Bills After Payment Increase
A planned state pension rise could push some UK retirees above the current tax-free income limit, meaning millions of pensioners with additional income sources may face new tax bills for…
New Tax Allowance Changes Revealed as 20%, 40% and 45% Bands Face a Major Rethink
A proposed allowance increase could bring changes to the UK income tax system, with new thresholds suggested for the 20%, 40% and 45% rates. The plans could affect when some…
The HMRC Income Deadline Change Many Self-Employed People Need to Know About
Making Tax Digital (MTD) for Income Tax is being rolled out in stages, changing how some sole traders and landlords record and report their income. The system replaces the traditional…
HMRC Reveals Big Update for Taxpayers After Thousands of Complaints Over Delays
HM Revenue and Customs (HMRC) has announced a series of reforms aimed at improving its services after criticism over delays and customer complaints. The organisation said it is increasing capacity…
HMRC Sends Record 1.8 Million Letters Before December as Taxpayers Warned to Check Carefully
HM Revenue and Customs (HMRC) is issuing around 1.8 million Simple Assessment letters for the 2025/26 tax year to people who have tax to pay that has not been collected…
Andy Burnham Considers £14bn Wealth Tax Shift To Fund £600 Cost Of Living Boost
A new Labour-linked proposal could reshape the UK tax system by raising capital gains tax rates. The plan aims to fund a higher personal allowance for millions of taxpayers.
HMRC Launches Checks On UK Households Over Possible £392m Inheritance Tax Shortfall
HMRC is reviewing potential inheritance tax errors involving wealthy estates across the UK. The suspected shortfall could reach hundreds of millions of pounds.
State Pensioners May Unlock £16,320 Tax-Free Allowance Through Little-Known HMRC Scheme
A legal HMRC scheme could allow eligible state pensioners to increase their tax-free income by thousands of pounds through the Rent-a-Room Scheme, potentially raising their allowance to more than £16,000.
Inheritance Tax Bills Could Rise as Government Confirms New Pension Rules
Changes to the UK’s Inheritance Tax rules have been confirmed by HM Revenue and Customs as the government prepares to include most unused pension funds and pension death benefits within…
HMRC Confirms £33 Monthly Tax Increase For Thousands Of Pensioners Receiving Winter Fuel Payments
HMRC has confirmed that thousands of higher-income pensioners receiving Winter Fuel Payments could see automatic tax increases as repayments are collected through changes to their tax codes over the coming…
HMRC Allowance Trap Leaves High Earners Losing More of Every Extra Pound
Millions of higher earners are being drawn into a little-known allowance trap as the £100,000 threshold remains frozen. With more workers crossing the limit, the tax impact is becoming harder…
Over 1M Pensioners Now Face 40% or 45% Income Tax as the Stealth Tax Squeeze Deepens
More than one million pensioners are now paying income tax at the 40% or 45% rates, more than double the number recorded five years ago. The increase has come as…
Workers Could Receive up to 3% of Their Income Tax Back Under New Proposal
Thousands of workers could be affected by a new proposal being discussed by regional leaders. The plan marks a notable change from the position set out earlier and could have…
HMRC Letter Warning: Quiet P800 Tax Refund Change Means Millions May Need to Act From August
HM Revenue and Customs (HMRC) has changed the way many taxpayers receive refunds after paying too much tax through PAYE. People who make a multi-year P800 tax refund claim will…
Major Overtime Tax Change Could Transform What Workers Take Home
Reform UK has pledged to remove income tax from overtime pay if it wins the next general election, placing the proposal at the centre of a wider package aimed at…
Couples Could Claim £720 Tax Boost Thanks to Little-Known HMRC Rule
A little-known HMRC rule allows people with no earnings to receive up to £720 a year in pension tax relief. For couples where one person is out of paid work,…
Thousands of Pensioners Could Face a Tax Bill After Making This Pension Choice
A planned UK tax exemption for pensioners living only on the state pension may leave out people who postponed claiming their payments and now receive higher amounts because of deferral.
