The Personal Allowance has been frozen at £12,570 since 2021, but you can earn an additional £7,500 tax-free with HMRC’s rent-a-room scheme by letting out a room in your home Alex Evans Deputy Audience Editor 08:45, 08 Mar 2026 A HMRC scheme will see tax-free Personal Allowance rise(Image: Getty) The tax -free Personal Allowance has
Supporting a family while living paycheck to paycheck is already daunting. You’re living with a fiscal sword of Damocles swinging over your head, waiting for the emergency or unexpected expense that will cut it loose. That anxiety can get even worse during tax season. What can you possibly do to ensure your family saves as
Whether it is reviewing your budgets or modelling the financial impact of changes, we can help you plan for whatever the year ahead brings. How will rising employment costs affect businesses? The Autumn Budget 2025 struck businesses once again with the increase to the National Living Wage (NLW) and National Minimum Wage (NMW). From April 2026,
It’s surprising how many couples don’t make use of the marriage allowance for Income Tax, according to tax experts. State pensioners can get HMRC tax-free Personal Allowance boosted by over £8,000 Two HMRC allowances can boost state pensioners’ Personal Tax Free Allowance by over £8k. It’s surprising how many couples don’t make use of the
On his podcast, the founder of MoneySavingExpert has broken down the complex rules behind Inheritance Tax, explaining how allowances work and why many estates never end up paying the charge. Inheritance tax is the levy applied to someone’s estate when they die, including assets such as property, savings, investments, businesses and other valuables. But Lewis
With the new tax year starting on April 6, now is the time to make sure you’ve used valuable tax-free allowances before they reset Do your end of tax year checklist now(Image: Prostock-Studio via Getty Images) Vicky Parry of MoneyMagpie speaks to financial experts including Jasmine Birtles and Ruby Layram about the simple moves –
On his podcast, the founder of MoneySavingExpert has broken down the complex rules behind Inheritance Tax, explaining how allowances work and why many estates never end up paying the charge. Inheritance tax is the levy applied to someone’s estate when they die, including assets such as property, savings, investments, businesses and other valuables. But Lewis
Benefits claimants and people on low incomes could be missing out on significant council tax support, with discounts available that can cut bills by up to 100%. Lower-income households will face added pressure as council tax bills rise for millions from 1 April, with most local authorities in England setting 5% increases that average £83
Tax season is growing more complicated as President Donald Trump’s tax policy reshapes deductions and planning. It comes at a time that AI innovations offer more tools to consumers while also threaten to disrupt software, financial planning and accounting services. From SALT stacking and bonus depreciation to costly mistakes by wealthy taxpayers, Bloomberg reporters break
Key changes to the state pension qualifying rules are coming in very soon Chancellor Rachel Reeves has given an update about tax changes for the state pension(Image: UK Parliament) Chancellor Rachel Reeves has issued a statement about significant changes to tax on the state pension. The Government unveiled a new policy regarding state pension tax