In our weekly series, readers can email in with any questions about retirement and pension savings to be answered by our expert, Tom Selby, director of public policy at investment platform AJ Bell. There is nothing he does not know about pensions. If you have a question for him, email us at money@theipaper.com Question: I
Among the cars which are now tax free following Vehicle Excise Duty changes include some which were seen extensively across the UK’s roads Drivers are being warned about changes to car tax rules(Image: PA) A major change to car tax rules means that a number of vehicles on UK roads can now be tax free.
Millions of pensioners have just received a boost to their state pension — but experts warn the increase could tip some into paying tax for the first time, quietly reducing the benefit The state pension is heading closer to the personal allowance(Image: GETTY) Millions of pensioners welcomed a rise in their weekly income this April
Olly Cheng, of wealth manager Rathbones, said: “Frozen thresholds are quietly pulling more people into higher tax bands, meaning more households will pay more tax, often without realising it.” By the time thresholds finally rise – which, based on current plans, won’t happen until April 2031 – the income tax system will have been in
You can normally claim your refund online, or you can wait for a cheque to be sent in the post 10:42, 26 Apr 2026Updated 10:42, 26 Apr 2026 HMRC will write to you if you are owed a tax rebate(Image: Getty) HMRC has issued a reminder to almost one million people who are owed a
Saturday 25 April 2026 10:40 am Businesses have had the worst start to the year on record Tax rises under Labour coupled with the war in Iran have triggered the worst start to the year for businesses on record. Fewer businesses were set up in the first three months of 2026 than in the same
HMRC has ramped up its scrutiny of property valuations amid an inheritance tax crackdown, data show. The taxman challenged 23.5pc more property valuations for inheritance tax purposes last year as it sought to boost receipts. The Valuation Office Agency (VOA) – the quango in charge of property valuations – received 14,631 cases from HMRC in
From next year, people who miss a monthly payment will have roughly two months to settle their bill. This will be replacing the current system under which if people missed one monthly payment they faced having to pay the entire outstanding sum in a single payment within two weeks. Bolton West MP Phil Brickell said:
You can do several things to reduce your tax bill Martin Lewis shared some tips on his BBC podcast(Image: ITV) Martin Lewis has offered some advice on a tax that many savers may be unaware could apply to their savings. He recently spoke on his BBC podcast about the best ways to grow your savings
HM Revenue and Customs (HMRC) is cracking down on property valuations in inheritance tax (IHT) returns as rising house prices see more families dragged into the taxman’s net. The number of cases HMRC referred to the Valuation Office Agency (VOA) rose by 23.5% from 11,845 in the 12 months to September 2024 to 14,631 in