Key changes to savings allowances are coming up soon ISA savers may want to revisit their savings(Image: Getty) ISA holders could dramatically boost their savings through a simple change to how they use their accounts. A major advantage of these accounts is they are completely tax free. Savers can pay in up to £20,000 annually
The state pension is edging closer to the income tax threshold, but many people still don’t realise how it’s taxed. Research from the mutual life, pensions and investment company Royal London found that 41% of adults don’t realise the state pension is taxable. It also found that 68% of retirees who aren’t working said they
HMRC says it takes just seconds to make this important check as it could have an impact on your finances HMRC is urging people to check their tax code(Image: Getty Images/iStockphoto) Taxpayers are being urged to make a crucial check to avoid paying too much tax. If your tax code is wrong, you could end
Major changes to the UK tax system will kick in from April 2026 There will be changes in a couple of weeks(Image: Peter Dazeley via Getty Images) For most people, the beginning of a new tax year signals holiday entitlements being refreshed and marks the final opportunity to maximise ISA contributions for the year. However,
Millions of taxpayers are being urged to check a crucial detail that could mean they are paying too much tax This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more HMRC has issued a new “check it” alert(Image: Hispanolistic via Getty Images) Millions of taxpayers are
The Mirror rounds up all the new tax changes that are coming up next month from April 6 There are some big tax changes coming in from April 6(Image: Getty) The start of a new tax year is almost upon us – and with it, brings some big changes that you should be aware of.
Around 51,000 sole traders and landlords in Scotland will need to switch to a new digital tax system from April. Mansion tax and private jet levy to be introduced in Scotland Thousands of self-employed workers and landlords across Scotland are facing the biggest shake-up to the tax system in nearly 30 years. From April 6,
More than 8.7 million pensioners are liable for tax, as frozen thresholds continue to drag growing numbers of retirees into the system 17:13, 17 Mar 2026Updated 08:01, 18 Mar 2026 An expert shared some ways pensioners could cut back on their tax bill(Image: Getty) An expert has revealed five methods pensioners could utilise to reduce
Work out where you stand Since the start of 2024, online platforms such as Vinted, eBay and Airbnb have been required to share data with HM Revenue and Customs (HMRC) for any users who sell more than 30 items a year or earn more than about £1,700 (the threshold is set at €2,000) a year.
The top rate of income tax is 45%, but depending on your circumstances, you could unknowingly fall into one of the UK’s little-known ‘tax traps’ and end up paying an effective rate as high as 60%. These traps can strip away your personal tax-free allowance (£12,570), your access to child benefit payments and your free