Most people can earn some interest from their savings without paying tax, but you could have your tax code changed if you go over your allowance. Here’s what you need to know HMRC changing tax codes for some people who have savings accounts HMRC is changing the tax code for some savers who have reached
Could you clarify a passing comment that you made in your article last week. You used the phrase “by blood”. Are you drawing a distinction with uncle or aunt by marriage versus an uncle or aunt “by blood”? In other words, are you saying that a child can inherit under Class B from their parent’s
Many families would far rather pass wealth to the next generation than have it seized by the taxman but are wary of giving children and grandchildren too easy a ride. It’s a classic conundrum. How do you give away your hard-earned money without undermining the values of hard work and financial responsibility you hope to
Hundreds of thousands of people in England, Scotland and Wales could be entitled to this reduction and not claiming it, according to MoneySavingExpert (MSE) You could be exempt from paying council tax if you suffer from one of several medical condition(Image: GETTY) You could be partially or completely exempt from paying council tax if you
The DVLA holds more than 52 million driver records and 46 million vehicle records You can find out more about the car tax you may owe at GOV.UK(Image: Olena Malik via Getty Images) The Driver and Vehicle Licensing Agency (DVLA) has delivered an important message to motorists throughout Great Britain. The Government body, which maintains
The significant change will require these people to keep digital records and report their income to HM Revenue and Customs 13:22, 01 Aug 2025Updated 16:42, 01 Aug 2025 The launch on April 6, 2026 will mark a significant and time-saving change for certain people in how to report income to HMRC.(Image: Getty Images) With less
Chancellor Rachel Reeves is under pressure to introduce a wealth tax as she seeks to balance the books in the Budget following U-turns on winter fuel and disability benefit cuts 14:09, 01 Aug 2025Updated 15:24, 01 Aug 2025 Chancellor Rachel Reeves is facing calls to impose a wealth tax(Image: PA) Rachel Reeves said the Government
The triple lock system remains in place for the foreseeable future, having been enshrined in a Labour manifesto pledge Alex Evans Deputy Audience Editor and Lauren Haughey Lifestyle and Money Reporter 11:53, 01 Aug 2025 The new full State Pension is currently worth a totally of £11,973(Image: MoMo Productions via Getty Images) Many pensioners may
Completing a mid-year tax review can unlock tax savings for 2025. (Photo by Nicolas Guyonnet / Hans Lucas / Hans Lucas via AFP) (Photo by NICOLAS GUYONNET/Hans Lucas/AFP via Getty Images) Hans Lucas/AFP via Getty Images A mid-year tax review is more than just a routine financial check-in—it’s a strategic opportunity to step back, evaluate
HM Revenue and Customs figures show a total of £1.2 billion has been refunded in overpaid pension tax since pension freedoms were introduced The ongoing debacle has been condemned as a ‘disgrace’ by campaigners and financial experts(Image: ArtMarie via Getty Images) More than half a million pensioners have been stung by hefty tax bills when