One Savings Switch Could Leave Brits £138 Better off Every Year
Millions of British savers could be paying tax on interest unnecessarily as higher savings rates push more accounts beyond the Personal Savings Allowance. Moving money into a Cash ISA could…
HMRC Confirms Payments Deductions for State Pensioners from 2026 to 2029
HMRC has detailed how Winter Fuel payments will be recovered from some state pensioners over the coming tax years. The timing and amount collected will depend on income, the year…
Pension Tax Changes under Andy Burnham and John Healey Will Remove Three Reliefs
Unused pensions are due to come within the scope of inheritance tax from April 2027, while several forms of relief available to other assets will not apply when those assets…
Over-65s Hit by Income Tax Surge as £3.34bn Savings Bill Looms
More than 2.1 million people aged 65 and over are expected to face an Income Tax liability on their savings interest in 2026/27, more than four times the 517,000 recorded…
Pension Holders Urged to Act as HMRC Changes Threaten Huge Tax Bills
Pension holders with substantial retirement savings are being warned that unused pension funds could face combined tax exposure of up to 67% when passed on after death from April 2027.…
Inheritance Tax Changes Could Add £34,000 to the Average Bill for Thousands of Families
Thousands of families face the prospect of much higher inheritance tax bills when pension rules change from April 2027, with advisers warning that a long-standing retirement strategy may no longer…
HMRC Reveals When Pension Tax Refund Claimants Can Expect a Response
HM Revenue & Customs has confirmed that some taxpayers waiting for refunds on tax overpaid after accessing their pensions may not receive a response until late September. The update came…
HMRC Confirms Tax Change That Could Wipe Out Pensioners’ Winter Fuel Payment
HM Revenue & Customs is recovering Winter Fuel Payments from pensioners whose personal income exceeds £35,000, with many repayments being collected through changes to PAYE tax codes. The system affects…
Inheritance Tax Warning as Pension Beneficiaries Could Lose up to 91% to Tax
Unused pension funds will be brought into estates for inheritance tax purposes from April 2027, exposing some beneficiaries to significantly higher tax bills. The change will also mean that families…
HMRC Issues State Pension Tax Clarification Ahead of 2027 Change
HMRC has clarified how tax is applied to the State Pension, explaining that the benefit has always been taxable even though the Department for Work and Pensions does not deduct…
Millions of Taxpayers at Risk of Costly Overlap under HMRC’s New Monthly Tax Plan
Millions of self-employed taxpayers could face overlapping tax demands as HMRC considers moving parts of the self-assessment system to monthly collection from April 2029. Up to 3.6 million people may…
Have You Overpaid Tax? HMRC Says Thousands Are Due Refunds
HMRC has returned millions in overpaid pension tax, and many savers may still be owed money. Those who recently accessed their retirement funds are being urged to check whether a…
HMRC Urges Families to Check for Forgotten Savings before They’re Overlooked
Hundreds of thousands of young people across the UK could have unclaimed Child Trust Funds, with HM Revenue and Customs urging families to check whether money is waiting to be…
Pension Tax Shock: Savers Rush to Act Before 2027 Changes Arrive
A major change to pension and inheritance rules is prompting savers to rethink their future plans. As new measures approach, many households are reviewing their options and considering how the…
Inheritance Tax Bills Could Fall to £0 Under a Little-Known HMRC Rule
A little-known inheritance tax relief could reduce a family's tax liability to nothing in certain circumstances, according to tax specialists. The measure applies only in a narrow range of cases…
HMRC Starts Contacting Thousands of Self-Employed Workers over a Hidden State Pension Problem
Thousands of self-employed people in the UK may have missing National Insurance records linked to a registration issue between 2015 and early 2024. HM Revenue & Customs (HMRC) has started…
Why Your Savings Account Could Leave You with an Unexpected Tax Bill
Frozen tax thresholds and higher interest rates are pushing growing numbers of UK savers into paying tax on their savings interest. According to The Express, more than 2.7 million people…
Andy Burnham Reveals Huge Tax Rethink as Council Tax Bands A to H Face Possible Overhaul
Andy Burnham is examining changes to the UK council tax system that could replace the current structure with a different approach to taxing property. The Labour Prime Minister has said…
