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
Data from Google Trends shows interest in Making Tax Digital for Income Tax recently reached its highest level ever recorded, with searches jumping more than 600% in just two months. The spike comes ahead of a key deadline from HM Revenue and Customs. From 6 April 2026, self-employed workers and landlords earning more than £50,000
Searches for a major tax change have surged across the UK as freelancers and landlords scramble to understand new rules coming into force in weeks. Data from Google Trends shows interest in Making Tax Digital for Income Tax recently reached its highest level ever recorded, with searches jumping more than 600% in just two months.
If you work for yourself, run a small business, or rent out a property, the way you manage your income tax is about to change. From April 2026, the traditional once-a-year self-assessment will be replaced by Making Tax Digital (MTD) for Income Tax. Under the new rules, you’ll be required to keep digital records, submit
This affects some people earning over a certain amount Linda Howard Money and Consumer Writer and Rory Poulter 05:15, 05 Mar 2026 From 6 April 2026, those eligible will need to use recognised software(Image: Nico De Pasquale Photography via Getty Images) Self-employed Brits and landlords earning above £50,000 from self-employment and property are being advised