Around 1.7 million pensioners could risk paying too much tax, due to an administrative error from HMRC. This issue affects those who fill out a self-assessment tax return, with the mistake potentially seeing pensioners overcharged tax by £5. Although this is small sum, the tax office is telling pensioners to check their tax returns carefully
HMRC collected £63.8billion more in Income Tax, Capital Gains Tax and National Insurance last year. This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more Mansion tax and private jet levy to be introduced in Scotland People receiving pay rises, bonuses or moving into better paid
When my mother died, there was a four-year delay in achieving probate owing to financial complexities. During this time my father paid inheritance tax (IHT) on the advice of his solicitor, to prevent interest accruing. It turned out that the solicitor’s estimate of the amount was wildly out. My father applied for a rebate a year
HMRC may take it back depending on your personal income. HMRC confirms £200 tax charge for state pensioners born after 1946 HMRC has confirmed a tax charge for state pensioners under 80 as it claws back the Winter Fuel Allowance. If you have received the Winter Fuel Payment (in Scotland this is the Pension Age
The DVLA has warned motorists The alert comes as the Driver and Vehicle Licensing Agency steps up a nationwide crackdown(Image: PixelVista via Getty Images) Motorists are being urged to make appropriate checks or face penalties of up to £1,000 – and potentially having their car clamped or impounded. The alert comes as the Driver and
Major ISA rule changes will come into force next year DWP sending ‘last’ payments to Attendance Allowance and Pension Credit claimants Some savers could soon be hit by huge tax charges under new rules reportedly being considered by Chancellor Rachel Reeves. It’s all to do with changes to cash ISA rules from 2027. The annual
ISAs are facing a major reform, with the annual cash ISA limit for under-65s being slashed from £20,000 to £12,000 Savers will face a new charge on interest earned from cash held in stocks and shares ISAs(Image: Getty Images/Image Source) Rachel Reeves is set to introduce a new charge on interest earned from cash held
Rachel Reeves announced the tax change in last November’s Autumn Budget. Rachel Reeves announced the tax change in last November’s Autumn Budget. Rachel Reeves has confirmed a tax change with thousands of pension savers set to lose £890 a year. Labour Party Chancellor Rachel Reeves announced the tax change in last November’s Autumn Budget. Under
London assembly officials are weighing up whether to launch an investigation into Zack Polanski after he admitted he may have failed to pay the correct council tax while living on a houseboat in the capital. The Green party leader has faced questions over whether the houseboat, moored in east London, was his primary residence. A
Savers will no longer be able to take advantage of ISAs to make tax-free income from investment from next year, the Treasury is expected to announce. Starting next April, income from stocks and shares ISAs will be taxed at 22 per cent, according to The Daily Telegraph. Why is the government doing this? As part