The full new State Pension will rise to £11,973 from April, bringing it close to the frozen £12,570 personal allowance and raising concerns more retirees could face income tax. Pension Credit – Could you or someone you know be eligible? Millions of pensioners are being warned this year’s State Pension increase could push more retirees
HMRC is offering various free support resources to assist with preparation Linda Howard Money and Consumer Writer and Rory Poulter 05:30, 11 Mar 2026 HMRC is offering various free support resources to assist with preparation(Image: Olga Pankova via Getty Images) Nearly one million Brits are being urged to take action now ahead of a major
The typical amount owed to these taxpayers comes out at about £453 per person HMRC emphasised that you won’t receive this money automatically(Image: SrdjanPav via Getty Images) The tax authority has issued a warning that up to one million Brits could be losing out on unclaimed tax rebates worth an average of £453 each. It
If you are expecting a pay rise or bonus and are worried it could tip you into a higher tax bracket, it may be worth discussing salary sacrifice with your employer. The scheme allows you to set aside part of your salary for things like pensions. That part of your salary is then removed before
Chancellor Rachel Reeves provided an update about state pension changes State pensioners face a new tax bill from April(Image: Getty) State pensioners could suddenly find themselves liable for a new tax bill. An MP has voiced concerns that some claimants may have “no idea” they will soon be required to complete an HMRC form to
HMRC have shared four common reasons your tax code for the 2026/27 financial year may change. Mansion tax and private jet levy to be introduced in Scotland The start of the new financial year on April 6 brings many changes for people in work or claiming benefits and those in retirement. HM Revenue and Customs
THE windfall tax “retains the support of the public”, after a new poll found twice as many people support it than oppose the concept. The survey, conducted by researchers at Survation, says 41% of Scots support the tax, and 19% oppose it. Some 19% of the 2005 surveyed individuals said they strongly support it, and
Stay informed with free updates Simply sign up to the Professional services myFT Digest — delivered directly to your inbox. A former top EY executive is launching a UK tax business backed by private capital group EQT Partners in a bid to challenge the Big Four accountancy firms’ dominance of the sector. Jeff Soar, who
NoDerog / Getty Images/iStockphoto Tax refund season usually comes with a little spark of joy — maybe it’s a weekend getaway, finally upgrading your phone, or even paying down debt. But if you’re already counting on a big check in 2026, it might be worth hitting pause. A handful of changes — from tax law
More than 1.9 million people could lose out More than 1.9m are set to lose all or part of their tax-free personal allowance in the current tax year(Image: draganab via Getty Images) 1.9 million taxpayers face losing all or part of personal tax allowance this year More than 1.9m are set to lose all or