Pension savers are being warned about the risks of making costly errors Only 42% of adults claim they have a clear grasp of the options available(Image: pixelfit via Getty Images) Millions of pension savers risk surrendering thousands of pounds to tax unnecessarily as confusion surrounding retirement income choices leaves many exposed to expensive errors. Only
Under new rules, people must send more updates to HMRC throughout the year 17:22, 01 Jun 2026Updated 17:38, 01 Jun 2026 Certain households face a £200 HMRC charge(Image: Getty Images) HM Revenue and Customs (HMRC) will be sending £200 fines to taxpayers after a change to tax return rules now means some people must file
It features on The Private Office’s 2026 inheritance tax map, with an average liability of £20,814 per estate, driven largely by rising property values pushing more estates above the tax threshold. The data highlights a North-South divide, with inheritance tax exposure heavily concentrated in London and the South East, and only Trafford appearing from northern
The government has launched an artificial intelligence (AI) chatbot designed to give taxpayers quick and reliable access to official guidance. By drawing on more than 80,000 pages of Gov.uk information, the tool aims to answer real-life questions in everyday language – covering everything from childcare entitlements and apprenticeships to first-home schemes and retirement benefits. Here,
Huge numbers of people are already being dragged into paying more tax Campaigners are calling for changes to tax rules(Image: Getty) Significant reforms to the tax system could relieve the financial pressure on millions of households. The development follows the announcement of several important tax changes set to take effect within the next 12 months.
The tax rules and allowances differ depending on your situation HMRC has clarified the tax rules that apply to pensioners(Image: Getty) HMRC has released an update to clarify how tax rules apply to pensioners. Now is a good time to check the rules as the rates you have to pay are set to rise shortly.
12.5million pensioners are being trapped in a so-called two-tier state pension system. Basic state pensioners are being caught out by tax bills, and forced to pay the Labour Party government’s tax arm cash. One pensioner, Dave Morgan, spent 43 years as a building surveyor. Dave has hit out after the Labour Party government froze the
People have until April 6, 2027, to take action Samuel Mather-Holgate(Image: Newspage) An expert has warned of a double tax trap coming next year that leaves “people shocked when they see the maths written down”. Millions of families could face a major pension tax shock from April 2027, with experts warning that inherited pension wealth
Vehicle Excise Duty (VED) car tax bills have risen for drivers of petrol and diesel cars from April 2026, with electric vehicles also impacted — here’s what older drivers over 70 need to know Pensioners have been hit with substantial tax increases in 2026(Image: Turbo via Getty Images) State pensioners aged over 70 are facing increased
If you feel like the taxman is looking over your shoulder more often and with a sharper eye for detail, the latest data suggests you aren’t being paranoid. New figures from national accountancy group UHY Hacker Young reveal that HMRC has significantly ramped up the efficiency of its investigations. Over the last year, the average