Older people with income over £35,000 may choose not to receive the payment to prevent it being recovered through their tax code. Pension Credit – Could you or someone you know be eligible? Pensioners in England and Wales will be able to opt out of the Winter Fuel Payment for 2026/27 from April 1, in
The government has notified the Income-tax Rules, 2026, clearing the way for a new compliance framework from April 1, 2026, but without changing income tax slabs. For taxpayers, this means processes will change more than the actual tax outgo. The rules operationalise the Income-tax Act, 2025, replacing the decades-old framework
The new rules are coming in soon 00:36, 22 Mar 2026Updated 07:20, 22 Mar 2026 Families have been advised to check to see if they will have to pay(Image: Getty) Families have been advised to check whether a hefty HMRC bill could be coming their way. Financial advisers have cautioned that some people will face
But here’s the twist: while many will pay more, thousands could cut their bill by hundreds—or wipe it out entirely—if they know where to look. Next month will see up to 9% increases across parts of England, with seven councils allowed to go above the usual 5% cap. There’s also up to 10% rises in
Key changes to savings allowances are coming up soon ISA savers may want to revisit their savings(Image: Getty) ISA holders could dramatically boost their savings through a simple change to how they use their accounts. A major advantage of these accounts is they are completely tax free. Savers can pay in up to £20,000 annually
The state pension is edging closer to the income tax threshold, but many people still don’t realise how it’s taxed. Research from the mutual life, pensions and investment company Royal London found that 41% of adults don’t realise the state pension is taxable. It also found that 68% of retirees who aren’t working said they
HMRC says it takes just seconds to make this important check as it could have an impact on your finances HMRC is urging people to check their tax code(Image: Getty Images/iStockphoto) Taxpayers are being urged to make a crucial check to avoid paying too much tax. If your tax code is wrong, you could end
Major changes to the UK tax system will kick in from April 2026 There will be changes in a couple of weeks(Image: Peter Dazeley via Getty Images) For most people, the beginning of a new tax year signals holiday entitlements being refreshed and marks the final opportunity to maximise ISA contributions for the year. However,
Millions of taxpayers are being urged to check a crucial detail that could mean they are paying too much tax This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more HMRC has issued a new “check it” alert(Image: Hispanolistic via Getty Images) Millions of taxpayers are
The Mirror rounds up all the new tax changes that are coming up next month from April 6 There are some big tax changes coming in from April 6(Image: Getty) The start of a new tax year is almost upon us – and with it, brings some big changes that you should be aware of.