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…
Taxpayers Have Two Weeks Left as HMRC Introduces New Digital Reporting Rules
Thousands of UK sole traders and landlords have until 7 August 2026 to send their first quarterly update under the new Making Tax Digital for Income Tax system. The deadline…
State Pension Tax Twist: Government Makes Major Move for Retirees
The Government has confirmed a new approach to protect some pensioners from unexpected tax bills as rising state payments move closer to existing tax thresholds. The decision comes amid wider…
HMRC’s Quiet Deadline Is Catching Parents of Teenagers off Guard
Parents urged to confirm teenagers' education plans before HMRC deadline or risk losing Child Benefit automatically, with families potentially missing out on payments worth over £1,400 a year.
Record 10 Million Pensioners Hit by Income Tax Rise as Threshold Freeze Continues
A record number of older people are expected to pay income tax in the UK as frozen thresholds continue to affect more households. The change is reshaping who contributes to…
Pensioners Face £33 HMRC Deductions under Rachel Reeves’ Confirmed New Rules
Millions of pensioners will see changes to the way money is collected through the tax system after the Government confirmed new arrangements linked to Winter Fuel Payments. Separate reports also…
Property Tax Bombshell: Find Out Whether Your Area Could Pay More
A proposed shake-up of property taxes could leave homeowners and renters facing major changes to their annual costs. While many households may pay less, others could see steep rises. Find…
CGT Warning as Inherited Properties Could Trigger Tax Bills of Almost £120,000
Thousands of families could face significantly higher tax bills when selling inherited property if proposed changes to Capital Gains Tax (CGT) are introduced. According to Rathbones, removing the current CGT…
HMRC Confirms £600M Annual Tax Hit after U.S. Secures Exemption from Global Deal
The UK is expected to lose around £600 million in tax revenue each year after the United States secured an exemption from the global minimum corporate tax agreement, according to…
Tax-Free Personal Allowance Could Reach £20,070 Under Little-Known HMRC Rule
A little-known HMRC tax relief allows eligible households to earn significantly more tax-free without changing the standard Personal Allowance.
Millions of Pensioners to See Automatic HMRC Tax Deduction under New Repayment Rules
Around two million state pensioners are expected to see automatic tax deductions begin from July as HM Revenue and Customs starts recovering Winter Fuel Payments from higher earners. The measure…
Will New Isa Rules Force You To Pay Tax On Your Savings?
Upcoming Isa rule changes could reshape how millions of people manage their savings, with new limits and charges prompting investors to rethink how they use cash within investment accounts. The…
Millions of Drivers Could Save £912 as Rachel Reeves Confirms Car Tax Cut
The announcement has drawn attention because it combines short-term tax relief with a backdrop of political transition at the top of government. According to Birmingham Live, Ms Reeves indicated support…
Pension Shock: State Pension Could Be Taxed Before It’s Paid Out
A major government proposal could change how the UK state pension is taxed, with discussions underway about taking income tax directly before payments reach pensioners. The potential reform would mark…
Big Changes Coming to ISAs as HMRC Tightens Savings Rules
HMRC’s new ISA reforms could change how savers earn tax-free returns, with fresh rules targeting cash held inside investment accounts and tighter controls on how savings are structured. The changes…
You Could Slash Your Council Tax Bill if You Fall Into One of These Groups
As new council tax bills arrive across the UK, many households are facing higher payments, yet a range of discounts and support schemes remain available. Eligibility varies according to personal…
Millions Could Be Caught by Hidden Tax Return Rule on Extra Cash
HMRC has warned workers earning more than £1,000 from side hustles that they may need to register for Self Assessment and file a tax return. The rule applies to online…
UK Pensioners’ Savings Targeted in Major Tax Shake-Up
UK families face a “double tax” hit and six-month deadline under new pension rules coming in 2027, as unused pension pots are brought into Inheritance Tax for the first time.…
UK Taxpayers Could Unlock Higher Tax-Free Allowance Under New Rule
HMRC rules could allow some UK taxpayers to increase their tax-free earnings under certain approved schemes, as frozen tax thresholds continue to push more people into paying income tax or…
Pensioners Hoping for a £25,140 Tax Break Get a Major Treasury Response
More than 120,000 people backed a proposal to dramatically raise the tax-free allowance for pensioners. The issue reached Parliament, prompting a direct response from ministers that could have major implications…
HMRC Issues Fresh Warning to Parents as £80,000 Child Benefit Rule Takes Effect
Parents can continue claiming Child Benefit even if one partner earns more than £60,000 a year, but some or all of the payment may need to be repaid through the…
More Than a Million Workers Could Gain From Proposed Tax Relief
A growing campaign is backing a new tax allowance for second-job workers, with supporters arguing it could ease pressure from rising living costs. The proposal may affect more than a…
One Tax Code Detail Every Employee Needs to Verify, According to Martin Lewis
A routine detail on your payslip may not be as straightforward as it seems. Martin Lewis has highlighted a tax code issue that can lead to problems for employees, with…
HMRC Reveals Updated £1,000 Tax Rules Many Side Hustlers May Have Missed
HMRC has introduced an updated tool to help people check their tax obligations, bringing renewed attention to a £1,000 income threshold linked to side earnings. Online sellers, freelancers and landlords…
